Pakistan’s central bank tightens currency movement

The State Bank of Pakistan (SBP) has taken stringent measures to tighten currency movement within the country amid depreciation of the national currency following the grey-listing of Pakistan by... Read more »

Karnataka to simplify investment process for industries

Karnataka would simply the investment process to enable investors set up industries in diverse verticals across the state, Chief Minister HD Kumaraswamy said on Saturday. “Our intention is to... Read more »

Mukesh Ambani re-appointed RIL Managing Director

Shareholders of Reliance Industries (RIL) have re-appointed Mukesh D Ambani as the company’s Managing Director for a period of five years commencing from April 19, 2019. According to a... Read more »

US dollar declines amid jobs data

The US dollar went down as investors were sifting through the latest jobs data from the country. In late New York trading on Friday, the euro was up to... Read more »

Will NAMO bring back Vijay Mallya, NiMo, Umesh Parekh and other fraudsters?

The promulgation of the Fugitive Economic Offenders Ordinance 2018 which provides for confiscating properties and assets of economic offenders including loan defaulters who flee the country and the rigorous... Read more »

UBI looks at Rs 3,000 cr recovery, expects to turn profit this fiscal

State-run United Bank of India (UBI), which received about Rs 676 crore from two stressed accounts through resolution in the NCLT, is expecting to recover Rs 3,000 crore in... Read more »

‘Govt acknowledges need for simplification of GST rates, slabs’

Amid demands of rationalisation of the GST rates and reduction in the number of tax slabs, the government on Friday acknowledged this was necessary but added it could not... Read more »

India’s Forex reserves deplete by $1.75 bn

India’s foreign exchange (Forex) reserves depleted by $1.75 billion during the week ended June 29, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly... Read more »

RIL launches JioGigaFiber, rolls out plans for hybrid online-offline retail model

Riding high on Jio tide, Reliance Industries (RIL) Chairman and Managing Director Mukesh  Ambani on Thursday said the company has doubled its subscriber base to 215 million in 22... Read more »

Vedanta delisting will not impact credit profile: Moody’s

The proposed delisting of the Anil Aggarwal-led Vedanta Resources from the London Stock Exchange will have no immediate impact on its credit profile, although cash extraction risks remain from... Read more »