Treasury Puts Taiwan on Notice for Currency Practices
The Biden administration’s first currency report undid the Trump administration’s designations of Vietnam and Switzerland as currency manipulators, citing insufficient evidence. …
Read moreMonetary Policy
Jet fuel price cut by 1% amid softening international crude oil prices
This is the second reduction in rates this month …
Read moreInsurance cos getting FDI up to 74% to get 1 year time fulfil conditions for key managerial positions
Finance Ministry notifies draft rules …
Read moreTrains now running at 69% of pre-Covid levels: Railway Board Chairman
This inching up of rail utilisation is due to rising demand with many passengers going back to their home towns to avoid extended lockdowns because of the resurgent pandemic …
Read morePM Modi reviews oxygen availability status
Govt exempts interstate movement of oxygen tankers from permit registration …
Read moreGoldman Sachs’s Top Image Maker, Jake Siewert, Will Leave
Jake Siewert led the firm’s post-financial crisis reputation makeover. …
Read moreDisruption in sugar supply chain likely to be minimal due to lockdown: ISMA
Indian Sugar Mills Association is an industry body …
Read moreCSC accounts for over 25% of Aadhaar- enabled payments
Conducts transactions worth ₹10,764 crore last year …
Read moreAjai Seth assumes charge as new Economic Affairs Secretary
He will be in service till June 30, 2025 …
Read moreTo clear rush, Railways to run additional trains from Mumbai, Delhi, Karnataka
Starts deploying Covid-19 care coaches in Maharashtra …
Read moreCovid-19 Pushes India’s Middle Class Toward Poverty
The pandemic sent 32 million people in India from the middle class last year. Now a second wave is threatening the dreams of millions more looking for a better life. …
Read morePower sector revival requires structural changes: Brickwork ratings
Around 60 GW thermal power capacity under stress …
Read moreGustavo Dudamel, Superstar Conductor, Is to Lead Paris Opera
In a coup, the venerable company has hired as its next music director the rare classical artist to have crossed into pop-culture celebrity. …
Read moreWhat Will Happen to All the Empty Office Buildings and Hotels?
Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings. …
Read moreUnemployment Is High. Why Are Businesses Struggling to Hire?
Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away. …
Read moreExports rise to $13.72 bn during April 1-14
Exports during April 1-14 last year were aggregated at $3.59 billion …
Read moreS-E Asia turns to India for maize on Myanmar unrest, surging freight rates
Malaysia, Thailand and Vietnam purchase Indian produce for poultry feed …
Read moreReal estate gets pvt equity investments of $3.2 bn in Q1: Report
19 deals took place in this period …
Read moreIMD forecasts normal monsoon this year
Likely to be 98 per cent long-period average …
Read moreBIS standards wreak havoc in metal packaging industry
Foreign suppliers unable to get certification due to Covid-19 restrictions leading to raw material crunch …
Read moreSigns of Economic Hope Are Growing, Some With Superlatives
Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth. …
Read moreJohn Williamson, 83, Dies; Economist Defined the ‘Washington Consensus’
A careful pragmatist, he regretted the way his term, aimed at developing countries, was misinterpreted by free-market ideologues and anti-globalization activists. …
Read morePE investment in realty jumps 16-fold in Jan-Mar at $3.2 bn: Report
Private equity investment in real estate jumped over 16-fold in January-March 2021 to USD 3.24 billion as several deals spilled over from last year, according to Knight Frank. The property consultant, in its report ‘Investments in Real Estate – Trends in PE Investments – Q1 2021’, said Indian real estate attracted private equity (debt and equity) investments of USD 3,241 million across 19 deals in Q1 2021. The investment stood at mere USD 199 million in Q1 of 2020 calendar year. “The strong momentum in Q1 2021 was predominantly driven by two major factors: a spill over of certain deals from 2020 and the rise in investor confidence due to the drop in COVID-19 infections during early parts of Q1 2021,” it said. Explaining the investment trend in the real estate industry, Shishir Baijal, chairman and managing director of Knight Frank India, said office assets continue to be the preferred segment attracting over 70 per cent of PE investments in Q1 2021. “While Q1 2021 has been an … …
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