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Economy
RBI says momentum in economic recovery to continue in FY23
New Delhi : India's economic recovery from the pandemic shock has sustained in FY22 and the momentum is expected to broadly continue through the ongoing FY23, though with risks of downside from the geopolitical shock and its spillovers,!-->…
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RBI’s balance sheet grows by 8.46% in FY22
New Delhi: 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.
While income for the!-->…
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Fertilizer producer Pradeep Phosphates gains on exchange debut
New Delhi: Shares of Paradeep Phosphates made a relatively firm market debut on Friday as it got listed at Rs 43.55 with a 4 per cent premium over its issue price.
The issue price was set at Rs 42 per share.
The rally didn't stop there!-->…
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Infosys hikes CEO Salil Parekh’s salary by 88% to Rs 79.75 cr per annum
New Delhi: Infosys CEO Salil Parekh's salary has been increased to Rs 79.75 crore per annum, which is 88 per cent higher from his previous salary of Rs 42.50 crore, said the company's annual report for fiscal 2022.
This makes him one of!-->…
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Global recession can stay for up to 18 months: Elon Musk
New Delhi: Breaking his silence over the current global meltdown, Tesla CEO Elon Musk on Friday said the recession the world is now experiencing owing to multiple macro-economic factors could last up to 18 months.
"Based on past!-->…
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Hero Electric scooter catches fire, company says ‘short circuit in power socket’
Bhubaneswar: A Hero Photon Electric scooter in Odisha reportedly caught fire while it was being charged and the incident has left the scooter partially damaged.
According to media reports, the incident was first reported on Wednesday,!-->…
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Indices surge in opening deals on global cues, Sensex up over 300 pts
New Delhi: Domestic equity benchmark indices extended their gains from the previous session and traded in the green during trade on Friday amid firm global cues.
Indian markets opened higher in line with Asian markets and sharply!-->…
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Gautam Adani says PM Modi’s Aatmanirbhar Bharat best way forward in new global conditions
New Delhi, May 26 (IANS) Adani Group Chairman Gautam Adani has said that as a response to global conditions, Prime Minister Narendra Modi's Atmanirbhar Bharat scheme is precisely the catalyst India needs to step up and strengthen!-->…
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CBI nabs Pune realtor Avinash Bhosale in YES Bank case
Pune : The CBI on late Thursday arrested Pune-based realtor and politician Avinash Bhosale in connection with the DHFL-Yes Bank scam case.
Bhosale is the founder of the ABIL Group, which allegedly had certain dealings with the DHFL-YES!-->…
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Godrej Director shoots off open letter to Indonesia on oil palm
New Delhi : Days after Indonesia lifted the export ban on palm oil, Godrej International Ltd Dorab Mistry on Thursday shot off an open letter to the government of the southeast Asian country - the largest palm oil exporter - warning it of!-->…
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