Economy News

Indian, Saudi and South African banks to post larger increase in margins in FY23: Moody's

Banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23, said rating agency Moody's.

Jun 27, 2022

VC firm Backstage Capital cuts workforce; Startups lay off 20,000 since April

Several tech startups have laid off over 20,000 employees the world over since April, while more than 10,000 have lost jobs in India led by edtech platforms.

Jun 27, 2022

Bitcoin bounces back, reclaims $20,000-range, experts warn of bull trap potential

The last couple of months have not been up to the mark and the market has witnessed Billion of Dollars being wiped out of the total cryptocurrency market cap, and reports have suggested that further more losses are waiting at the horizon.

Jun 22, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI raises repo rate by 50 bps; Highlights

The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this financial year.

Jun 8, 2022

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on Wednesday.

Jun 8, 2022

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

Myanmar bank blacklists 137 companies for violating regulation

The Central Bank of Myanmar (CBM) has added 137 more companies to a blacklist for failing to deposit export earnings into accounts in domestic banks within the prescribed periods.

Jun 4, 2022

Biden wishes Musk "lots of luck" on SpaceX trip to Moon as Tesla decides to cut 10% workforce

US President Joe Biden has wished Elon Musk "lots of luck" for his trip to the Moon, as the Tesla CEO expressed "super bad feeling" about the economy and decided to cut its workforce by 10 per cent.

Jun 4, 2022

EPFO payroll data: EPFO adds 15.29 lakh net subscribers during the month of January, 2022

Govt reduces PF rates further to 8.1% in FY2022, a four-decade low

At 8.1 per cent rate of interest on employees' provident fund deposits for FY22, the interest rate would be the four-decade low

Jun 4, 2022

Analysis: Indo-Pacific Economic Framework Initiative - a game changer

The 21st century, being described as the "Century of Asia", has seen emergence of several regional trading groups.

May 28, 2022

GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss

The General Insurance Corporation of India (GIC Re) closed last year with a higher after tax profit and gross premium income.

May 28, 2022

Reserve Bank of India's balance sheet grows by 8.46% in Fiscal year 2022

The size of the Reserve Bank of India's (RBI) balance sheet increased by 8.46 per cent as on March 31, 2022, mainly reflecting its liquidity and foreign exchange operations during the entire fiscal year.

May 27, 2022

gst, gst on services, gst service tax, service tax at 15%, gst service tax 18%, , india gdp, india gdp composition

Moody's slashes India's GDP projection further down to 8.8% from 9.1%, here's why

Moody's Investors Service has slashed India's GDP projection to 8.8 per cent for 2022, from 9.1 per cent estimated previously, citing the prevailing high inflation in the country.

May 27, 2022

Andhra Pradesh's pavilion at Davos to highlight investment opportunities

Andhra Pradesh's pavilion at the World Economic Forum (WEF) annual meeting at Davos will highlight the investment opportunities.

May 20, 2022

Uber India hikes fares, to pay drivers daily; Consumers at receiving end

Uber taxi has hiked ride fares and decided to make a daily pay process for drivers

May 20, 2022

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Economy News

Indian, Saudi and South African banks to post larger increase in margins in FY23: Moody's

VC firm Backstage Capital cuts workforce; Startups lay off 20,000 since April

Bitcoin bounces back, reclaims $20,000-range, experts warn of bull trap potential

RBI raises repo rate by 50 bps; Highlights

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

RBI's monetary policy meet: Some expectations from the ongoing meet

Myanmar bank blacklists 137 companies for violating regulation

Biden wishes Musk "lots of luck" on SpaceX trip to Moon as Tesla decides to cut 10% workforce

Govt reduces PF rates further to 8.1% in FY2022, a four-decade low

Analysis: Indo-Pacific Economic Framework Initiative - a game changer

GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss

Reserve Bank of India's balance sheet grows by 8.46% in Fiscal year 2022

Moody's slashes India's GDP projection further down to 8.8% from 9.1%, here's why

Andhra Pradesh's pavilion at Davos to highlight investment opportunities

Uber India hikes fares, to pay drivers daily; Consumers at receiving end

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react