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Day: September 15, 2022

State Bank opening rupee accounts for trade with Russia

State Bank opening rupee accounts for trade with Russia

September 15, 2022 0

State Bank of India (SBI), the country’s largest lender, is opening special rupee accounts to handle Russia-related trade settlements in the local currency but is […]

Explained: Why depreciating rupee hasn’t boosted India’s exports

Explained: Why depreciating rupee hasn’t boosted India’s exports

September 15, 2022 0

According to rating agency Crisil, the export growth rates in July and August reflect ‘a steep fall’ from the 27% growth in the first quarter […]

Reliance Retail seeks shareholders’ nod for doubling borrowing limit

Reliance Retail seeks shareholders’ nod for doubling borrowing limit

September 15, 2022 0

Reliance Retail Ltd has sought shareholders’ approval for doubling its borrowing limit to Rs 1 lakh crore. The proposal will be put up before the […]

Tatas set five-year target to transform Air India into world class airline

Tatas set five-year target to transform Air India into world class airline

September 15, 2022 0

Air India has set a target of transforming over the next five years into a comfortable and punctual world class airline with a larger domestic […]

Air India puts in place transformation plan; aims 30% market share

Air India puts in place transformation plan; aims 30% market share

September 15, 2022 0

Under the plan, the focus will be on dramatically growing both its network and fleet, developing a completely revamped customer proposition and improving reliability and […]

Saudi overtakes Russia to be India’s second-biggest oil supplier in Aug

Saudi overtakes Russia to be India’s second-biggest oil supplier in Aug

September 15, 2022 0

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top […]

Trend of oil exports to India will continue: Russia

Trend of oil exports to India will continue: Russia

September 15, 2022 0

The trend of crude oil supply to India will continue, and bilateral trade will strike new records, said Russian Ambassador to India, Denis Alipov, in […]

Fitch lowers India’s FY23 GDP growth forecast to 7% from 7.8%

Fitch lowers India’s FY23 GDP growth forecast to 7% from 7.8%

September 15, 2022 0

Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday that it would cut the country’s gross domestic […]

Rice exports set to fall 25% as levy make shipments expensive

Rice exports set to fall 25% as levy make shipments expensive

September 15, 2022 0

Late last week, the world’s biggest exporter of the grain banned shipments of broken rice and imposed a 20% duty on exports of various other […]

Trade deficit more than doubles to $28 billion in August

Trade deficit more than doubles to $28 billion in August

September 15, 2022 0

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