Economy


NTPC Gets Shareholders' Nod To Raise Up To Rs 12,000 Cr Via Bonds

Banking - Published date: .

NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures on pri... Read more

After 'substantial' New Hiring Cuts, Snapchat Planning To Sack Workers

Banking - Published date: .

Joining the league of Big Tech companies who have laid off employees, photo-sharing platform Snapchat is set to sack wor... Read more

StrideOne Raises Rs 250 Cr To Help Startups Meet Financing Needs

Banking - Published date: .

Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led b... Read more

UK Economy Unexpectedly Shrinks In March As Recession Risks Loom

Funds - Published date: .

The BoE has raised interest rates four times since December, and is likely to increase them further this year to tame in... Read more

UK To Enter Recession This Year, Think-tank NIESR Forecasts

Funds - Published date: .

NIESR cut its UK growth forecast for 2022 to 3.5% from 4.8%, and downgraded its 2023 forecast to 0.8% from 1.3% Read more

ARK's Wood Sees Global Recession, Blames Market Selloff On Fed Hike Plan

Funds - Published date: .

The benchmark S&P 500 is down approximately 16% for the year to date, near the 20% decline that typically signifies ... Read more

Wall Street Eyes Lower Open After Fed-driven Rally

Funds - Published date: .

The tech-heavy Nasdaq has declined 17.1% year-to-date, compared with a 9.8% drop in the S&P 500 and a 6.3% fall in t... Read more

Sri Lankan Tea Pickers' Dreams Shattered By Economic Crisis

Funds - Published date: .

The COVID-19 pandemic severed the tourism lifeline of the Indian Ocean nation, already short of revenue in the wake of s... Read more

IMF Warns Asia Faces 'stagflationary' Economic Outlook

Funds - Published date: .

In its latest forecast issued this month, the IMF said it expects Asia's economy to expand 4.9% this year Read more

Temporary Aid Can Offset Inflation Hit To Families: IMF Official

Funds - Published date: .

Governments can alleviate impact of the price jumps with "targeted measures to try to support vulnerable populations" Read more

World Bank Planning New $170 Bn Crisis Fund: Malpass

Funds - Published date: .

G20 finance ministers will meet on Wednesday on the spring meetings' sidelines. Read more

Pinbox Gets Seed Capital From ADB Ventures To Expand Micro Pension Coverage

Banking - Published date: .

Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to und... Read more

Sri Lanka Cancels School Exams Due To Shortage Of Printing Paper, Ink

Funds - Published date: .

The economic crisis faced by Sri Lanka is only worsening with each passing day, the country has now cancelled school exa... Read more

DHFL Case: CoC Members Nix Recovery Of Rs 40k Cr, Want Re 1 Ascribed Value

Banking - Published date: .

Some secured creditors of DHFL have filed a petition in SC against NCLAT order, which gives them more money than what th... Read more

Fearful Wall Street Awaits Fed's Next Moves On Inflation

Funds - Published date: .

The Fed is the world's most influential central bank, and its policies have implications for lending globally. Read more

'Heating Or Eating': Britons Struggle With Rising Costs

Funds - Published date: .

The cost of living in Britain is forecast to soar even higher in April Read more

NTPC Plans To Raise Up To Rs 5,570 Crore Via External Commercial Borrowing

Banking - Published date: .

State-owned NTPC has invited a request for proposal (RFP) for raising up to USD 750 million (around Rs 5,570 crore) via ... Read more

Global Growth Could Slow Sharply Due To Omicron: World Bank

Funds - Published date: .

The world's biggest economic powers, the United States and China, have not been spared from the economic impact of Omicr... Read more

In Cuba, Queueing For Hours 'just To Be Able To Eat'

Funds - Published date: .

Often, police are at hand to keep order in queues that stretch down several street blocks. Read more

Let's Target To Create 75 More Unicorns By 2022-end: Piyush Goyal

Banking - Published date: .

The minister called upon stakeholders in the innovation ecosystem to strive to take India to the top 25 in the Global In... Read more