Africa

Indian currency update: Rupee touches 82.72 against dollar before closing at 82.63

Indian rupee on Friday closed at 82.63 after touching a high of 82.72 against the US dollar.

Oct 28, 2022

CM announces launch of Invest Karnataka 2022 - Global Investors' Meet in B'luru

Global Investors Meet 2022: Karnataka gears up as Modi set to inaugurate

The Karnataka government is making all preparations to make 'Invest Karnataka 2022-Global Investors Meet' -- which is just 10 days away from now

Oct 21, 2022

Nirmala Sitharaman says Rupee is NOT sliding but Dollar is strengthening; Deserves Ph.D, says Congress

Taking a jibe at Nirmala Sitharaman over her statement that Indian currency is not sliding but the dollar is strengthening, the Congress said that the Finance Minister qualifies for a PhD in Economics.

Oct 17, 2022

World Bank lowers 2023 growth forecast from 3% to 1.9%, says dangerously close to recession

World Bank lowered 2023 growth forecast from 3 per cent to 1.9 per cent for the global growth

Oct 14, 2022

Economy of every country is slowing; India defies odds [see how]

According to IMF, India is to grow at 6.1% in 2023, making it the world's fastest among major economies. Read to know more.

Oct 12, 2022

British pound. (File: Xinhua/Then Chih Wey/IANS)

British Pound falls sharply after Bank of England gives bond-buying end date

The British pound has fallen sharply against the dollar after Bank of England Governer Andrew Bailey warned that it would not extend its emergency intervention in financial markets beyond this week, after the turmoil sparked by the governments mini-budget.

Oct 12, 2022

IDBI Bank Disinvestment: Govt invites bids for buyers

According to the conditions of the EoI, private sector banks, non-banking finance companies (NBFCs), foreign banks and even alternative investment funds registered by SEBI can bid for IDBI Bank.

Oct 8, 2022

Siddaramaiah slams Centre for permitting areca nut import from Bhutan

K'taka areca nut farmers in distress, Siddaramaiah slams Centre over imports from Bhutan

The areca nut growers are already in distress because of various diseases attacking the crop and areca trees. During this difficult hour, the central government has betrayed them, he said

Oct 7, 2022

Global regulator for banks red-flags crypto-assets such as Bitcoin

Cryptocurrency: 51% of daily Bitcoin volume changing hands on crypto exchanges is fake, says report

According to data provided by niche news publisher BanklessTimes.com, the majority of this fake Bitcoin volume is due to wash trading.

Oct 6, 2022

JPMorgan refuses to include India in widely-followed bond index; here's why

JPMorgan's decision to not include the bonds was due to investor concerns about India's market infrastructure, according to a person familiar with the matter.

Oct 6, 2022

Stampede at football match in Indonesia, death toll reaches 174

Stampede at football match in Indonesia turns deadly; death toll reaches 174 [details]

The incident took place after police tear-gassed supporters who invaded the pitch late on Saturday evening, BBC reported.

Oct 2, 2022

RBI hikes repo rate by 50 basis points, pegs inflation at 6.7%; Economic growth at 7%

The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation.

Sep 30, 2022

Reliance Retail Launches Premium Fashion Store 'AZORTE', Offering Smart Trial Rooms and Self-Checkout Kiosks

The new fashion store will transform the way Indians shop for premium international and contemporary Indian fashion merchandise.

Sep 29, 2022

Sunil Chhetri, Captain Fantastic: FIFA honours India football captain with series on his career

FIFA, the governing body of world football, has honoured Indian football team captain Sunil Chhetri by releasing a three-part series on his life and career.

Sep 28, 2022

Cabinet approves 'Dearness Allowance' hike by 4%

In a festival bonanza for lakhs of Central government employees and pensioners, the Union Cabinet on Wednesday gave it's clearance for release of additional installment of Dearness Allowance and Dearness Relief at 4 per cent.

Sep 28, 2022

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