In a bid to modernize inflation measurement, the government is set to replace the Wholesale Price Index with the Producer Price Index for future government contracts and price changes. This initiative seeks to align India’s procurement processes with global inflation…
Read More
A US Senate bill proposes imposing 100 percent tariffs on five nations buying Russian oil. This legislation aims to cut revenue funding Russia’s war efforts in Ukraine. European countries buying Russian natural gas would be exempt from these new tariffs.…
Read More
GIFT City is drawing strong interest from multinational companies, with JPMorgan saying more than 100 firms are exploring banking and payment solutions for corporate treasury operations. GIFT City’s tax incentives, single regulator, foreign currency capabilities and growing banking ecosystem are…
Read More
Private insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholders’ funds instead of surplus. This change could unlock billions for investment in privately held businesses. The proposed framework may expand sector…
Read More
The Indian benchmark indices opened on a strong note on Friday’s opening trading session with Sensex rising over 400 points and Nifty holding above 24,100 level, amid rally in the IT stocks.
Read More
Globally, banks and financial institutions are rethinking workforce requirements as AI and automation become mainstream. Standard Chartered recently announced plans to reduce thousands of jobs over the next few years while accelerating AI adoption. Global lenders such as Citi, UBS,…
Read More