Category: Business

Business

Indian regulator finds Adani offshore investors in disclosure rules violation: Report

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A logo of the Adani Group | Photo Credit: Reuters India’s markets regulator found a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on April 22. They declined to be named as they not…

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Ensure children up to 12 years are allocated seats with their parents in flight: DGCA tells airlines

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Representative image. | Photo Credit: SAMPATH KUMAR GP Aviation watchdog Directorate General of Civil Aviation (DGCA) has asked airlines to ensure that children up to the age of 12 years are allocated seats with at least one of their parents or guardians in a flight. The directive comes against the backdrop of instances of children…

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Combined manufacturing, services output rose at the fastest pace in nearly 14 years: Flash PMI data

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The Manufacturing sector Flash PMI stood at 59.1 in April, unchanged from March’s final reading for the index. File | Photo Credit: Reuters Combined output from India’s manufacturing and services sectors may have grown at the fastest pace in almost 14 years this month, with the services activity rising to a three-month high, as per the…

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India needs inclusive economic growth, Only INDIA bloc can this: Congress on Modi’s ‘redistribution of wealth’ remark

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A file photo of senior Congress leader Jairam Ramesh | Photo Credit: SHIV KUMAR PUSHPAKAR Stepping up its attack on Prime Minister Narendra Modi over his ‘redistribution of wealth’ remark, the Congress has said that Mr. Modi will not tell the people that more than 40% of the wealth created in the country from 2012…

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India needs inclusive economic growth, only INDIA bloc can do this: Congress on Modi’s ‘redistribution of wealth’ remark

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A file photo of senior Congress leader Jairam Ramesh | Photo Credit: SHIV KUMAR PUSHPAKAR Stepping up its attack on Prime Minister Narendra Modi over his ‘redistribution of wealth’ remark, the Congress has said that Mr. Modi will not tell the people that more than 40% of the wealth created in the country from 2012…

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Pakistan hopes to get new IMF loan by early July, says finance minister

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File picture of Pakistan Finance Minister Muhammad Aurangzeb | Photo Credit: Reuters Pakistan is hoping to reach a staff-level agreement with the International Monetary Fund by June or early July, its finance minister said on Tuesday. The country’s current $3 billion arrangement with the fund runs out in late-April, which it secured last summer to…

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Markets climb in early trade on firm global trends; extend winning momentum to 3rd day running

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Image for representation | Photo Credit: PAUL NORONHA Benchmark equity indices continued their winning momentum for the third day running on Tuesday amid firm global market trends. Rallying for the third day running, the 30-share BSE Sensex climbed 411.27 points to 74,059.89 in early trade. The NSE Nifty advanced 111.15 points to 22,447.55. From the…

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Rupee rises 6 paise to 83.30 against U.S. dollar in early trade

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Image for representation | Photo Credit: Reuters The rupee appreciated 6 paise to 83.30 against the U.S. dollar in early trade on Tuesday, supported by a firm trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 83.37 against the greenback. It later touched 83.30 in initial trade, registering a…

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U.S. consumers on lower incomes face loan stress while banks pull back

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U.S. borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans. A growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay…

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China’s Q1 fiscal revenue falls as tax cut policies weigh

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The world’s second-biggest economy grew faster than expected in the first quarter. File | Photo Credit: Reuters China’s fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors including previous tax cut policies weighed, the Finance Ministry said on April 22. The world’s second-biggest economy grew faster than expected…

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