Indian Overseas Bank appoints Madhaw Chandra Jha as CFO
Madhaw Chandra Jha will succeed S P Mahesh Kumar, the current General Manager & CFO, who is set to retire on February 28, 2025.
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Fed’s Jefferson says Fed can take time on next interest rate decision
Federal Reserve Vice Chairman Philip Jefferson indicates that the strong U.S. economy and solid job market allow for a measured approach to monetary policy adjustments. He acknowledges that while inflation has decreased, it remains above the Fed’s 2% target, requiring…
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Indian equity markets’ pain to worsen as economy, corporate profits slow
Indian equity markets have fallen by around 13% since September due to a slowdown in corporate earnings growth and a significant withdrawal of foreign investments. This trend is expected to continue as India’s economic growth slows and company profits remain…
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Smokey Affair: GST on cigarettes, tobacco products may be raised
India is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess ends in 2026. Currently, these products face a 28% GST plus other levies totaling 53%, below WHO’s recommended…
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US SEC seeks Law Ministry’s help to serve legal notices to Adanis
The US SEC has sought India’s Ministry of Law’s assistance to serve legal notices to Gautam Adani and his nephew in a securities fraud and bribery probe. Using the Hague Service Convention, the SEC aims to ensure compliance. The Adani…
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Reserve Bank launches RBIDATA App for simplify access to economic data
The Reserve Bank of India (RBI) has launched RBIDATA, a mobile application providing macroeconomic and financial statistics in a user-friendly format. This initiative enhances financial transparency and empowers policymakers, researchers, and the public with seamless access to over 11,000 economic…
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