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Day: September 19, 2022

India, Saudi Arabia discuss starting rupee-riyal trade

India, Saudi Arabia discuss starting rupee-riyal trade

September 19, 2022 0

India and Saudi Arabia have discussed the possibility of starting a rupee-riyal trade as part of efforts to boost economic ties between the nations, the […]

CBI files charge sheet against Rana Kapoor, Gautam Thapar in Yes Bank fraud

CBI files charge sheet against Rana Kapoor, Gautam Thapar in Yes Bank fraud

September 19, 2022 0

The CBI has filed a charge sheet against former chief executive and managing director of Yes Bank Rana Kapoor as well as Avantha Group promoter […]

India spending forex reserves at quicker pace than during taper tantrum

India spending forex reserves at quicker pace than during taper tantrum

September 19, 2022 0

The Reserve Bank of India (RBI) is using up its foreign exchange reserves at a quicker pace than during the taper-tantrum period in 2013 as […]

Adani’s ascent boosts India’s clout in emerging-market equities

Adani’s ascent boosts India’s clout in emerging-market equities

September 19, 2022 0

Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since […]

Ride-hailing firm Ola to cut 10% engineering jobs

Ride-hailing firm Ola to cut 10% engineering jobs

September 19, 2022 0

Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company […]

Govt kickstarts sale process of 2 subsidiaries of Air India

Govt kickstarts sale process of 2 subsidiaries of Air India

September 19, 2022 0

A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January […]

Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation

Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation

September 19, 2022 0

The Reserve Bank of India could raise interest rates by 50 basis points at its upcoming policy review, thanks to stubbornly high inflation and the […]

Professor behind $12 billion empire fuels China’s tech rise

Professor behind $12 billion empire fuels China’s tech rise

September 19, 2022 0

He was among about 40 honorees chosen by the Shenzhen government in 2020 for their role in helping transform the once sleepy fishing village into […]

Discounted Russia crude gives India Rs 35,000 crore gain

Discounted Russia crude gives India Rs 35,000 crore gain

September 19, 2022 0

India is estimated to have gained Rs 35,000 crore by importing Russian crude at discounts since the Ukraine conflict began in February, people in the […]

IBBI allows bankrupt companies to be split, boost for recovery of due

IBBI allows bankrupt companies to be split, boost for recovery of due

September 19, 2022 0

Regulatory agency Insolvency & Bankruptcy Board of India (IBBI) has allowed splitting of companies to attract more participants into the corporate resolution process as it […]

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