Category: Business
Atanu Chakraborty resigns as HDFC Bank’s part-time chairman due to ‘ethical concerns’| Business News
Atanu Chakraborty has resigned as the part-time chairman of HDFC Bank Ltd. citing a misalignment between his personal ethics and the internal practices of India’s…
US Fed holds interest rate steady at 3.5-3.75% despite higher inflation| Business News
The US Federal Reserve held interest rates steady on Wednesday and projected higher inflation, steady unemployment and only a single rate cut for the year…
India yet to take a call on requests from neighbours for supply of fuel| India News
India is yet to take a call on requests from several neighbouring countries for supply of fuel as meeting domestic demand is the top priority,…
RBI’s defence of rupee vs dollar is weighing on India’s forex reserves| Business News
The Reserve Bank of India’s recent defence of the rupee vs dollar is weighing on the nation’s foreign exchange reserves, prompting calls from some analysts…
Rupee slumps to record low even as Goldman Sachs warns of 95/dollar levels| Business News
Goldman Sachs Group Inc. has warned that the Indian Rupee (INR) could tumble to 95 against the US Dollar (USD), even as the local currency…
NSE is said to set modest fee for its $2.5 billion IPO at just 0.65%| Business News
The National Stock Exchange of India has set advisory fees at about 0.65% of the issue size for its upcoming IPO, according to people familiar…
Iran war impact to show on India GDP, inflation in risk to ‘Goldilocks’ economy| Business News
Surging crude oil prices and acute LPG shortage are rippling through the Indian economy as the Iran war drags on, disrupting industries and prompting analysts…
AI is slop, an unripe fruit and an insomniac| Business News
Cognitive warmup. It was in January 2023 when Buzzfeed Inc. CEO Jonah Peretti announced in a memo to staff that the company was making a…
Reliance accelerates plans for Jio IPO, DRHP likely in the next 2-3 weeks| Business News
Reliance Industries Ltd. is accelerating plans to list Jio Platforms Ltd., appointing a massive syndicate of Wall Street and domestic banks for what is poised…
Adani secures $1.7-bn takeover of bankrupt Jaypee Group in major infra win| Business News
The National Company Law Tribunal has approved Adani Enterprises Ltd.’s ₹14,535 crore ($1.74 billion) resolution plan to acquire bankrupt infrastructure heavyweight Jaiprakash Associates Ltd. The…