The rupee climbed to open at 82.78 on Thursday in early trades against a dollar after the previous close of 82.84 at the interbank foreign exchange market. The strengthening is attributed to a weak greenback in the foreign markets and early rises in domestic equity markets. Markets opened in greenContinue Reading
Pakistan’s central bank has lowered its projected GDP growth estimates for the cash-strapped country from the previously announced range of 3-4 per cent for the current fiscal year, citing flood-induced destruction and the stabilisation policy. The State Bank of Pakistan’s (SBP) flagship economic health report released on Wednesday said economicContinue Reading
Indian Oil Corporation (IOC), the nation’s largest oil firm, has selected Reliance Jio’s managed network services to connect a fifth of its petrol pump network. Jio will connect 7,200 IOC sites with SD-WAN managed service solution, zero-touch provisioning and 24×7 real-time monitoring, the firm said in a statement Thursday. “JioContinue Reading
FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange. Bankman-Fried, 30, was arrested last week in the Bahamas, where he lived and where FTX is based, afterContinue Reading
Many multinational CEOs like to close out the year with a message of congratulations. Tencent Holdings Ltd.’s billionaire co-founder Pony Ma delivered a no-holds-barred rant about slacking, oblivious and even corrupt employees. Ma’s tirade marked a rare show of frustration for the usually mild-mannered mogul who helped create China’s largestContinue Reading
Published on Dec 22, 2022 03:38 PM IST Market closing: Sensex slumps over 200 points to end day at 60,826, Nifty in red at 18,127. Sensex slumps over 200 points to end day at 60,826, Nifty in red at 18,127. (BSE).(REUTERS) Market closing: Sensex slumps over 200 points to endContinue Reading
Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country’s prime minister. “We will continue to support civil aviation growth and deepen our industrial footprint in India,” Faury said on Twitter alongside a photograph of his meeting with India’s PrimeContinue Reading
Published on Dec 22, 2022 09:20 AM IST Markets open in green: Sensex at 61,257, Nifty around 18,300. The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai. Representational Image(PTI) Markets open in green: Sensex at 61,257, Nifty around 18,300. ABOUT THE AUTHORContinue Reading
Bloomberg | | Posted by Singh Rahul Sunilkumar Reserve Bank of India Governor Shaktikanta Das warned that failing to regulate cryptocurrencies could ignite the next financial crisis and urged the adoption of a new e-Rupee for digital banking needs. “Cryptocurrency has certain huge inherent risks for our macroeconomic and financialContinue Reading
Twitter Inc. boss Elon Musk said the platform was on course to hit $3 billion of negative cash flow prior to the recent round of severe cost-cutting. “That is why I spent the last five weeks cutting costs like crazy,” Musk said during a Twitter Spaces hosted late Tuesday. “ThisContinue Reading