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Sanjay Malhotra. File | Photo Credit: Reuters Revenue Secretary Sanjay Malhotra on Tuesday (December 10, 2024) said he will work to understand all perspectives and do what is best for the economy after he takes charge as the RBI Governor on December 11. Watch | Who is Sanjay Malhotra, the next RBI chief? Responding to…
The Nifty 50 index opened at 24,652.65 points with a gain of 33.65 points or 0.14%, while the BSE Sensex opened at 81,575.96 with a surge of 67.50 points or 0.08%. File | Photo Credit: The Hindu The stock markets (both NSE and BSE) opened flat on Tuesday (December 10, 2024) amid a rally in…
With exports outpacing imports, China’s trade surplus rose to USD 97.4 billion. File (Representational image) | Photo Credit: Reuters China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19…
Read More “China’s exports slow, imports decline, in November falling below forecasts” »
FILE PHOTO: A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad, India January 16, 2017. REUTERS/Amit Dave/File Photo | Photo Credit: Reuters “Reliance Industries is in talks with banks for a loan of as much as $3 billion to refinance debt that is due next year,” Bloomberg News reported on…
Read More “Reliance seeks up to $3 bn loan for debt-refinancing, says media report” »
The RBI likely stepped in to support the rupee, with traders pointing to dollar sales by state-run banks. Representational image | Photo Credit: Reuters The Indian rupee weakened to a record low on Tuesday (December 10, 2024), pressured by heightened expectations of domestic rate cuts next year after the government named career civil servant Sanjay…
Read More “Indian rupee hits record low as appointment of new RBI chief spurs dovish bets” »
The story so far: The Government is preparing to introduce several significant bills aimed at driving much-needed reforms in the shipping industry. Key among them are the Merchant Shipping Bill, 2024 and the Coastal Shipping Bill, 2024, both of which promise to bring transformative changes to boost the sector. Why a new bill? The Merchant…
Photo used for representation purpose only. Flipkart, India’s homegrown e-commerce platform, has signed an MoU with the Department for Promotion of Industry and Internal Trade (DPIIT) to support and empower tech start-ups in India. Aimed at encouraging the growth of innovators and entrepreneurs, the partnership would build on existing efforts under the Flipkart Leap and…
Read More “Flipkart, DPIIT sign MoU to accelerate growth of startup ecosystem” »
Sanjay Malhotra will be the 26th RBI Governor. File | Photo Credit: PTI Sanjay Malhotra will replace Shaktikanta Das as the Governor of the Reserve Bank of India and his appointment, for three years, will take effect on December 11, 2024. Mr. Malhotra will be the 26th RBI Governor. A 1990-batch IAS officer of the…
Revenue Secretary Sanjay Malhotra has been appointed as the new RBI Governor replacing Shaktikanta Das whose tenure ends on December 10, 2024. File | Photo Credit: PTI The Appointments Committee of the Cabinet, on Monday (December 9, 2024), has appointed Sanjay Malhotra as the new Reserve Bank of India (RBI) Governor for a period of…
Read More “Sanjay Malhotra is the new RBI Governor for a three-year term” »
The latest order takes the total number of aircraft that Air India has ordered with Airbus over the past two years to 350. File | Photo Credit: Reuters Air India on Monday (December 9, 2024) confirmed that it placed an order to purchase 100 more Airbus aircraft, which include 10 widebody A350 and 90 narrowbody…
Read More “Air India confirms placing order to purchase 100 more Airbus aircraft” »