- Business Line
RBI directs cooperative banks not to outsource core management
The Reserve Bank of India on Monday directed cooperative banks not to outsource core management functions such as policy formulation,…
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US announces additional COVID-19 aid of $41 million to India
The US has announced an additional $41 million assistance to help India tide over the second wave of coronavirus and…
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India’s business activity picking up faster after second wave compared to last year says Nomura
Higher mobility suggested a pickup in services, especially transportation, reinforcing the view that May was the worst hit by the…
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Indian economy improves in may
India’s economy showed more signs of cooling in May, but the weakness is already beginning to dissipate of late as…
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UBS ups average inflation print to 5% with more upside risks
After consumer price index jumped the 6.3-per cent mark in May and wholesale inflation set a record of 12.94 per…
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US economy grows 6.4% in Q1
The US economy grew at a solid 6.4% rate in the first three months of the year, setting the stage…
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Covid, Its Aftermath Has Shown Indian Economy’s Resilience: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Thursday participated in the Global Investors Roundtable organized by the US-India Strategic Partnership Forum…
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RBI’s hoarding of forex reserves over currency concerns will be counter-productive
The Reserve Bank of India (RBI)’s foreign exchange reserves have been increasing sharply, suggests new data. Since April 2020, the…
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Fed Chair Powell says it’s ‘very, very unlikely’ the U.S. will see 1970s-style inflation
Federal Reserve Chair Jerome Powell continued to attribute most of the recent inflation surge to factors closely tied to the…
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Uttar Pradesh govt dispenses Rs 2,505 crore loans to over 31,542 MSMEs
The Uttar Pradesh government on Wednesday dispensed a total loan of Rs 2,505.58 crore to over 31,542 micro, small and…
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Former Infosys CEO to head task force to reform in bureaucracy
Former Infosys NSE 3.43 % CEO S D Shibu Lal was on Wednesday appointed chairperson of a three-member task force…
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Eurozone economy booms at fastest rate in 15 years
Business activity in the eurozone jumped at its fastest rate in 15 years this month, a closely watched survey said on Wednesday, as a reopened economy unleashed pent-up demand. Economic…
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Moody’s cuts India growth forecast for 2021 to 9.6%
Moody’s Investors Service on Wednesday slashed India’s growth projection to 9.6 per cent for 2021 calendar year, from its earlier…
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States’ borrowing costs rise after yields touch 7 per cent says report
Notwithstanding the Rs 10,000-crore liquidity infusion through the G-Sap route by the RBI last week and fewer states tapping the…
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India signs cooperation MOU in agriculture with Fiji
Union Minister for Agriculture & Farmers Welfare, Narendra Singh Tomar and Fiji’s Minister of Agriculture, Waterways & Environment, Dr. Mahendra…
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Cryptocurrency fills the gaps in Venezuela’s economy
As hyperinflation and U.S. sanctions disturbed Venezuela’s economy, cryptocurrency is providing services handled elsewhere by the traditional banking system.It has…
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The pan-European Stoxx 600 ended Monday’s session up by 0.7%,
The pan-European Stoxx having lost more than 0.8% at the start of trading. British supermarket chain Morrisons surged nearly 35%…
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UK begins talks to join Asia-Pacific free trade pact
Britain will start negotiations to join a free trade area which could grant businesses access to “some of the biggest…
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India’s unemployment rate rises again
India’s unemployment rate stood at 9.35% for the week ended June 20, up from 8.7% a week ago, but lower…
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Indian government to seek details from Swiss banks about deposits
The finance ministry on Saturday stated that Indian customer deposits in Swiss banks have fallen since 2019, but said it…
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