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UK Prime Minister Liz Truss quits, Rishi Sunak emerges favourite again

UK's beleaguered Prime Minister Liz Truss resigned on Thursday, making way for her successor as Rishi Sunak emerges the favourite now

Oct 20, 2022

India number 3 on list of centi-millionaires; to overtake China by 2032: Report

India at no. 3 on list of centi-millionaires, to overtake China by 2032: Report

With levels of poverty, inflation and hunger notwithstanding, India ranks third in the world's first-ever global study on the rise of centi-millionaires -- individuals with assets of more than Rs 830 crore ($100 million), a new report has revealed.

Oct 20, 2022

Economy of every country is slowing; India defies odds [see how]

According to IMF, India is to grow at 6.1% in 2023, making it the world's fastest among major economies. Read to know more.

Oct 12, 2022

British pound. (File: Xinhua/Then Chih Wey/IANS)

British Pound falls sharply after Bank of England gives bond-buying end date

The British pound has fallen sharply against the dollar after Bank of England Governer Andrew Bailey warned that it would not extend its emergency intervention in financial markets beyond this week, after the turmoil sparked by the governments mini-budget.

Oct 12, 2022

American trio - Ben Bernanke, Douglas Diamond, Philip Dybvig - wins Nobel for Economics

The winners were announced by the Royal Swedish Academy of Sciences in Stockholm.

Oct 10, 2022

Rupee's downfall peaks to 82.20 today

Rupee slips down against dollar on oil price increase, crossing the expected barrier of 82 per US dollar on Friday

Oct 7, 2022

Global regulator for banks red-flags crypto-assets such as Bitcoin

Cryptocurrency: 51% of daily Bitcoin volume changing hands on crypto exchanges is fake, says report

According to data provided by niche news publisher BanklessTimes.com, the majority of this fake Bitcoin volume is due to wash trading.

Oct 6, 2022

JPMorgan refuses to include India in widely-followed bond index; here's why

JPMorgan's decision to not include the bonds was due to investor concerns about India's market infrastructure, according to a person familiar with the matter.

Oct 6, 2022

Conditional approval given to Zee-Sony merger deal

"CCI approves amalgamation of Zee Entertainment Enterprises Ltd (ZEE) and Bangla Entertainment Private Ltd (BEPL) with Culver Max Entertainment Private Ltd (CME), with certain modifications," official sources said

Oct 5, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI not to stop repo rate hike, next expected to be 35 bps to reach 6.25%: Kotak report

RBI is expected to hike the repo rate by another 35 basis points (bps) to 6.25 per cent in December 2022, says Kotak report

Oct 4, 2022

RBI hikes repo rate by 50 basis points, pegs inflation at 6.7%; Economic growth at 7%

The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation.

Sep 30, 2022

Reliance Retail Launches Premium Fashion Store 'AZORTE', Offering Smart Trial Rooms and Self-Checkout Kiosks

The new fashion store will transform the way Indians shop for premium international and contemporary Indian fashion merchandise.

Sep 29, 2022

Sensex, Nifty wriggle out, show early positive trends

The benchmark indices ended lower on Wednesday with Sensex falling more than 500 points, and Nifty ending over 140 points down.

Sep 29, 2022

Recession woes grip markets, Sensex falls to 56,891.95

Recession woes grip markets, Sensex falls 56,891.95 points on Wednesday

Sep 28, 2022

Indian Rupee hits 81.93 per US dollar, bloodbath continues in Forex markets

Indian rupee and major currencies across the world from Yuan, UK's sterling, China's Yuan, Australia's dollar, are facing bloodbath in forex markets