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NewsBytes

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The Fortune Global 500 is the list of the top 500 corporations in the world based on their revenue. In the 2022 edition of the list published by Fortune magazine, nine companies from India have found their place. LIC led the pack at the 98th position.
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Being included in Fortune Global 500 list is a prestigious accomplishment for corporations. Indian companies have fared markedly better this time with LIC breaking into the top 100 & Reliance Industries, the country's biggest company by market capitalization, jumping 51 places.

The 2022 #fortuneglobal500 list saw a surprise with LIC making its first appearance. The Indian insurance giant, which launched its IPO earlier this year, posted revenue of $97.26 billion with a profit of $553.8 million. It surpassed Reliance which is placed 104th on the list.

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Rajeev Pawar

@RajeevthePawar

#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1
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#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth

On the other hand #CPI is now at 4.6%. The laxmanrekha of 4% has been breached. A mix of drought, floods and unseasonal rain is driving food prices up. Core #inflation continues to fall to 3.7% reflecting the slowdown. /2
#India #GDP #RBI #bonds #ratecut #NBFC #jobs #credit #NPA

The wisemen and women of the economy have only one mantra - Cut, Pray, Hope. When in doubt cut rates.135 bps done but transmission is limited. We are told don’t look at nominal, real rates are still high. A single large cut is required. /3
#India #CPI #GDP #RBI #bonds #inflation

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