‘Mitsubishi to power Shriram Finance’s growth’

NEW DELHI: Capital infusion by Japan’s Mitsubishi UFJ Financial Group (MUFG) will strengthen Shriram Finance’s balance sheet as well as provide long-term growth capital. MUFG has said it will invest Rs 39,618 crore in Shriram Finance through a preferential allotment of equity shares, acquiring a 20% stake in the non-bank lender. MUFG will make the…

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Sensex up for 2nd day on steady, global cues

MUMBAI: Infosys and Bharti Airtel led a 638-point sensex rally on Monday, its second session of rebound after days of slide, as the reversal in rupee’s strength against the dollar enthused Dalal Street investors. The rise in the sensex, however, came even as foreign funds were net sellers, BSE data showed. Over the past few…

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‘Low inflation boost for competitiveness’: RBI

MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…

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FedEx questioned for hiring hundreds of H-1B workers while firing US staff after $2.24 billion federal contract: ‘Our strategy is…’

American company FedEx has come under fire after a multibillion-dollar federal delivery contract coincided with a sharp increase in the company’s hiring of foreign workers, even as it cut hundreds of US jobs across multiple states.In December 2022, the US Transportation Command awarded FedEx a contract worth $2.24 billion for the Next Generation Delivery Service-2…

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