1. Business & Economy

Business & Economy

Shilpa Shetty to make a killing in Mamaearth IPO

New Delhi, Jan 9 (IANS) Angel investors, including Bollywood actress Shilpa Shetty, stand to make a killing in the forthcoming IPO of Mamaearth as the company is being valued at Rs 24,000 crore. Sources said keeping…

IMF bullish on Indian economy despite global downturn signals

New Delhi:  Even as the world economy is looking at recessionary trends owing to the prevailing global headwinds and fluid geopolitical situation due to the prolonging Russia-Ukraine conflict, the International Monetary Fund (IMF) has shown…

More than 40% complaints received by RBI were on digital payment modes: Report

New Delhi: Complaints received by the RBI relating to digital modes of payment and transactions were the highest in 2021-22, constituting 42.12 per cent of the total complaints received during the fiscal. The volume of…

SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RBI

New Delhi: The State Bank of India, ICICI Bank and HDFC Bank continue to be identified as “Domestic Systemically Important Banks (D-SIBs)”, according to the Reserve Bank of India (RBI). SIBs are those financial institutions…

Tesla falls short of 50% growth goal in 2022 amid Musk’s Twitter distraction

San Francisco : Elon Musk-run Tesla has missed its target of 50 per cent growth in production and deliveries for 2022, as its stock plummeted around 65 per cent amid Musk’s $44 billion Twitter takeover…

Third of global economy will be in recession this yr: IMF

Washington : International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the US, EU…

Burgeoning fiscal deficit will be a challenge for govt in FY 2023-24

New Delhi : With the next financial year (2023-24) just a quarter away, India will need to do a tight ropewalk to check its burgeoning fiscal deficit and current account deficit. India’s fiscal deficit widened…

Goldman Sachs unveils plan to cut jobs amid global economy fears

London: The boss of Goldman Sachs has told staff that he will make job cuts early next month, as the US investment bank seeks to improve its profits amid concerns over the global economy, the…

Current account deficit rose to 4.4% in Q2 from 2.2% in Q1: RBI data

New Delhi : India’s current account deficit rose sharply to 4.4 per cent of the GDP in the second quarter of the current fiscal (2022-23) from 2.2 per cent in the first quarter. The current…

On Economy: The year ends with hope and despair

The year ends with, as far as the economy is concerned, a mixed bag of despair and hope. The hope stems for what the World Bank has pointed out: the Indian economy has shown great…

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