Sanjay Malhotra, Governor, Reserve Bank of India Since taking...
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Eco/Invest/Demography
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Govt discontinues parts of gold deposit scheme amid rising prices
The move is likely to reduce the government's future obligations...
SC remark on cutting trees ‘wake-up call’ for govt say environmentalists
"The continuous push for large-scale infrastructure projects such...
Rs 7.73 trn crore of investors’ wealth depleted in two days amid market collapse
Foreign institutional investors continued their selling spree, offloading shares worth a net Rs 5,517.08 crore on Friday, according to stock exchange data. "There seems to be no respite for the markets from the bear hug as the weak Asian gauges and fall in European...
China strives for global dominance through seaport control
The experts pointed out that, of the 96 ports owned by Chinese companies around the world, several are at key locations for maritime trade, "giving Beijing strategic dominance without having to deploy a single soldier, ship or weapons." It is estimated that China now...
China’s population declined in 10 provincial-level regions in 2021
According to the seventh nationwide census of 2020, China's population on the mainland has grown by 0.53 per cent annually on average in the past decade. China's population reached 1.41 billion as of the end of 2021, up by 480,000 from the previous year, according to...
Foreign funds’ share in India equities at 19.5%, lowest since March ’19
The record fall was mainly due to the massive outflows of USD 5.4 billion in March and a whopping USD 15.7 billion in FY22. Such a massive pullout came after they pumped in USD 23 billion in 2020 and USD 3.7 billion in 2021 New Delhi: Foreign funds' ownership in...
US cyber insurance payouts increase amid rising claims, premium hikes
Cyber insurance direct written premiums in US grew by 74% in 2021 to over $4.8 bil., according to statutory financial data from the “Cybersecurity and Identity Theft Insurance Coverage Supplement.” Premiums for standalone coverage increased by 92% to over $3.1 billion...
Global factors, macro data, earnings to drive market trends this week: Analysts
''The direction of global equity markets along with movement in dollar index and crude oil prices will continue to dominate while inflation numbers of the USA on May 11 and inflation and IIP numbers of India on May 12 will also cause volatility in the market,'' said...
Commercial vehicle industry to see double-digit growth this fiscal: Tata Motors’ Girish Wagh
''Then a lot of work is happening in the housing sector in urban areas. Consumption overall is going up and the rural growth story is intact. All these put together, I do see that the commercial vehicle industry should see a good growth this year,'' Tata Motors...
Dubai Aerospace Writes Off $538 Million, files insurance claims on planes tied to Russia
Aircraft lessors have been caught up in the international response to Russia’s invasion of Ukraine. The Kremlin has blocked the repossession of planes as required by sanctions, stranding roughly 400 jets that had been leased to Russian companies. The Middle East’s...
FM Sitharaman flags anonymity as ‘inherent risk’ in use of blockchain
Finance Minister Nirmala Sitharaman The finance minister made it clear that using the distributed ledger technology (DLT), which is also called as blockchain, is absolutely imperative and the government also supports the use of the same the anonymity is what … one...
LIC IPO day 4: Total subscription at 1.66 times, NII portion fully booked
However, the Qualified Institutional Buyer (QIB) category received a poor response as just 0.67 per cent of the shares earmarked received the bids on the fourth day of the IPO Mumbai: Shares reserved for non-institutional investors, including high networth...