29 January 2024

Staff Benefits Firm Pluxee Eyes Expansion via Tie ups

Analysis of Pluxee’s Expansion Plans Source and Citation: Originally reported in The Economic Times on January 29, 2024. Analysis for a Layman Pluxee, an employee benefits company, is looking to expand in India by partnering with players in education, health, and digital payments industries. The company offers digital solutions to companies for employee benefits like […]

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MS Teams App Suffers Mega Global Outage

Analysis of Microsoft Teams Outage Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article discusses a global outage experienced by Microsoft’s collaboration software application Teams. The issues, including login failures, missing messages, and call drops, affected Teams users worldwide. Microsoft attributed the problem to a networking

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Nifty Expected to Face Selling Pressure, Support at 21,250

Analysis of Near-Term Nifty Outlook Ahead of Union Budget 2023 Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article provides a technical outlook from market analysts on the Nifty’s movement in the coming weeks, especially in anticipation of the Union Budget. The analysis suggests that indicator

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Road to Quality: Bank Guarantees may be Cut, Consultants Screened

Analysis of Indian Government’s Proposal to Reform Bid Norms for Consultants in Road Projects Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article discusses proposed reforms by the Indian government in the bidding process followed for appointing consultants who prepare detailed project reports (DPRs) for highway

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Experts to Discuss Trade Regime of Sensitive Goods

Analysis of India’s Strategic Trade Control Policies Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The news covers an upcoming national conference organized by the Indian government involving industry experts, officials, and global delegates. The focus is on India’s export control policies and trade regime concerning sensitive

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Electronics, Engg Goods Among Six Focus Sectors for $1 T Exports Target

Analysis of India’s Export Promotion Plan Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article discusses India’s ambitious export promotion plan to achieve $1 trillion of outbound shipments by the year 2030. It identifies 6 focus sectors – electronics, engineering goods, textiles, marine & agriculture products,

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Grow Indigo Raises $8 m

Analysis of Agritech Startup Grow Indigo’s $8 Million Funding Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article covers Indian agritech startup Grow Indigo raising over $8 million dollars (Rs 67 crores) in a new funding round. The cumulative funds raised by the company now total

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Karnataka Bank to Raise ₹100 cr Equity from ICICI Lombard General Insurance

Analysis of Karnataka Bank’s Equity Allotment to ICICI Lombard General Insurance Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article covers private sector Karnataka Bank deciding to allot Rs 100 crore worth of shares to insurance firm ICICI Lombard General Insurance. This preferential allotment of shares

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Indiabulls Housing to Raise ₹3,693 crore via Rights Issue

Analysis of Indiabulls Housing Finance Rights Issue for Raising Rs 3693 Crores of Capital Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article covers housing finance company Indiabulls Housing Finance announcing a rights issue to existing shareholders to raise Rs 3693 crores of fresh capital. A

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Liquidity in Deficit, FIs and Cos Turn to Market Repos for Cash

Analysis of Tight Liquidity Conditions Raising Borrowing Costs for Banks and Financial Institutions in India Source and Citation: Originally reported in Economic Times on January 29, 2024 Analysis for a Layman The article explains how a cash deficit in India’s banking system has led lenders and other financial institutions to rely heavily on short-term borrowing

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