With the global economy – already struggling with the war in Ukraine and stagflation risks – worried about the impact of another Covid-19 outbreak in China, India Inc is cautiously optimistic that the resilience of the Indian economy will help avoid any large-scale disruptions. Subhrakant Panda, the newly-appointed president ofContinue Reading
More than 50 per cent of the borrowers in India have preferred EMI cards during shopping or for any credit purpose, a survey by Home Credit India stated. The How India Borrows 2022 study was conducted across 16 cities including Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Lucknow, Patna, Ranchi and Chandigarh.Continue Reading
RBI Governor Shaktikanta Das on Wednesday replied to the ‘history major central bank governor’ taunt faced by him, questioning if Argentinian football legend Lionel Messi is also a post-graduate in history. An interviewer anchoring a fireside chat at a summit organised by Business Standard compared his position to an opponentContinue Reading
To promote the ease of doing business, markets regulator Sebi on Tuesday approved amending share buyback norms, strengthening governance framework for stock exchanges and tweaking regulations to promote sustainable finance options. Reduction in time taken for registration of Foreign Portfolio Investors (FPIs), introduction of Investor Risk Reduction Access Platform toContinue Reading
China’s broad budget deficit hit a record so far this year, showing how damaging the now abandoned Covid Zero policy and the ongoing housing slump have been to the economy and to the government’s finances. The augmented fiscal deficit was 7.75 trillion yuan ($1.1 trillion) in January to November, accordingContinue Reading
Elon Musk is actively searching for a new chief executive officer for Twitter Inc., CNBC’s David Faber reported, after the billionaire lost a straw poll he posted on the social media site that asked users whether he should relinquish his role as head of the company. More than 10 millionContinue Reading
Markets opening bell: Sensex opens in red at 61,515; Nifty at 18,326 ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and globalContinue Reading
Rupee on Tuesday fell by 11 paise to 82.73 against the US dollar early on Tuesday. According to forex traders, the domestic currency fall was restricted due to greenback against major rivals overseas. The rupee had opened at 82.69 at the interbank foreign exchange, before declining by 11 paise, PTIContinue Reading
Reuters | | Posted by Lingamgunta Nirmitha Rao Indian banks have written off loans worth over 10 trillion rupees ($121.05 billion) in the last five financial years in an attempt to clean up their balance sheets, according to the federal government. State Bank of India, the country’s largest lender, leadsContinue Reading
“Doesn’t make sense,” is all Jack Dorsey, the former big boss at Twitter, could muster up. He must be wondering where it all went so wrong, since he left the CEO’s chair at the social media company. This certainly isn’t the new direction he envisioned for Twitter, did he? InContinue Reading