Business

Kolkata: Rajnish Kumar, former Chairman of State Bank of India, has opined that Non-Banking Financial Companies (NBFCs) need to diversify risks across sectors and geographies as well as maintain capital adequacy norms and introduce core banking solutions going...

London: The United Kingdom prices continued to rise at their fastest rate in 40 years due to climbing food, energy and fuel costs, BBC reported on Wednesday.Inflation in the UK edged up to 9.1 per cent in the 12...

Hyderabad: The number of overall tenders floated (with a value above Rs 2.5 billion) across all divisions in the construction space grew 11% YoY in FY22 to Rs 8,901 billion, signifying the impetus shown by the central and state...

Mumbai: Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, and its subsidiaries have secured new orders/notification of awards of Rs 2,290 Crores at the consolidated level.The company received orders...

Washington: Workers at an Apple store in Maryland have voted to form a union, thus establishing the tech giant's first retail union in the United States, BBC reported on Sunday.The employees of the shop in Towson passed the...

Washington: The dollar’s international standing could be impacted by the swift evolution in global finance, especially in cryptocurrencies, despite the US currency’s reign as a store of value, Federal Reserve Chairman Jerome Powell said Friday.“Looking forward, rapid changes are...

New Delhi: Terming increase in Aviation Turbine Fuel (ATF) prices as sustainable, SpiceJet Managing Director Ajay Singh on Thursday suggested a minimum of 10-15 per cent increase in the airfare.In a statement, he said, “The sharp increase in jet...

Kolkata: LinkedIn, the world’s largest professional network, on Wednesday announced a three-year partnership with UN Women, the United Nations entity dedicated to gender equality, to advance women’s economic empowerment.The project will launch with a $500,000 pilot in India to...

Kolkata: Microfinance Institutions Network (MFIN), the microfinance industry association and an RBI-recognized self-regulatory organization, on Wednesday released the 41st issue of its Micrometer report for the financial year ending March 31, 2022, i.e., Q4 FY 21-22 quarter.Microfinance loan portfolio...

By Duruthu Edirimuni ChandrasekeraColombo:  The intent in investing in Sri Lanka is to address the needs of a valued neighbour, a "disappointed" Adani Group said while reacting to a massive controversy over an energy project in the island nation...