Business

Washington: The US Treasury issued a general license on Monday to allow certain energy-related transactions with Russia until June 24, 2022, thus exempting them from Ukraine-related sanctions."Except as provided in paragraph (c) of this general license, all transactions...

Moscow: The Central Bank of the Russian Federation (Bank of Russia) says it has temporarily banned brokers from selling securities on behalf of foreign clients starting Monday."Beginning February 28, 2022, the Bank of Russia is introducing a...

Founded in 1973, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, actually doesn't handle any transfers of funds itself.But its messaging system, developed in the 1970s to replace relying upon Telex machines, provides banks the means to communicate...

Brussels: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system says it is aware of the new decision by Western countries to work on ensuring that certain Russian banks are disconnected from SWIFT."We are engaging with European...

New Delhi: Union Cabinet on Saturday approved amendments to permit Foreign Direct Investment (FDI) in Life Insurance Corporation of India (LIC) and further simplified and enhanced the existing FDI Policy.Now, FDI up to 20 per cent under the...

Mumbai: Telecom operator Bharti Airtel on Friday said it has entered into an agreement with Vodafone to acquire 4.7 per cent equity interest in Indus Towers provided that the British firm telecom operator utilizes the proceeds of the...

Kyiv: The Central Bank of Ukraine has prohibited foreign exchange transactions in Russian and Belarusian rubles."Authorised institutions are banned from conducting any currency transactions using Russian rubles and Belarusian rubles," the bank said.The Central Bank also barred...

Washington: The World Bank Group is ready to provide Ukraine with immediate financial support amid the conflict with Russia, President David Malpass said. "We stand ready to provide immediate support to Ukraine and are preparing options for such support,...

Mumbai: Stock markets crashed on Thursday as Russia ordered military operations in Ukraine triggering panic among investors.The BSE Sensex was down 1,613 points or 2.82 per cent at 10:45 AM. All sectoral indices traded in red amid fears...

Berlin: German Chancellor Olaf Scholz has called a halt to the Nord Stream 2 Baltic Sea gas pipeline project as a result of Russia's “invasion” of two separatist regions of Ukraine.The Nord Stream 2 pipeline was meant to...