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India’s forex kitty declines by $1.32 bn to $593.75 bn, shows RBI data
Business

India’s forex kitty declines by $1.32 bn to $593.75 bn, shows RBI data

Posted on: June 16, 2023

[ad_1] India’s forex reserves edge towards $600 billion, hit near 1-year high RBI’s forex reserves rise for fifth straight week to $564.07 billion MPC lowers projection for inflation, […]

Bank of Japan keeps low rates and dovish guidance, markets not so sure
Business

Bank of Japan keeps low rates and dovish guidance, markets not so sure

Posted on: June 16, 2023

[ad_1] The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus […]

India pitches for a rating upgrade with Moody’s, questions methodology
Business

India pitches for a rating upgrade with Moody’s, questions methodology

Posted on: June 16, 2023

[ad_1] India on Friday made a strong pitch for a sovereign rating upgrade with Moody’s and also questioned the parameters based on which the US-based agency accords ratings, […]

TCS, Transamerica end $2 billion contract due to macro environment
Business

TCS, Transamerica end $2 billion contract due to macro environment

Posted on: June 16, 2023

[ad_1] TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts TCS Q4 Preview: Revenue may rise up to 18% YoY; EBIT margin seen at 25% Here’s […]

Micron Tech nears $1 billion investment in India’s chip packaging plant
Business

Micron Tech nears $1 billion investment in India’s chip packaging plant

Posted on: June 16, 2023

[ad_1] India’s semiconductor market to touch $64 bn by 2026: Counterpoint-IESA Micron Technology announces layoffs, cost cutting as chip demand drops Centre announces $2 bn investment in Mohali’s […]

India, China bought 80% of Russia’s heavily discounted oil in May: IEA
Business

India, China bought 80% of Russia’s heavily discounted oil in May: IEA

Posted on: June 16, 2023

[ad_1] India and China, the world’s top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the […]

Wilful defaulters may get loan after five years of compromise settlement
Business

Wilful defaulters may get loan after five years of compromise settlement

Posted on: June 16, 2023

[ad_1] RBI to come up with new rules on classification of accounts as fraudulent Top 50 wilful defaulters in India owe Rs 92,570 crore to banks: MoS Karad […]

Go First hopes to resume ops by month-end, restores 94% of daily flights
Business

Go First hopes to resume ops by month-end, restores 94% of daily flights

Posted on: June 16, 2023

[ad_1] Southwest Airlines cancels more flights, draws federal investigation India’s airline sector on to a smooth flight despite air pocketsr Go First may be grounded, but IndiGo is […]

Asian indices higher; ECB raises rates to 22-year high
Business

Asian indices higher; ECB raises rates to 22-year high

Posted on: June 16, 2023

[ad_1] STOCK MARKET LIVE: Benchmark indices Sensex and Nifty could start with slim gains on Friday on a positive handover from global markets overnight. At 7:15 am, […]

NCLT approves appointment of Ajmera as Resolution Professional of Go First
Business

NCLT approves appointment of Ajmera as Resolution Professional of Go First

Posted on: June 16, 2023

[ad_1] The Insolvency Tribunal NCLT on Thursday approved the decision of lenders of Go First to appoint Shailendra Ajmera as the Resolution Professional of the company. […]

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