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Business
Grim Report: India Will Recover From COVID-19 Scars Only In 2035, Says RBI
New Delhi: India will take up to 13 years to fully recover from the scars of COVID-19 pandemic, reckons the Reserve Bank of India (RBI).
The country’s central bank and the regulatory body for banking system said in its latest report that…
Subhrakant Panda-Led FICCI Delegation Pitches For Silicon Valley Investment In India’s Digital…
San Francisco: A FICCI delegation, led by its Senior VP and IMFA MD Subhrakant Panda, completed a 3-day visit to San Francisco on April 26 during which a roundtable on ‘Investing in India’s Digital Revolution’ was organized along with…
Gautam Adani Edges Out Warren Buffet To Become 5th Richest In World
New Delhi: Gautam Adani, Chairman of Adani Group, became the fifth richest man in the world leaving behind ace investor and Berkshire Hathaway chairman, Warren Buffett, according to Forbes’ real-time billionaires list.
Adani’s net worth…
Reliance Calls Off Multi-Crore Deal With Future Group; Know The Reason
Mumbai: Reliance Industries Ltd (RIL) takeover of Future Group is not materializing.
Secured creditors of Future Group have voted against RIL acquiring Kishore Biyani-led group’s retail, wholesale, logistics and warehousing assets. Hence…
SBI Hikes Lending Rate; Loans, EMIs To Get Costlier
New Delhi: Home, auto and personal loans and EMIs will now become costlier with the State Bank of India (SBI) raising the lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent.
The hike, which comes into effect from April 15, will…
ED Attaches Amway India Assets Worth Rs 757.77 Crore; Know Why
New Delhi: The Enforcement Directorate (ED) on Monday provisionally attached assets worth Rs 757.77 crore belonging to Amway India Enterprises Pvt. Ltd. in a money-laundering case.
The FMCG firm, which sells health, beauty and home care…
India’s Wholesale Inflation Rises To A Record High Of 14.55%
New Delhi: The wholesale price-based inflation shot to a record-high of 14.55 per cent (Provisional) compared to 7.89 per cent during the corresponding period last year.
This is the 12th consecutive month when WPI inflation remained in…
Russia’s Ukraine Invasion: World Bank Cuts India Growth Forecast
New York: The World Bank on Wednesday cut its economic growth forecast for India and the entire South Asian region on Wednesday.
Citing worsening supply bottlenecks and rising inflation risks caused by Russia’s invasion of Ukraine, World…
Paytm Payments Bank Barred From Onboarding New Customers; Know Why
New Delhi: The Paytm Payments Bank has been barred from opening any new accounts because of ‘material supervisory concerns’ observed in the bank.
“Reserve Bank of India has today, in the exercise of its powers, inter alia, under section…
Former NSE Chief Chitra Ramakrishna Faces Arrest
New Delhi: Former National Stock Exchange (NSE) MD and CEO Chitra Ramkrishna faces arrest in the NSE-Himalayan Yogi case after her anticipatory bail was rejected by a special CBI court on Saturday.
The CBI, probing Chitra’s link with a…