India seeks to deepen forex markets with onshore NDFs
The Reserve Bank of India (RBI) is allowing local residents to trade non-deliverable forward (NDF) contracts through local lenders with an IFSC banking unit. Previously, […]
Month: April 2023
This is a pause, not a pivot: RBI governor on surprise hold in key rates
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
RBI keeps repo rate unchanged at 6.5%
The central bank has already increased repo rate by a total of 250 basis points since May in a bid to contain inflation, though it […]
Wall Street slips following latest signs of slowing economy
US stocks fell after reports indicated a slowing economy due to higher interest rates. The S&P 500 fell by 0.2% while the Dow Jones Industrial […]
India’s journey highlights lessons for other countries embarking on own digital transformation: IMF
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Bob Lee, Cash App founder and MobileCoin exec, slain at 43
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Employers to ask employees about preferred tax regime for deducting TDS from salary: CBDT
The Budget 2023-24 unveiled on February 1 tweaked the optional exemption-free tax regime, which is available under section 115BAC of the I-T Act to push […]
Amazon to shut down its global online bookstore as it cuts costs
Amazon will shut down global online bookstore Book Depository after almost two decades, CNN Business reported.The UK-based bookseller, bought by Amazon in 2011, announced Wednesday […]
Sensex, Nifty rally nearly 1%; key indices rise for fourth straight session
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India has trade deficit with China in electronic components, computer hardware
Some of the services in which India has a trade deficit with China include construction, telecommunication, computer and information services, maintenance and repair services, Minister […]