Month: September 2022

The government on Wednesday raised fiscal support for new semiconductor facilities up to 50% and said it is doing away with capping incentives for chip production at a maximum of … Read More

Global rating agency S&P on Tuesday said even though the US and the Euro zone are headed to recession, India is unlikely to face the impact given the “not so … Read More

Wipro Chairman Rishad Premji on Wednesday said the company had found its 300 employees worked with one of its competitors at the same time, and added that action was taken … Read More

The rupee weakened significantly, with 80 per dollar just a whisker away as the greenback hit a new two-decade high. NDTV Profit-Latest

Stock Market India: Equity benchmarks closed lower, stalling a two-day rally even as global markets were muted ahead of the Fed meeting later in the day. NDTV Profit-Latest

Volkswagen Passenger Cars India on Wednesday said it will increase prices of its entire product range by up to 2 per cent from October 1 in order to offset the … Read More

India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services The Hindu – Economy

On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part … Read More

The banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by … Read More

The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any … Read More