Business

Huawei pays out $9.65 billion in dividends to current and retired staff - Times of India

Huawei pays out $9.65 billion in dividends to current and retired staff – Times of India

[ad_1] SHANGHAI: Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, according to a filing with the Shanghai Clearing House. Some 131,507 current and former workers are involved in the shareholder scheme, according to the company’s 2021 annual report released last week. The …

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MFs may have to limit exposure to 10% due to Sebi’s risk cap rule - Times of India

MFs may have to limit exposure to 10% due to Sebi’s risk cap rule – Times of India

[ad_1] MUMBAI: Fund managers of several equity mutual fund (MF) schemes may have to offload part of their stakes in the combined HDFC Bank once the merger is complete. As an alternative, they may rejig their holdings in HDFC and HDFC Bank in such a way that, after the merger, the total exposure to the …

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India's wheat exports hit record 7.85 million tonnes in 2021-22: Report - Times of India

India’s wheat exports hit record 7.85 million tonnes in 2021-22: Report – Times of India

[ad_1] NEW DELHI: India’s wheat exports hit 7.85 million tonnes in the fiscal year to March, an all-time high and a sharp increase from 2.1 million tonnes in the previous year, traders said, as Russia’s invasion of Ukraine cuts off rival Black Sea supplies. Earlier this month, a top government official said India would export …

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MRPL buys 1 million barrels of Russian Urals crude for May loading - Times of India

MRPL buys 1 million barrels of Russian Urals crude for May loading – Times of India

[ad_1] NEW DELHI: Mangalore Refinery and Petrochemicals Ltd has bought 1 million barrels of Russian Urals crude for May loading via a tender, three trade sources familiar with the deal said, a rare purchase driven by the discount offered. Refiners in India, the world’s third biggest oil importer and consumer, have been snapping up Russian …

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Still no mention of crypto: Everything you need to know about the ITR form changes - Times of India

Still no mention of crypto: Everything you need to know about the ITR form changes – Times of India

[ad_1] NEW DELHI: India’s Central Board of Direct Taxes (CBDT) has notified new Income Tax Return (ITR) forms for the assessment year 2022-23 to file a return of income for the financial year 2021-22. While the forms have mostly remained unchanged, there are a few minor additions, such a disclosures on investment in unincorporated entities, …

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Factory activity slowed in March, optimism at two-year low: PMI - Times of India

Factory activity slowed in March, optimism at two-year low: PMI – Times of India

[ad_1] BENGALURU: India’s factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, according to a survey released on Monday that also showed optimism at a two-year low. The survey provides the latest evidence the recovery in Asia’s third-largest economy is …

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Sensex, Nifty rise 1% as HDFC twins surge on merger plans - Times of India

Sensex, Nifty rise 1% as HDFC twins surge on merger plans – Times of India

[ad_1] BENGALURU: Domestic indices surged 1% on Monday, with private lender HDFC Bank and mortgage lender Housing Development Finance Corp leading gains after the companies decided to merge their operations. The Nifty 50 index was up 1.1% at 17,864, as of 0348 GMT, and the sensex rose 1.1% to 59,917.24. Shares of HDFC Ltd and …

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HDFC Bank, mortgage lender HDFC Ltd to merge - Times of India

HDFC Bank, mortgage lender HDFC Ltd to merge – Times of India

[ad_1] BENGALURU: India’s largest private lender HDFC Bank will merge with housing finance firm HDFC Ltd, the companies said on Monday. As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41% of HDFC Bank. Shares held by …

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ICICI Venture expects high growth in services - Times of India

ICICI Venture expects high growth in services – Times of India

[ad_1] MUMBAI: ICICI Venture, the country’s oldest alternate asset manager, sees high growth in the services sector, which was hit during the pandemic. The company is raising capital under its India Advantage Fund Series 5 and is also is looking at real estate, infrastructure and getting back into startups. On the company’s private equity plans, …

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hdfc bank:  Hdfc Bank’s Loan Book Grows 21% To ₹13.7l Crore | Mumbai News - Times of India

hdfc bank: Hdfc Bank’s Loan Book Grows 21% To ₹13.7l Crore | India Business News – Times of India

[ad_1] MUMBAI: HDFC Bank’s loan book grew by 20.9% on a year-on-year basis to Rs 13.7 lakh crore as on March 31. Given that overall loans for the banking industry grew only 8.5% year-on-year up to March 11 to Rs 117 lakh crore, HDFC Bank’s figures point to a significant gain in marketshare. The bank’s …

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