The UK government on Wednesday announced a ban on services exports to Russia over the ongoing conflict with Ukraine, cutting Moscow off any business with UK sectors such as management consultancy, accountancy and public relations. UK Foreign Secretary Liz Truss said the latest set of measures will mean Russia’s businesses can no longer benefit from [...]
The Reserve Bank's decision to hike key policy rates will impact the growth of real estate industry and may hit the housing demand, according to industry players. The Reserve Bank of India (RBI) on Wednesday hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation. It also raised [...]
Mumbai, May 4 (PTI) Hiring the right talent, upskilling and reskilling of workforce are the top priorities for India Inc this year amidst several challenges such as employee engagement, health concerns and productivity, according to a study. Hiring the right talent at the right cost remains one of the top concerns for 71 per cent [...]
NEW DELHI, May 4, 2022 /PRNewswire/ -- cKers Finance, an NBFC focused on financing sustainability and clean energy transition in India has announced a USD 1 million debt financing tie-up with Gradiant India Private Limited, a water treatment technology innovator. This facility is used to finance a 4MLD Effluent Treatment Plant setup on a Design-Build-Own-Operate-Maintain [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said recent trade agreements and geopolitical conditions open up potential market opportunities for India. Observing that India's external sector has remained resilient amidst formidable global headwinds, he said provisional data suggest that merchandise exports remained strong in April 2022 and services exports reached a new high in March [...]
Mumbai, May 4 (PTI) Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation that has remained stubbornly above target in recent months.The increase in repo rate - [...]
Colombo, May 4 (PTI) Sri Lanka's Finance Minister Ali Sabry on Wednesday hailed India's assistance during its talks with the IMF to seek a bailout to evade the country's worst economic crisis, as the island nation's usable foreign reserves dropped to less than USD 50 million. Making a speech in Parliament on the IMF negotiations [...]
Mumbai, May 4 (PTI) Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation. The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as [...]
New Delhi, May 4 (PTI) The Centre's wheat procurement is set to decline by more than half to 19.5 million tonnes in the the current rabi marketing year amid higher exports and likely fall in output, food secretary Sudhanshu Pandey said on Wednesday, and asserted there won't be any concern for meeting the domestic demand [...]
Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation that has remained stubbornly above target in recent months. The increase in repo rate - the rate at [...]
