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A RBI working paper has found that equity markets are affected more by the changes in the market’s expectations of future monetary policy than the policy rate surprise. File | Photo Credit: Reuters Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement…
Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of ₹1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta. In an exclusive interview with PTI, Mr. Gupta spoke in detail about his vision to make the Indian company global,…
Read More “Boult IPO likely next year: Co-founder Varun Gupta” »
Tesla Chief Executive Officer Elon Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China. File | Photo Credit: Reuters A private jet linked to Tesla CEO Elon Musk landed in Beijing on April 28, a flight tracking app showed, as two people with…
Read More “Elon Musk’s private jet lands in China for surprise visit” »
With increasing India’s dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing’s share in New Delhi’s imports of such goods rose to 30% from 21% in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China…
A bird flies past the facade of the ICICI bank head office in Mumbai. | Photo Credit: REUTERS Private sector lender ICICI Bank on April 27 said its March 2024 quarter consolidated net grew 18.5% to ₹11,672 crore. It had reported a net profit of ₹9,853 crore in the year-ago period. On a standalone basis,…
Read More “ICICI Bank reports 18.5% growth in Q4 net profit at ₹11,672 crore” »
On December 8, 2023, the government put a domestic ban on the export of onions. | Photo Credit: ANI The Centre on April 27 said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments. The Centre has also allowed exports of 2,000…
Read More “Centre allows 99.5k tons of onion exports to 6 neighbouring nations” »
The U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest. | Photo Credit: Reuters The U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing…
People stand in line outside a bank hoping to withdraw Cuban pesos from an ATM, in Havana, Cuba. | Photo Credit: AP Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. He…
Read More “Cuba’s cash crunch leads to long lines and growing frustration” »
The Sandur Manganese & Iron Ores Limited (SMIORE) and Private Equity firm ADV Partners announced the execution of a binding agreement relating to the strategic business acquisition of Arjas Steel Private Limited (Arjas), valued at an enterprise value of ₹3,000 crore, by SMIORE, said a company statement. SMIORE is the fifth-largest iron ore miner in Karnataka…
Read More “Bellari firm SMIORE to acquire Arjas for ₹3,000 crore” »
A Tesla that may have been operating on the company’s Autopilot driving system hit and killed a motorcyclist near Seattle on Friday, April 19, 2024. | Photo Credit: AP The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to…