Business
Munsif Daily delivers the latest headlines on business-related stories across India and the globe. Find in-depth information on the world’s economy, financing, stock market, initial public offerings (IPO), the banking sector, and the financial sector of India.
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RBI aiming to de-dollarize global trade and the Indian economy
New Delhi: The RBI is aiming to de-dollarize global trade and the Indian economy, Motilal Oswal Financial Services said in a…
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Founders of crypto hedge fund Three Arrows Capital go missing
San Francisco: The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have vanished and the officials charged with liquidating…
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‘Edible oil price may touch new high this calendar year’
Rajkot/Ahmedabad: Edible oil price may touch a new high this calendar year, the Saurashtra Oil Millers Association (SOMA) said on Monday.…
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Nepal exports cement to India for 1st time
Kathmandu: For the first time, Nepal has started exporting cement to India. The official process began on Friday with Palpa Cement…
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Global EV shipments up 79% YoY in Q1, Tesla leads
New Delhi: With Tesla registering phenomenal growth over a year, the electric vehicle (EV) shipments grew 79 per cent year-on-year (YoY)…
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Philippines lowers GDP growth target for 2022
Manila: The Philippine government’s economic team has lowered gross domestic product (GDP) target for 2022 to 6.5 to 7.5 per cent…
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Lower price of edible oil by Rs 15, Centre tells associations
New Delhi: In view of the international prices of imported edible oils seeing a downward trend, the Centre has directed leading…
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MCD introduces uniform property tax rates
New Delhi: The Municipal Corporation of Delhi (MCD) has implemented new rates of property tax to bring uniformity in the rates…
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With licence to fly, Akasa Air to start operations this month
Chennai: India’s new airline, Akasa Air, on Thursday got its Air Operator Certificate (AOC) from the Directorate General of Civil Aviation…
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‘RBI’s measures to boost forex inflows may not increase inflows, but prevent speculative attacks’
Chennai: The Reserve Bank of India’s (RBI) move to relax regulations to boost foreign exchange inflows will not have any material…
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SpiceJet failed to establish safe air service, safety margin degraded: DGCA
Chennai: Holding that SpiceJet Ltd has failed to establish a safe air service due to degradation of safety margin in wake…
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France firm, Safran, to set up MRO in Hyderabad: KTR
Hyderabad: IT and Industries Minister KT Rama Rao has informed that a France based multinational company, Safran Group, has decided…
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Coal production goes up by 32.57% to 67.59 MT in June 22
New Delhi: The Ministry of Coal on Wednesday said that the coal production has gone up by 32.5 per cent approx…
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ED notices to CoinSwitch, CoinDCX; seeks info under FEMA
New Delhi: A few firms, including CoinSwitch and CoinDCX dealing in cryptocurrency have been asked by the Enforcement Directorate (ED) to…
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Sri Lanka to buy 500 buses from India
Colombo: The Sri Lankan government plans to import 500 buses under the Indian line of credit to be deployed under…
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Now Ola Electric’s charging network head quits
New Delhi: There is no stopping resignations at Ola Electric and now, Yashwant Kumar, who is Senior Director and Business Head…
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T.Raja Kumar takes over as FATF chief
New Delhi: T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money…
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Import duty on gold increased, may not impact demand
Chennai: The increase in customs duty on gold will not have any major impact on the precious metal’s demand or the…
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Indian EV makers hail industry-wide GST rate cut
New Delhi: Electric vehicle (EV) manufacturers on Friday hailed the GST Council’s decision that EVs with or without battery pack will…
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Saudi Arabia launches aircraft leasing company
Riyadh: Saudi Arabia announced the founding of an aircraft leasing company named AviLease, as a way to diversify the kingdom’s oil-reliant…