JPMorgan Private Bank’s executive director and global market strategist Julia Wang says rising bond yields, as well as a little more inflation at this point in the economic cycle, are ‘healthy signs’ as the global economy is recovering from the COVID-19 pandemic. The yield on the benchmark 10-year Treasury note saw a rapid rise to […]
Category Archives: Business
All existing contracts for mobile catering services providing cooked food to passengers have been cancelled by Indian Railway’s catering and ticketing department. The decision was made in the context of a new normal in which special trains serve ready-to-eat meals. Indian railways declared in a regulatory filing on Monday that all existing contracts of mobile […]
CEO and founder of Zoom, Eric Yuan, whose business showed exponential growth during the pandemic, says “working from home is here to stay”. The video conferencing company expect sales to rise from more than 40% in 2021, reaching more than $3.7 billion. The company said it does not expect growth to continue at the same […]
On the back of various government measures to improve compliance, goods and service tax collections in February totaled Rs 1.13 lakh crore, up 7% from the same month last year. The department of revenue announced on Monday that revenue collection had surpassed Rs 1 lakh crore for the fifth time in a row and had […]
In the Union Budget 2021, the Government announced that the second phase of the Swachh Bharat Mission focuses on waste segregation and sewage management in those cities that have a population of less than 1lakh. The sixth edition of the Annual Swachh Survekshan was launched by the Ministry of Housing and Urban Affairs. The financial […]
Bharat Petroleum Corporation (BPCL) has agreed to sell its entire 61.65% stake in Numaligarh Refinery (NRL) to a consortium of Oil India (OIL) and Engineers India (EIL), as well as the Assam government, for nearly Rs. 9,876 crore. The sale of Numaligarh Refinery, Ltd. clears the way for the privatization of India’s second-largest fuel retailer. […]
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The United States is the world’s largest economy, owes India $216 billion as the country’s debt grows to a record $29 trillion, warning the leadership about the imposition of foreign debt, the largest from China and Japan. By 2020, the US national debt was $23.4 trillion, that is $72,309 per person. “We will grow our […]
India initially has decided to provide the vaccine to the 1.15 crore health workers and the frontline workers started from January 16th. 2021. After a substantial time passed, government has now decided to widen the coverage crossing the decided limit of 1.15 crore workers. The Coronavirus vaccine has been capped at Rs 250 per shot […]
The RBI has issued the Rupee Co-operative Bank Ltd, Pune, a three-month extension of its banking license, according to Sudhir Pandit, the bank’s administrator. “It is recognition by RBI of the Bank’s satisfactory results, and that too despite complete restrictions on bank’s activities,” Pandit said. During the last four years, the bank has made a […]
The union budget 2021-2022 presented in Parliament earlier this month has proposed to set up a DFI (Development Finance Institution) with an initial capital of Rs.20,000 crores to fund the Rs 111 lakh crores’ ambitious National Infrastructure Pipeline (NIP). India Infrastructure Finance Company Limited managing director PR Jaishankar said that the company is prepared to […]