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India Has Scope to Attract $90 Bn Debt Flows: RBI

India Has Scope to Attract $90 Bn Debt Flows: RBI

India has the space to attract debt flows of another $ 90 billion (around Rs 693,000 crore) given the threshold level of the country’s external debt, says a Reserve Bank of India study. “The empirical results suggest that as against...

Excise Cut on Fuel: FM Nirmala Sitharaman States Burden to Be Endured by Government

Excise Cut on Fuel: FM Nirmala Sitharaman States Burden to Be Endured by Government

Providing details of the cut in excise duty on fuels, Finance Minister Nirmala Sitharaman on Sunday said the excise duty cut of Rs 8/litre on petrol and Rs 6/litre on diesel has entirely been made in Road & Infrastructure Cess (RIC), which is...

Centre to spend $26 billion to tackle inflation that hit 8-yr high in April: Report

Centre to spend $26 billion to tackle inflation that hit 8-yr high in April: Report

The Indian government is considering to spend an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters. The new...

Things to check before choosing an optimal business loan

Things to check before choosing an optimal business loan

Running a business is no cake walk in the ultra-competitive and unforgiving corporate realm. With more and more businesses mushrooming in the industry and the dynamics of the market changing rapidly, it is hard for businesses to get a proper...

Apollo set To Invest $30 Million In India Over The Next 2 Years

Apollo set To Invest $30 Million In India Over The Next 2 Years

IT company Apollo aims to invest over USD 30 million (about Rs 232 crore) in India over the next two years. As part of its recent series-C funding of USD 110 million (about Rs 852 crore) led by Sequoia, the B2B sales intelligence and engagement...

Double-digit wholesale inflation to depreciate working capital for MSMEs

Double-digit wholesale inflation to depreciate working capital for MSMEs

Working capital of the Indian MSMEs would deteriorate further if the wholesale price inflation continues to remain in double digits, Aditya Birla Group's senior economist Dr. Madhavan Kutty said on Thursday. "MSMEs are badly hurt by...

Rupee value decrease 16 paise to record low of 77.60 against US dollar

Rupee value decrease 16 paise to record low of 77.60 against US dollar

The rupee on Wednesday has declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amidst the unabated foreign fund outflows and a stronger greenback in overseas markets. At the interbank foreign exchange market,...

Three Adani Group Companies Accept $2 Billion Investment from Abu Dhabi's IHC

Three Adani Group Companies Accept $2 Billion Investment from Abu Dhabi's IHC

Abu Dhabi-based global strategic investment firm, International Holding Company PJSC (IHC), announced today the completion of a Rs 15,400 crore ($2 billion) investment transaction in the Adani Portfolio companies, Adani Green Energy Limited...

Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent

Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent

Goldman Sachs is in advanced talks to invest about $350 million (Rs 2,700 crore) in API Holdings, the parent of online pharmacy PharmEasy, in a structured debt transaction, people in the know said. The debt will carry an interest rate of 14-15%...

Indian economy likely to grow 12-13 percent in Q1: states ICRA

Indian economy likely to grow 12-13 percent in Q1: states ICRA

Citing the second highest business activity index reading in 13 months in the month of April, rating agency Icra on Tuesday forecast the economy to grow 12-13 per cent in the first quarter of the current fiscal. However, Icra has maintained...

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