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40% of Indians see a loss in their finances as a result of inflation-thumnail

40% of Indians see a loss in their finances as a result of inflation

According to a YouGov study, during the last year, high inflation reduced the disposable income of over 40% of urban Indians, yet the country had one of the smallest declines in comparison to other foreign markets.

Finance

Jun 21, 2023

Reliance is the most valued private sector company according to the Hurun Report 2022, followed by TCS and HDFC Bank-thumnail

Reliance is the most valued private sector company according to the Hurun Report 2022, followed by TCS and HDFC Bank

Reliance Industries Ltd., owned by Mukesh Ambani, is ranked first on Hurun India’s 2022 Burgundy Private Hurun India 500 list, which was published on Tuesday.  According to market capitalization and

Finance

Jun 21, 2023

Mastercard Launches Global Card Recycling Project to Reduce Plastic Waste-thumnail

Mastercard Launches Global Card Recycling Project to Reduce Plastic Waste

In a significant move to address the mounting plastic waste problem, Mastercard has introduced a worldwide initiative aimed at recycling credit and debit cards. The company’s project intends to divert

Finance

Jun 21, 2023

British Inflation Remains Stubbornly High at 8.7% in May, Anticipating Further Interest Rate Hike-thumnail

British Inflation Remains Stubbornly High at 8.7% in May, Anticipating Further Interest Rate Hike

Official figures released on Wednesday revealed that British consumer price inflation exceeded expectations, remaining at a high level of 8.7% in May. This news comes a day before the Bank

Finance

Jun 21, 2023

In its first close for climate fund, Avaana Capital secured $70 million-thumnail

In its first close for climate fund, Avaana Capital secured $70 million

The first closing of the Avaana Climate and Sustainability Fund has commitments totaling $70 million, according to a statement released by the venture capital firm Avaana Capital on Wednesday.

Finance

Jun 21, 2023

RBI approves the request of RIL to retain $2 billion from lenders-thumnail

RBI approves the request of RIL to retain $2 billion from lenders

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.

Business

Jun 21, 2023

China’s youth face a depressing work market due to record unemployment-thumnail

China’s youth face a depressing work market due to record unemployment

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

Economy

Jun 20, 2023

China Expected to Cut Key Lending Benchmarks to Boost Slowing Economy-thumnail

China Expected to Cut Key Lending Benchmarks to Boost Slowing Economy

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.

Economy

Jun 19, 2023

Based on inadequate intervention, Goldman Sachs reduces China’s GDP prediction to 5.4%-thumnail

Based on inadequate intervention, Goldman Sachs reduces China’s GDP prediction to 5.4%

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.

Economy

Jun 19, 2023

Asia markets witnessed a decline ahead of China’s loan prime rate decision-thumnail

Asia markets witnessed a decline ahead of China’s loan prime rate decision

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.

Finance

Jun 19, 2023

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

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

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

Business

Jun 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

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.

Business

Jun 19, 2023


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