Topics: Finance News

OECD: Global economy to shrink by 6% in 2020

Organization for Economic Co-operation and Development (OECD) Secretary-General Jose Angel Gurria said, "The global economy will decrease at least six percent this year due...

“Opportunity for India to bring back manufacturing industries from China,” says Uday Kotak

The president of the Confederation of Indian Industry (CII) Uday Kotak on Saturday shared a 10 points agenda to revive the economy. During the conference...

SBI Chairman Rajnish Kumar jibe at pay cut remark: Will have to live on the street

Taking a jibe on the possible pay-cut remark for their leadership teams, State Bank of India (SBI) chairman Rajnish Kumar said, "Road pe aake...

Government launches PM SVANidhi scheme to help 50 lakh street vendors

Prime Minister Narendra Modi led - Government of India has announced the launch of 'PM Street Vendors Atmanirbhar Nidhi (PM SVANidhi)' scheme a special...

IDFC First Bank launches video-based KYC facility for customers to open new savings accounts

India-based private bank IDFC First Bank has introduced its video-based KYC facility so that customers can open new savings accounts without the need to...

Suryoday Small Finance Bank Ltd raises $8.2 million from Gaja Capital, Kotak Mahindra Life Insurance, Lok Capital and others

Mumbai-based small finance lender Suryoday Small Finance Bank Ltd has raised $8.2 million in private equity funding from its existing investors. The new round of...

Indiabulls Housing Finance secures Rs 1,030 crore through issuance of bonds

Indiabulls Housing Finance Ltd has raised Rs 1,030 crore through issuance of bonds on a private placement basis. In a filing with the stock exchange,...

Coronavirus Update: PM Modi announces Rs 20 lakh crore economic stimulus package

Addressing the nation on the coronavirus lockdown, Prime Minister Narendra Modi on Tuesday announced the economic stimulus package worth Rs 20 lakh crore. PM Modi...

Coronavirus Pandemic: G20 agrees to temporary pause debt payments for poorest countries

The Group of 20 nations (G20) has announced to temporary pause to debt payments by the world's poorest nations as they struggle to deal...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...

Innovative “Eco-Business Park” To Be Built In Canadian City

The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster...

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...

Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25...

Ashok Leyland adds more stakes in Hinduja Leyland Finance

India's leading automaker Ashok Leyland has acquired an additional stake in Hinduja Leyland Finance. In a filing with BSE on Thursday, Ashok Leyland said, "The...

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...

COVID-19: Bank of Japan sees deeper economic pain, even after emergency easing

The Bank of Japan expanded monetary stimulus in an unscheduled policy meeting on March 16 to ease corporate funding strains and calm financial markets...

YESBankCrisis: ED summons Anil Ambani in money laundering probe

Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor...

Market Analysis by Abhishek Goenka, “Fed obliges the president; cuts rates to zero”

Just three days before the policy, the US Fed has cut overnight Federal funds rate by 1% to 0-0.25% range. It has also announced USD...

TG TV: Lagarde says “COVID-19 will have a significant impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant impact on economic...

Coronavirus Update: Government of Hong Kong to give big cash handouts as economy reels from virus

The Hong Kong government on February 26 said it will give HK$10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start...

Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India's leading newspaper,...

What is Expression of Interest that strategic financial buyer uses for buying tender

EOI or Expression of Interest is an application that a strategic financial buyer uses for buying a tender. The investment bankers are usually requested...

RBI approves shareholding dilution plan of Kotak Mahindra Bank’s promoters

The Reserve Bank of India on Tuesday approved the shareholding dilution plan of Kotak Mahindra Bank's promoter. In a filing with the stock exchange, the...

India to offer 2,400 hectares of Kashmir land in planned business summit

India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May...

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