New Delhi, Feb 24 (PTI) Fitch Ratings on Thursday said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory. In its report 'What Investors Want to Know: Indian Sovereign and Financial Institutions in 2022', it said financial institutions face an uneven recovery due to lingering asset-quality risks and [...]
New Delhi, Feb 24 (PTI) Markets were awash in red and the Indian currency slumped against the dollar on Thursday amid Russia's attack on Ukraine pushing investors to seek refuge in safe-haven assets. Gold as well as crude oil prices surged, with the latter even crossing the USD 102 per barrel mark. Domestic stock market [...]
Mumbai, Feb 24 (PTI) International Tractors Ltd (ITL) on Thursday announced the launch of its YM3 series of tractors under the Solis Yamnar brand with two models -- YM 342A and YM 348A, in the domestic market. The new YM3 series is fully tailored as per Indian farmer requirements and is designed for the local [...]
New Delhi, Feb 24 (PTI) The government will undertake a detailed evaluation of applications it has received in response to the mega semiconductor scheme and expects to complete the entire process and sign agreements with companies in the next 8-10 months, according to Union Minister for Electronics and IT Ashwini Vaishnaw. Vaishnaw said he is [...]
Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'. Airtel aims to deploy Aqilliz's blockchain technologies at scale across its fast growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings. "Bharti Airtel...has acquired [...]
New Delhi, Feb 24 (PTI) Franklin Templeton on Thursday said it has appointed Avinash Satwalekar, currently country head of Malaysia business, as president of the India asset management company (AMC), effective June 2022. Satwalekar will relocate to India as president designate effective April 1, 2022and take over as president of the India AMC from Sanjay Sapre [...]
New Delhi, Feb 24 (PTI) Stressing the need for reducing imports of edible oils and pulses, Prime Minister Narendra Modi on Thursday asked corporates to come forward and help farmers in increasing domestic production of these essential food items. Addressing a webinar on positive impact of the Union Budget 2022 on the agriculture sector, the [...]
