Finance
An International Monetary Fund (IMF) study reported that the U.S. tariffs on Chinese products are hitting an unplanned target as the trade war increases in intensity. The study found that the tariff revenue gained from levies on Chinese goods “has been borne…
India is ready to share its business opportunities and economic prosperity with the world for a more flourished and stable future, Indian High Commissioner to Singapore, Jawed Ashraf, said. Speaking at a gathering of 300 delegates including business leaders and diplomats at…
The stock market in India bounced back after nine periods of losses, with investors showing eagerness in energy and financial stocks after harmless inflation data increased the hopes of rate cuts in Reserve Bank of India’s (RBI) June policy meet. In the…
Stating that Asia continues to be the growth engine of the world, Economic Affairs Secretary Subhas Chandra Garg said that the Asian Development Bank must increase its private sector operations to support economic development. Talking to the Board of Governors of the…
The Asian Development Bank (ABD) contributed USD 3 billion in sovereign loans to India in 2018, the largest amount since sovereign operations started in the country in 1986. India was the biggest receiver of funds from the multilateral funding institution and would…
On Thursday, the National Company Law Appellate Tribunal (NCLAT) permitted the banks to declare the accounts of Infrastructure Leasing & Financial Services (IL&FS) and its group companies that have defaulted on payments as non-performing assets (NPA). A bench headed by Chairman Justice…
The Serious Fraud Office (SFO) has charged Barclays Bank PLC with “unlawful financial help” identified with billions of pounds brought from Qatari investors up in 2008. Similar charges were purchased against Barclays PLC in June a year ago. The move to charge…
One of the last fines for banks associated with the financial crisis appears to close determination. High-level talks including the U.K. Treasury and U.S. Justice Department recently planned to determine a punishment for Royal Bank of Scotland, in the midst of inquiries…
In a major step towards a simpler securities market trading infrastructure, regulator Sebi today announced much-awaited integration of stocks and commodities trading on a single exchange from October next year. A two-phase integration of trading in commodity derivatives market with other segments…
Bitcoin fell more than 10 per cent on Wednesday to a one-week low of $15,800 at cryptocurrency exchange Bitstamp, losing almost one- fifth of its value from a peak hit just three days ago. The digital currency has been sliding since it…
