Mumbai, August 27 India’s forex reserves fell by $6.687 billion to $564.053 billion in the week ending August 19, the RBI’s weekly statistical data showed. “India’s forex reserves dipped to USD 564bn as on August 19, lowest since October 2020. The main reason behind this fall is dip in foreign current assets which the RBI […]
Industries in Goa will soon be allowed to set up manufacturing facilities, based on self-declarations, to cut down the red-tape involved in processing licences and getting clearance from government agencies, state Industries Minister Mauvin Godinho said on Monday. Panaji, Industries in Goa will soon be allowed to set up manufacturing facilities, based on self-declarations, to […]
Treating Elon Musk’s $43 billion offer to buy Twitter as an “unwelcome” step, the board of the company is reportedly considering a “poison pill” strategy to make it more difficult for Musk to acquire a larger stake in the micro-blogging platform and avoid a hostile takeover. San Francisco/New Delhi, April 15 (IANS) Treating Elon Musk’s $43 […]
Pakistans stock markets made history on Monday as the KSE-100 index posted a historic single-day gain, Geo News reported. Karachi, April 11 Pakistans stock markets made history on Monday as the KSE-100 index posted a historic single-day gain, Geo News reported. The bulls dominated trading at the Pakistan Stock Exchange (PSX) on Monday as the […]
E-commerce giant Amazon is trying to illegally enter India’s physical retail market via its deal with the Future Group companies, the Confederation of All India Traders (CAIT) said in its appeal to NCLAT. New Delhi, April 1 E-commerce giant Amazon is trying to illegally enter India’s physical retail market via its deal with the Future […]
Indian-American Raj Subramaniam has become the President and CEO of FedEx, the US-based multinational transportation and courier delivery giant has announced. Subramanian would replace Frederick W. Smith, chairman and CEO, who will step down on June 1. “As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy […]
The annual salary of South Korean President Moon Jae-in for 2022 was set at 240.6 million won ($202,815) as the Cabinet approved the personnel and management ministry’s pay raise plan for public servants on Tuesday. According to the plan, public servants will get a 1.4 per cent raise for their salary for 2022. Prime Minister […]
Indian Oil Corporation will invest Rs 9,028 crore for setting up of a new crude oil pipeline system, with a capacity of 17.5 MMTPA, from Mundra (Gujarat) to Panipat (Haryana). Under this project, IndianOil would also build nine crude oil tanks of 60,000 KL each at Mundra, which, apart from meeting operational requirements, would also […]
Australia today signed a landmark free trade agreement with the United Kingdom that will make Australian exports to the UK cheaper, create new opportunities for workers, young people and businesses and further strengthen the special relationship between our two countries. This is the most comprehensive and ambitious free trade agreement that Australia has concluded, other […]
Global debt rose to a record $226 trillion in 2020 as the world was hit by the raging Covid-19 pandemic and a deep recession, the International Monetary Fund (IMF) announced. Global debt rose by 28 percentage points to 256 per cent of gross domestic product (GDP) in 2020, the largest one-year debt surge since World […]