The Reserve Bank of India (RBI) has given Reliance Industries, the largest firm in the nation by market value, permission to keep $2 billion in addition to the $3 billion it raised in the previous fiscal year under the largest syndicated credit facility in years.

Analysts have cautioned that the unemployment in China’s youth rate might increase much more this summer, adding to the government’s difficulties in reviving the nation’s sluggish post-Covid economy. Chinese grads

China is anticipated to reduce key lending benchmarks in an effort to bolster it’s slowing economic recovery. The move comes after recent data indicated struggles in the retail and factory sectors, raising concerns about the potential stalling of China’s post-COVID comeback and the accompanying risk of significant job losses.

Goldman Sachs Group Inc. has reduced its projections for China’s economic growth, citing the Asian country’s limited alternatives for increasing stimulus. Bloomberg stated that the bank cut its forecast for China’s GDP growth this year to 5.4% from 6% earlier.

Looking ahead Asian investors eagerly await China’s loan prime rate decision scheduled for Tuesday. This follows the recent reduction of key lending rates by the world’s second-largest economy. The outcome of this decision holds significant importance for the financial landscape. In a rather tumultuous turn of events, the Asia markets experienced a predominantly downward trajectory on Monday.

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Bharti Airtel is considering an offshore bond offering to generate up to $1 billion, or roughly Rs 8,200 crore, to pay off high-cost debt, strengthen its balance sheet, and cover

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

In recent days, there has been a surge in bullish options trades on several US-listed Chinese exchange-traded funds (ETFs).

According to two insiders, if the transaction is completed, it will become the largest procurement of road projects by the private equity (PE) firm, headquartered in the United States, in

The US Federal Reserve clings to crucial interest rates but implies future rate booms to curb towering inflation. F