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Category: Business Updates

Business Updates

G20 finance ministers call for swift implementation of roadmap to deal with crypto assets

March 20, 2023By businessreputationdata

The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB).

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Business Updates

Govt to release buffer onion in open market immediately to keep prices under check

March 20, 2023By businessreputationdata

The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said.

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Business Updates

New home loan interest subvention plan to be announced in Sept: Hardeep Puri

March 20, 2023By businessreputationdata

PM had said in his I-Day speech that the govt will bring a new scheme to help people buy homes in cities

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Business Updates

Federal Bank net profit in June quarter rises 29% at Rs 854 crore

March 20, 2023By businessreputationdata

Edtech company Byju’s has appointed upGrad’s former top boss Arjun Mohan as its CEO for international business.

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Business Updates

LIC sells over 2% stake in Sun Pharma for Rs 4,699 crore

March 18, 2023By businessreputationdata

LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale.

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Business Updates

India mulls green power trade with SE Asia

March 18, 2023By businessreputationdata

On a consolidated net box office basis, the two Friday releases can expect to do `120-140 crore at the box office over the next week or so, say experts.

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Business Updates

Global economy’s glide to ‘soft landing’ gets bumpy as bond yields jump

March 18, 2023By businessreputationdata

The world’s finance officials, who will gather in Morocco next week for the annual meetings of the International Monetary Fund and World Bank, may disagree over the exact drivers of a global bond rout that now appears to reflect more than guessing how far central bankers will raise interest rates.

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Business Updates

DIIs infuse Rs 12k-crore in 2 weeks

March 18, 2023By businessreputationdata

Showing a reverse trend, DIIs have bought to the tune of `12,142 crore since July 21, also being net sellers on only two occasions.

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Business Updates

India will manage if oil price goes over $100, says Hardeep S Puri

March 15, 2023By businessreputationdata

India will manage if the price of oil goes above $100 per barrel even though such a price would not be in “anyone’s interest,” the country’s petroleum minister said on Tuesday at a conference in Abu Dhabi.

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Business Updates

Household debt doubles in FY23, savings more than halves to 5.15% of GDP

March 13, 2023By businessreputationdata

The net financial savings of households plunged by close to 55 per cent in FY23 to 5.1 per cent of GDP, and their indebtedness more than doubled to Rs 15.6 lakh crore from FY21, primarily led by massive borrowings from banks, shows an analysis of latest official numbers.

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