``Such forward contracts will enable long-term investors such as...
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RBI cuts repo rate by 25 basis points to 6.25%,first in nearly 5 yrs
Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy...
ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and...
ADB trims developing Asia’s growth forecasts over Omicron risks
China's economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum in recent months as it grapples with surging prices, a slowing manufacturing sector, debt problems in the property market and persistent COVID-19 outbreaks. MANILA:...
BPCL ties-up with nuclear institute in net zero push
India's draft National Hydrogen Mission mandates that refiners and fertiliser producers should meet half of their hydrogen needs through green hydrogen by 2030. The federal government has provided financial support for setting up electrolysers in India. NEW DELHI:...
From heatwaves to floods, climate change worsened weather extremes in 2021
Climate change is strengthening hurricanes, while also causing them to linger longer over land – dumping more rain on an area before moving on. Studies also suggest these storms are becoming more frequent in the North Atlantic. Extreme weather events in 2021 shattered...
First death with Omicron variant in United Kingdom
The variant now accounted for around 40% of infections in the capital Britain gave no details on the death or whether the patient had been been vaccinated or had underlying health issues. Deaths from Omicron may have occurred in other countries but none has been...
AMFI pitches for pension oriented MF Scheme; tax parity with ULIPs
Amfi has proposed ''to bring parity in tax treatment in respect of capital gains on withdrawal of investments in ULIPs of Life Insurance companies and redemption of Mutual Funds Units, so as to bring about level playing field between ULIPs and MF scheme''. The...
Freight cost hits highest due to Omicron, threatening export companies
Due to the surge in freight rate, export companies are worried. This is because the year-end season is the biggest shopping season, including Christmas, but the profitability will inevitably deteriorate due to high fares even if they secure the freight spaces. It is...
Investors push world’s top chemicals companies over hazardous substances
The move by 23 investors including Aviva Investors and Storebrand comes as regulators toughen rules around their use and as analysts warn some companies could face billions of dollars in associated clean-up and compensation costs. In a letter to the world's 50-biggest...
More than half a billion pushed into extreme poverty due to health costs:World Bank
In 2019, prior to the pandemic, 68 per cent of the world’s population was covered by essential health services, such as reproductive health services; immunization services; treatment for HIV, TB and malaria; and services to diagnose and treat noncommunicable diseases...
More states report Omicorn cases, total no hit 38 in India
Omicron has been detected in Maharashtra (18), Rajasthan (9), Karnataka (3), Karnataka (3), Kerala (1) and Andhra Pradesh (1) and Union Territories of Delhi (2) and Chandigarh (1). Kerala, Andhra Pradesh and Chandigarh reported their first Omicron case on Sunday,...
Inflation data, Fed interest rate decision major events for markets this week: Analysts
''The impact of the Omicron variant on the market has cooled off but the news flows related to Omicron may continue to cause some volatility,'' said Santosh Meena, head (research) at Swastika Investmart Ltd. New Delhi: Domestic macroeconomic data announcements and the...