Shares of IT company Mindtree on Tuesday climbed 3 per cent in early trade after the firm registered a 49.1 per cent jump in consolidated net profit in the fourth quarter of FY22. The stock jumped 3 per cent to Rs 4,080 on the BSE. At the NSE, it gained 3 per cent to Rs [...]
The quiz had more than 30,000 participants from across India and the winners received iPhone 12 along with gift vouchers Bengaluru, Karnataka, India (NewsVoir) Cycle Pure Agarbathi, India’s largest selling prayer brand, concluded its first-ever Virtual Cycle Heritage Quiz 2021 as part of its quest for India’s young heritage champions. The competition recorded 30,000 plus [...]
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday held talks with IMF chief Kristalina Georgieva during which they voiced concern over the impact of the recent "geopolitical developments" on the global economy and the challenges faced by countries due to rising energy prices.Sitharaman, who arrived in Washington on Monday, met the International Monetary [...]
Mumbai, Apr 18 (PTI) Higher foreign exchange reserves have lowered the cost of foreign borrowings and also the hedging cost for companies, according to a paper published in RBI's monthly bulletin.Since 2019, the RBI has been accumulating forex reserves that peaked at USD 642.453 billion in the week ended September 3, 2021, which was more [...]
Mumbai, Apr 18 (PTI) Mumbai international airport on Monday said it witnessed 5,56,900 metric tonnes of cargo movement during the financial year 2021-22, an increase of 30 per cent from the previous fiscal. The total exports from the cargo terminal stood at 2,96,300 MT while the inbound shipments recorded at 2,60,600 MT in FY22, Chhatrapati [...]
Colombo, Apr 18 (PTI) Embattled Sri Lankan President Gotabaya Rajapaksa on Monday said he regretted the decision to ban chemical fertilisers in 2020, which resulted in massive drop in food production and large-scale protests in the country. Rajapaksa also said his government should have opted to go for an International Monetary Fund (IMF) bailout much [...]
New Delhi, Apr 18 (PTI) Capital markets regulator Sebi on Monday said it has issued operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). In August, the regulator specified the manner of recording of charges by issuers and manner of monitoring by debenture trustees, credit rating agencies and responsibilities, among others. The [...]
New Delhi, Apr 18 (PTI) Fujitsu on Monday announced the launch of a new research centre in Bengaluru as the Japanese tech titan underlined its firm commitment to India. Fujitsu currently has a significant delivery centre footprint in India, and the new research center (Fujitsu Research of India) will initially focus on Artificial Intelligence (AI) [...]
Mumbai, Apr 18 (PTI) Stating that Sri Lanka accounts for just 64 bps of India's Exim trade that crossed USD 1 trillion in FY22, a rating agency report said the deepening economic crisis in the island nation has no material impact on domestic companies.The island nation has been on the boil since March with depleted [...]
Mumbai, Apr 18 (PTI) The Reserve Bank of India (RBI) has imposed a fine of over Rs 17 lakh on non-banking finance company Manappuram Finance for violating KYC guidelines as well as norms related to prepaid payment instruments. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the [...]
