MUMBAI: Bloomberg Index Services has delayed the inclusion of India’s sovereign bonds in its global bond indices, saying recent market reforms need more time to be tested in practice before a decision can be taken.The index provider said that while India has made meaningful progress in improving access for foreign investors, the changes are still…
Andhra Pradesh is set to get an aviation boost on Saturday as Prime Minister Narendra Modi will be inaugurating the Alluri Sitarama Raju International Airport at Bhogapuram in Vizianagaram district. The inauguration comes as PM Modi is headed for a two state visit to Andhra Pradesh and Karnataka. During the visit, he will also lay…
President Donald Trump holds up a red card during a meeting with FIFA president Gianni Infantino FIFA has abandoned its controversial plan to sell a minority stake in its commercial operations, including the FIFA World Cup, following strong opposition from football federations and internal criticism.FIFA President Gianni Infantino announced on Friday that the proposal would…
The latest addition to the United State’s to-do list is Japanese currency, yen.Signs that Washington was preparing to back Japan’s currency came to light on Friday after a photograph from US President Donald Trump’s cabinet meeting at Camp David showed US treasury secretary Scott Bessent weighing purchases of between $5 billion and $10 billion worth…
Prices of commercial LPG cylinder will now be Rs 2,728 while it will cost will be at Rs 2,872.50 in Kolkata NEW DELHI: The prices of commercial Liquefied Petroleum Gas (LPG) cylinders have been reduced effective August 1, with cuts announced in Delhi and Kolkata.The price of a 19 kg commercial LPG cylinder has been…
MUMBAI: Zee has won shareholder approval to issue convertible warrants to its promoters, clearing the 75% threshold required under Indian company law by a narrow 1.6 percentage points, with 76.6% of votes cast in favour. The approval lets Zee issue 24.95 crore warrants to promoters at Rs 126 apiece, raising Rs 3,144 crore. Conversion will…
MUMBAI: RBL Bank has secured a credit rating above India’s sovereign rating with Moody’s assigning the lender a first-time Baa2 long-term issuer and deposit rating, one notch above India’s Baa3 sovereign rating, on expectations of support from its majority shareholder, Emirates NBD Bank. The rating agency assigned a stable outlook.The higher rating follows Emirates NBD’s…
File photo: Salil Parekh, Infosys CEO BENGALURU: When Salil Parekh took over as Infosys CEO in 2018, the company was grappling with boardroom turmoil that had shaken investor confidence. Over nine years, he helped transform the company, doubling revenue from $10 billion to $20 billion, securing over $100 billion in large deals, and the foundation…
Sanctions and trade experts say it would establish a new precedent by allowing future presidents to use secondary tariffs to target entire countries. (AP photo) US President Donald Trump may not find it easy to get the new bill championing fresh sanctions on Russia and countries that trade with it passed. The proposed legislation would…
FSPV projects will include a minimum of 2-hour Energy Storage Systems (ESS). Looking to post solar energy generation capacity, Prime Minister Narendra Modi-led cabinet on Friday approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) scheme. The scheme targets establishing 5,000 MW of Floating Solar PV (FSPV) capacity in the country.This is a more than seven-fold…