Thursday, December 26, 2024

Archive for June, 2021

Hinterland remittances turn the corner

Wednesday, June 30, 2021 19:29

Mumbai: Remittances from urban to rural pockets revived in June after a 40 per cent decline in April, pointing to an economy emerging from lockdown-induced hibernation, although business is still about a fifth lower than what it was before the pandemic struck India last spring.India processes roughly Rs 12,000 crore ...

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Hinterland remittances turn the corner

Wednesday, June 30, 2021 19:29

Mumbai: Remittances from urban to rural pockets revived in June after a 40 per cent decline in April, pointing to an economy emerging from lockdown-induced hibernation, although business is still about a fifth lower than what it was before the pandemic struck India last spring.India processes roughly Rs 12,000 crore ...

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NMDC in talks with banks, FIs to raise Rs 5,000 crore to part-fund Nagarnar Steel Plant

Wednesday, June 30, 2021 19:15

The CCEA had on October 14, 2020, gave its ‘in-principle’ approval to the demerger of Nagarnar Steel Plant from NMDC and strategic disinvestment of the demerged company by selling entire stake of the government to a strategic buyer.

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WTC win has made up for 2019 World Cup heartbreak: Taylor

Wednesday, June 30, 2021 19:12

Senior New Zealand batsman Ross Taylor feels the World Test Championship triumph has "probably" made up for the heartbreak of the ODI World Cup final two years ago. England had won the 2019 World Cup final against New Zealand on a controversial boundary count ...

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Bharat Biotech denies wrongdoing in vaccine supply deal with Brazil

Wednesday, June 30, 2021 19:04

The vaccine maker had signed a $324-million deal with the government of Brazil to supply 20 million doses of the Covaxin at $15 per vaccine.Powered by WPeMatico

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View: What may lead to a pause in mkt exuberance

Wednesday, June 30, 2021 19:04

The US Federal Reserve may just have pulled the exuberance of global financial markets down a notch in its monetary policy statement on June 16. The Dow Jones Industrial Average (DJIA) shed a hefty 3% of its value between June 16 and 18. The rupee moved a good 80 paise ...

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Venugopal reappointed as attorney general

Wednesday, June 30, 2021 19:03

Senior advocate K K Venugopal was on Wednesday reappointed as the Attorney General of India for one year, a law ministry notification said. The attorney general usually has a tenure of three years. When Venugopal's first term as AG was to end last year, he had requested the government to ...

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View: China’s growing geopolitical ambitions

Wednesday, June 30, 2021 19:03

Twenty years ago, on a trip to Shanghai, we visited the Xintiandi area of Shanghai. Amid chic boutiques and trendy restaurants stood the grey building where, in July 1921, 13 members met to start the Communist Party of China (CPC). It has come a long way since then. CPC now ...

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View: The great Indian social media circus

Wednesday, June 30, 2021 19:03

In the US, a war appears to have commenced in earnest against big tech. Concerned that opaque processes and unconstrained financial muscle will lead to absolute dominance in ecommerce, entertainment and information dissemination, lawmakers are trying to overhaul old antitrust laws to curb the power of these corporations.Rather than enact ...

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No change in PPF, NSC interest rates

Wednesday, June 30, 2021 19:03

Good news for fixed income investors as the government has decided to keep the interest rates on small savings schemes unchanged for the quarter ending September 30, 2021. This is the fifth quarter in a row that the government has kept interest rates on various post office schemes such as ...

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