Business
K.V. Kamath appointed Independent Director of Reliance Industries, soon to be listed Jio Financial Services
New Delhi, Nov 4 The Board of Directors of Reliance Industries Ltd (RIL), at its meeting, held on Friday, based on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to the shareholders for approval, the appointment of K.V. Kamath as an Independent Director of the ...Air India signs agreements to acquire AirAsia India, will merge with Air India Express
New Delhi, Nov 3 Air India on Wednesday announced that it had signed agreements to complete the acquisition of 100 per cent shareholding in AirAsia India (AAI) and to subsidiaries under Air India. An operational review process is underway with a view to ultimately integrating AAI fully with Air India ...Kanpur-born CEO to invest $100 bn, create 50,000 jobs in NY
New York, Oct 28 Sanjay Mehrotra, the Indian-American CEO of Micron Technology, has promised an investment of $100 billion over the next 20 years and the creation of thousands of jobs in New York. In his LinkedIn post, Mehrotra said he met President Joe Biden and showcased Micron's future plans ...UK’s economic outlook now ‘Negative’
London, Oct 22 The UK's economic outlook has been lowered to "negative" by rating agency Moody's due to the ongoing political instability and high inflation. Moody's changed the UK's outlook, which is a marker of how likely it is to pay back debts, from "stable", the BBC reported. Rating agencies, ...Windfall tax increased on jet fuel
New Delhi, Oct 15 The Centre on Saturday increased the windfall tax or Special Additional Excise Duty (SAED) on the production of crude petroleum from Rs 8,000 per tonne to Rs 11,000 per tonne with effect from October 16. Apart from this, the Centre also increased the SAED on the ...Higher oil prices could tip the world economy into a recession: IEA
London, Oct 13 Western governments are furious after OPEC+ decided last week to slash oil production by the most significant amount since the start of the pandemic, and the cartel's actions may tip the global economy over the edge, the International Energy Agency has warned, media reports said. "With unrelenting ...India a bright spot on the otherwise dark horizon: IMF chief
Washington, Oct 13 International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that India deserves to be called a bright spot "on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times, but most importantly, this growth is underpinned by structural reforms". ...Recession fears mount as UK GDP falls 0.3% in Aug
London, Oct 13 The UK's gross domestic product (GDP) declined by 0.3 per cent in August, after growth of 0.1 per cent in July, the Office for National Statistics (ONS) has said. The 0.3 per cent GDP fall in August was below economists' previous forecast of zero growth, deepening the ...Pound falls sharply after Bank of England gives bond-buying end date
London, Oct 12 The British pound has fallen sharply against the dollar after Bank of England Governor Andrew Bailey warned that it would not extend its emergency intervention in financial markets beyond this week, after the turmoil sparked by the government's mini-budget. The currency skidded by more than a cent ...‘The worst is yet to come’: IMF on global economy
London, Oct 11 The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world, media reports said. "The worst is yet to come", the global financial institution's World Economic Outlook report said, Sky News reported. "For ...
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