China has set a stronger trading band for its currency, the yuan, amid growing concerns over its rapid decline against the dollar. The country’s central bank, the People’s Bank of

In a momentous announcement on Monday, the World Bank rendered its seal of approval to bestow a staggering sum of USD 391 million in financing.

Two persons with knowledge of the conversations informed ET that Vulcan Steel, a privately held business owned by tycoon Naveen Jindal, is in talks with export credit agencies (ECAs) from

ASK Group is reportedly planning to raise a substantial sum of 10 billion rupees ($122 million) for its inaugural private credit fund, as revealed by individuals familiar with the matter.

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Over the last 11 days, the original crypto coin has risen 20% to two-month highs of $30,182 after BlackRock, the world’s largest asset manager, unveiled plans for a spot bitcoin

The Bank for International Settlements (BIS), the global central bank umbrella body, has issued a call for further interest rate hikes to address the persistent inflationary pressures affecting the world economy. In its annual report, the BIS warns that the global economy has reached a critical point, with countries struggling to rein in inflation and facing widespread financial vulnerabilities.

As per sources quoted by the media group it was claimed that Shree Cements had been diverting a substantial amount of Rs 1,200-1,400 crore annually through fraudulent means resulting in significant revenue losses for both the central and state governments. These losses were attributed to what was described as “fake agreements”.

Bold moves managed to reignite the enthusiasm of investors who had been disenchanted due to a series of unfortunate incidents, including the sudden downfall of the FTX exchange towards the

Apptio had been taken private by Vista Equity Partners in 2018 for a considerably lower amount of $1.94 billion. The company specializes in providing cloud-based and hybrid business management software,

The ongoing economic crisis in Pakistan has spurred a dramatic increase in irregular migration toward Europe, as individuals in dire circumstances seek enhanced prospects and financial stability overseas. Pakistan’s economy is grappling with severe challenges, characterized by soaring inflation and a contracting industrial sector, which has led to widespread unemployment and financial hardship. Against this backdrop, an escalating number of Pakistanis are resorting to illicit means to migrate to Europe, even at the peril of their lives.

As of March 2023, VRL possesses $1.7 billion in short-term investments, encompassing various bank deposits, quoted bonds, and mutual funds. Experts at CreditSites speculate that these investments could be liquidated