Russian stocks hit 7-month high as oil prices jump on output target cuts
The rouble steadied on Monday and Russia’s benchmark stock index surged to a near seven-month high after OPEC+ oil producers announced further oil output target cuts of about 1.16 million…
Rupee falls 10 paise to close at 82.31 against US dollar
The rupee depreciated 10 paise to close at 82.31 (provisional) against the US currency on Monday as a strong American currency in the overseas market and firm crude oil prices…
Axis Bank launches business management solution for merchants
Axis Bank in partnership with Visa on Monday launched an app that will empower merchants to accept payments through various digital modes and also enable them to manage their day-to-day…
Credit Suisse faces anger at final shareholder meeting
Credit Suisse will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS. The hastily-arranged…
Net direct tax collections grow to Rs 16.61 lakh crore
Net direct tax collections rose by 17.63 per cent to Rs 16.61 lakh crore in 2022-23, exceeding the Revised Estimates of Rs 16.5 lakh crore. The provisional gross collection of…
Finland to join NATO military alliance this week, says alliance chief Jens Stoltenberg
NATO Secretary-General Jens Stoltenberg says Finland will become the 31st member of the military alliance on Tuesday. “From tomorrow, Finland will be a full member of the alliance,” Stoltenberg told…
CCI approved the demerger of Haldiram Snacks and Haldiram Foods into Haldiram Snacks Food
The Competition Commission of India (CCI) approves the proposed combination involving demerger of FMCG business of Haldiram Snacks and Haldiram Foods into Haldiram Snacks Food and acquisition of 56% and…
India nears USD 300 million weapons deal with US
India is moving towards clearing a proposal to buy American weapons including the Hellfire missiles and Mark 54 anti-submarine torpedoes for its MH-60 Romeo multirole helicopters. 24 of these choppers…
Byju’s appoints Vedanta Group’s Ajay Goel as CFO
Edtech giant Byju’s has appointed Ajay Goel as its Chief Financial Officer (CFO). The seasoned global finance professional has been hired to strengthen the company's financial operations, long-term business strategies,…
FDIC plans to offer $60 billion of Signature Bank loans in the coming months
The Federal Deposit Insurance Corp. plans to start marketing a $60-billion loan portfolio it retained in receivership following the collapse of Signature Bank in the coming months. The portfolio includes…
