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Day: August 22, 2022

Lenders to debt-ridden Future Retail submit loan claims of $2.64 billion

Lenders to debt-ridden Future Retail submit loan claims of $2.64 billion

August 22, 2022 0

Lenders to Future Retail Ltd have submitted loan claims of about $2.64 billion under the ongoing insolvency process, according to a document released on the […]

Infosys reduces average variable pay to 70% for June quarter

Infosys reduces average variable pay to 70% for June quarter

August 22, 2022 0

According to the sources, Infosys has reduced variable payout for the June quarter or Q1 FY23 to about 70 per cent and the employees have […]

Wall St slumps more than 1% on fears of aggressive Fed

Wall St slumps more than 1% on fears of aggressive Fed

August 22, 2022 0

Wall Street’s main indexes tumbled more than 1% on Monday in a dour start to the week as investors worried about hawkish signals from Federal […]

Markets looking for clarity but tuning out Fed message

Markets looking for clarity but tuning out Fed message

August 22, 2022 0

In the battle to contain red-hot inflation, which topped nine percent in June, the Fed has hiked rates four times, including massive, three-quarter point increases […]

Sensex tanks 872 points, Nifty settles at 17,491: Top reasons

Sensex tanks 872 points, Nifty settles at 17,491: Top reasons

August 22, 2022 0

Equity indices plunged for the second straight session on Monday with the benchmark BSE sensex falling over 850 points amid selloff across sectors.The 30-share BSE […]

India may import wheat in blow to PM Modi’s goal to feed world

India may import wheat in blow to PM Modi’s goal to feed world

August 22, 2022 0

Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, […]

Rupee inches towards record low on yuan weakness

Rupee inches towards record low on yuan weakness

August 22, 2022 0

The rupee was trading lower versus the dollar on Monday as China’s yuan led a broader decline in Asian currencies on concerns over the Federal […]

Prices of raw materials dip, give auto companies hope

Prices of raw materials dip, give auto companies hope

August 22, 2022 0

Raw material prices are beginning to soften after nearly 20 months of rising relentlessly. This has allowed auto companies, both vehicle makers as well as […]

Paytm founder gets nearly 100% votes to remain MD

Paytm founder gets nearly 100% votes to remain MD

August 22, 2022 0

Around 99.7% of the shareholders of Paytm’s parent, One97 Communications, have voted in favour of a resolution to reappoint Vijay Shekhar Sharma as MD & […]

‘There’s room for all in retail loan market’

‘There’s room for all in retail loan market’

August 22, 2022 0

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