8 May 2024

RBI’s new rules for infra loans impact banking and infra sectors, affecting investors and retail alike. Source and Citation: Samant, Shilpa; Tiwari, Dheeraj; Rebello, Joel. “Govt Takes Closer Look at Infra Loans Proposal.” The Economic Times, 8 May 2024. TLDR For This Article: The Reserve Bank of India’s draft guidelines call for higher provisioning in […]

Wipro’s new CEO Srinivas Pallia shares strategic plans through townhalls and Q&As after a month. Source and Citation: Bakshi, Sameer Ranjan. “A Month on, Wipro CEO has Townhalls, Q&As on Checklist.” The Economic Times, 8 May 2024. TLDR For This Article: Wipro’s new CEO Srinivas Pallia outlines his five-point strategy to drive growth and regain

PFC considers lending to Shapoorji Pallonji Group amidst debt challenges and Tata Sons shareholding issues. Source and Citation: Bhalla, Mohit. “PFC Seeks Legal View on SP Promoters’ ₹15kcr Loan Ask.” The Economic Times, 8 May 2024. TLDR For This Article: Power Finance Corp (PFC) seeks legal advice on a ₹15,000 crore loan to the Shapoorji

Google defends Play Store policies amid anti-competitive accusations by the Competition Commission of India. Source and Citation: Kumar, Suryash. “Google Contends Its App Store Doesn’t Abuse Dominance.” The Economic Times, 8 May 2024. TLDR For This Article: Google defends its Play Store practices, contending that its billing system doesn’t abuse market dominance while facing a

Pro-Palestine protests at US universities could deter Indian students, impacting education and tech sectors. Source and Citation: Verma, Prachi. “Indian Students Jittery Over Pro-Palestine Protests in US Univs.” The Economic Times, 8 May 2024. TLDR For This Article: Pro-Palestine protests at US universities make Indian students apprehensive about safety and online classes, potentially impacting study-abroad

Mumbai HC grants bail to IFIN CEO Ramesh Bawa amid investigations into IL&FS fraud allegations. Source and Citation: ET Bureau. “HC Grants Bail to IFIN Chief Executive Bawa.” The Economic Times, 8 May 2024.  TLDR For This Article: Mumbai High Court grants bail to IFIN CEO Ramesh Bawa amid health concerns, as SFIO and ED

Tesla’s pullback on EV charger installations shifts pressure to other companies to build charging networks. Source and Citation: New York Times. “Tesla Pullback Puts Onus on Other Cos to Build EV Chargers.” The Economic Times, 8 May 2024.  TLDR For This Article: Tesla’s sudden decision to cut its EV charger team raises questions about whether

India’s new onion export policy aims to stabilize prices but might have limited impact on exports. Source and Citation: ET Bureau. “Of Onion Economics & Politics: Peeling the Many Layers.” The Economic Times, 8 May 2024.  TLDR For This Article: India’s new onion export policy includes a minimum export price and duty, influencing domestic prices

Supreme Court holds celebrities and influencers liable for misleading ads, impacting advertising and endorsement industries. Source and Citation: Bhan, Indu. “Celebs and Influencers will be Held Liable for Misleading Ads, warns SC.” The Economic Times, 8 May 2024.  TLDR For This Article: The Supreme Court has declared celebrities and influencers responsible for deceptive ads, impacting

FMCG shares rally up to 10%, hinting at a catch-up rally amid positive management guidance. Source and Citation: Periwal, Nikita. “FMCG Shares Rise up to 10%, Hint at ‘Start of a Catch-up Rally’.” The Economic Times, 8 May 2024. TLDR For This Article: FMCG shares gain up to 10%, hinting at a catch-up rally driven