I’m More Optimistic Today About India: World Bank President Ajay Banga
“I am more optimistic today about India as a whole, economically, than I have been for a long time,” he added.
In Following Three Years, Temasek Holdings Will Invest An Additional $9 To $10 Billion In India
Given that it is connected to consumption, digitalization, and lifespan, the company has a sizable portfolio in the financial services sector in India. It is exposed to insurance firms, banks, NBFCs, and fintech.
Bangladesh Moves Beyond Dollar To Settle Trade With India In Rupee
Bangladesh Bank and the Indian High Commission are expected to announce the news regarding the Indian currency at an event at Le Meridien Hotel in Dhaka tomorrow.
India’s Forex Reserves Up By $1.9 Bn To $595.1 Bn
The country's reserve position with the IMF was down $118 million to $5 billion in the reporting week, the apex bank data showed.
High GST Collection Reflects India’s Upbeat Economic Trend
This high collection of GST indicates that consumption levels are going up in the country and economic activities are rising.
RBI Revokes Licenses of Two Cooperative Banks in Maharashtra and Karnataka
The Reserve Bank of India (RBI) has decided to cancel the banking licenses of two cooperative banks operating in Maharashtra and Karnataka.
Stocks In News: Reliance Industries, Ideaforge Technology, Titan Company And More
Check out the companies making headlines before the opening bell.
‘Good Credit Shape’ For Indian Businesses; S&P
S&P forecasts median debt-to-EBITDA ratio for its rated portfolio will fall to about 2.4 by March 2024 from about 2.7 the year before. That figure stood at 4.3 as of March 2020.
In High-Yield Battle, India May Beat Indonesia As Top Asia Trade
The Indian currency offers higher compensation for risk than the rupiah, with a carry-to-risk ratio of 2.8 compared with just 0.5 for Indonesia, according to data compiled by Bloomberg.
India’s Forex Reserves Up $2.4 bn To $596.1 bn
Gold reserves dropped by $324 million to $45.049 billion, the RBI said.
