Gold prices surged to a new high on Tuesday, poised for their best month in 14 years. This rally is driven by fears of a potential U.S. government shutdown and increased expectations of further Federal Reserve interest rate cuts, boosting…
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Under the revised directions on interest rate on advances, banks will now be allowed to reduce spread components on floating rate loans before the current three-year lock-in period, a move aimed at benefiting borrowers. This could result in faster transmission…
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Dhruva Advisors has entered into a strategic joint venture with global tax services provider Ryan, which will acquire a majority stake in the firm. The move expands Ryan’s footprint across India, the Middle East, and Asia, while extending Dhruva’s global…
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Nemetschek Group has appointed Sanjay Kumar Singh as Managing Director for its India business, leading the Global Capability Center across Hyderabad and Bangalore. Bringing over 25 years of technology leadership experience, Singh will focus on scaling technology capabilities and strengthening…
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Larsen & Toubro secured a USD 700 million Sustainability-Linked Trade Facility from Standard Chartered. This facility is tied to key performance indicators like greenhouse gas emissions and freshwater withdrawal, aligning with L&T’s business operations and market standards. This follows their…
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The India-European Free Trade Association’s (EFTA) Trade and Economic Partnership Agreement (TEPA) will officially become operational on October 1. EFTA has committed a $100 billion investment over 15 years, aiming to create one million direct jobs in India. This pact…
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