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The outlook for gold in 2022

Ut World February 23, 2022 0

Article By V.P. Nandakumar MD & CEO of Manappuram Finance Ltd. Gold ended the year 2021 with its price about 4% lower than its opening price for the year, closing at US$1,806/oz. This was despite a rally towards the year-end against the backdrop of the rapid spread of the Omicron variant Continue Reading

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Hero Fincorp: First Indian Company to Obtain a New Benchmark Loan

Ut World February 11, 2022 0

Hero FinCorp has become the first Indian company to raise a secured overnight financing rate (SOFR)-linked syndicated loan. The non-bank finance company, promoted by Hero MotoCorp, raised $350 million (approximately Rs 2,631 crore) at 168 basis points above SOFR, a new international benchmark that replaced the London Interbank Offered Rate or LIBOR on January 1. […]Continue Reading

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KFC India Apology regarding post supporting on ‘Kashmir Solidarity Day’

Ut World February 8, 2022 0

KFC Pakistan posted a post congratulating Pakistan on Kashmir Solidarity Day. Following this, social media protests against KFC are on the rise in India. The campaign against South Korean automaker Hyundai is intensifying after an earlier Kashmir solidarity tweet did not provide a clear response. Indians continue to criticize the company with the tag Boycott […]Continue Reading

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HOW MANAPPURAM HELPED IN INDIA’S FIGHT AGAINST COVID-19

Ut World January 20, 2022 0

The year 2020 brought with it an unprecedented challenge to humanity. As Covid-19 spread like wildfire to become a worldwide pandemic, governments across the world were forced to take harsh measures to deal with the contagion. Businesses and educational institutions had to be shut down for prolonged periods disrupting the livelihoods of millions of people […]Continue Reading

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Inflation is becoming a global phenomenon

Ut World January 20, 2022 0

Article By V.P. Nandakumar MD & CEO of Manappuram Finance Ltd. The US consumer price index rose 6.8% in November 2021 year on year, the fastest pace of increase since 1982, and the sixth straight month in which inflation topped 5%. Regular readers of this magazine may recall that in the August 2021 issue, my […]Continue Reading

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Vodafone Filed a Claim With the Indian Government for Refund of Taxes Paid in the Past

Ut World December 3, 2021 0

According to a top government official, Vodafone has filed an application with the Indian government to settle its tax issue under the retrospective statute, promising to guarantee it against any future claims. “They’ve applied… The corporation would be given Form 2 when the application was processed “According to the official, Form 2 is the Continue Reading

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Amazon  Attempting to Halt an Antitrust Investigation Into Its 2019 Merger With India’s Future Group

Ut World November 26, 2021 0

According to legal documents seen by Reuters, Amazon.com Inc has requested India’s Supreme Court to halt an expedited assessment of charges that the company hid material when seeking antitrust clearance for a 2019 merger with India’s Future Group. Amazon was accused of concealing information and making misleading statements by the Competition Commission of Continue Reading

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World Trade and Development Report: India for Preferential Status to Developing Nations

Ut World November 26, 2021 0

On Thursday, the administration emphasized the importance of maintaining the WTO’s special and differential treatment for developing and poor nations, as well as a consensus-driven approach, as essential principles, a viewpoint held by trade experts as well. “At the upcoming WTO ministerial conference, India will fight to preserve special and differential Continue Reading

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Paytm CEO’s Goal to Deliver India’s Largest-Ever IPO Backfires

Ut World November 19, 2021 0

Vijay Shekhar Sharma brushed away tears of pleasure as he recalled his climb from “commoner” to CEO of a digital payments behemoth that recently completed India’s largest-ever IPO. Before striking the opening gong at the Bombay Stock Exchange at 10 a.m. local time on Thursday, the founder and CEO of One 97 Communications Ltd., operator […]Continue Reading

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HCL Tech to Train and Hire High School Graduates in the United States

Ut World November 11, 2021 0

HCL Tech, an IT services provider, has announced an apprenticeship program in the United States to train and hire high-school graduates in order to boost its localization efforts in global markets. Apprentices who complete the program successfully will be offered full-time employment with HCL and will be able to pursue a debt-free college degree at […]Continue Reading