Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptos-270-billion-meltdown-gives-way-to-an-uneasy-calm/article65413217.ece Exchange-traded products linked to crypto also got hammered Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week. An
Category: ART
*****Google paying more than 300 European publishers for news, will add more | Business Standard News
Clipped from: https://www.business-standard.com/article/international/google-paying-more-than-300-european-publishers-for-news-will-add-more-122051100418_1.html Photo: Bloomberg By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google has signed deals to pay more than 300 publishers in Germany, France and
The Naveen Patnaik Model of Management : Nothing But The Truth, Ep 04 – India Today Podcasts News
Clipped from: https://www.indiatoday.in/india-today-podcasts/story/the-naveen-patnaik-model-of-management-nothing-but-the-truth-ep-04-1945079-2022-05-03 Pinpointing the reasons why Odisha CM Naveen Patnaik remains unbeatable Nothing But The Truth focusses on the enigmatic Naveen Patnaik and identifies the
India halts wheat export to fight soaring inflation at home – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/india-halts-export-of-wheat-to-fight-soaring-inflation-at-home/articleshow/91554594.cms Synopsis After the war hampered logistics in the Black Sea region, which accounts for about a quarter of all wheat trade, India has
IndiGo’s handling of a specially-abled flyer mirrors India’s general apathy towards disability rights | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/social-indifference/2524108/ But the perception arising from the IndiGo incident is that whatever training that the airline provided proved perfunctory in the end, and did
Share of gold in forex reserves rises to over 7% | The Financial Express
Clipped from: https://www.financialexpress.com/economy/share-of-gold-in-forex-reserves-rises-to-over-7/2522962/ “While 453.52 metric tonne of gold is held overseas in safe custody with the Bank of England and the Bank of International Settlements
*****Why Indonesia will be forced to revoke ban on palm oil exports by month-end – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/why-indonesia-will-be-forced-to-revoke-ban-on-palm-oil-exports/article65406893.ece Its domestic industry faces chaos with storages overflowing, farmers stopping production Indonesia will likely be forced to lift its ban on palm oil
*****Credit cards usage, issuances increase despite rise of UPI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/credit-cards-usage-issuances-increase-despite-rise-of-upi/article65410466.ece However, UPI P2M transactions have significantly eaten into share of card and other payment modes The Unified Payments Interface is the clear leader
RBI opens banks credit for NBFCs to on-lend continuously to priority sector | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-opens-banks-credit-for-nbfcs-to-on-lend-continuously-to-priority-sector-122051301279_1.html Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector
Sharp drop in procurement: Centre weighs 10% tax to rein in wheat exports | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/sharp-drop-in-procurement-centre-weighs-10-tax-to-rein-in-wheat-exports-122051400056_1.html Exporters’ mandatory registration on cards; PMO to decide on export ban Wheat flour prices in local markets have flared up in the past
*****Taper episode begins, will the Fed relent? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/taper-episode-begins-will-the-fed-relent/article65405070.ece Federal Reserve Chair Jerome Powell | Photo Credit: POOL Unlikely. Joe Biden is agnostic to markets and the large debt pile makes tightening
Why homebuyers are likely to pay less GST on buying under-construction properties – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/why-homebuyers-are-likely-to-pay-less-gst-on-buying-under-construction-properties/articleshow/91514032.cms Synopsis The Gujarat High Court has stated that how developers/builders will calculate GST on undercontruction property. The recent judgement will benefit home buyers
*****RBI likely to up inflation projection in June, mull more rate hikes: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-likely-to-up-inflation-projection-in-june-mull-more-rate-hikes-report-122051101354_1.html The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month. Photo: Bloomberg India’s
*Asian, EMs entering the late stages of a bear market: Morgan Stanley | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/asian-ems-entering-the-late-stages-of-a-bear-market-morgan-stanley-122051101086_1.html Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar Photo: Shutterstock Asian and emerging markets are
*****Exporters of services, job-sensitive sectors may benefit from rupee slide | The Financial Express
Clipped from: https://www.financialexpress.com/economy/exporters-of-services-job-sensitive-sectors-may-benefit-from-rupee-slide/2518260/ The depreciation will also partially soften the blow of elevated shipping costs and supply chain disruptions in the wake of the Russia-Ukraine crisis.
750 WhiteHat Jr employees quit over back-to-office, salary woes | The Financial Express
Clipped from: https://www.financialexpress.com/industry/750-whitehat-jr-employees-quit-over-back-to-office-salary-woes/2521161/ “Yes, people were asked to relocate and some chose to resign – that is a different story but 800 is a highly inflated
*****RBI unlikely to turn ultra-defensive on rupee: Central bank to revise inflation forecast in June | The Financial Express
No plan to buy govt debt to curb yield The central bank will revise its inflation forecast upwards in its June review, as price pressure
*****In a first, Turkey places orders for 50,000 t wheat from India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/in-a-first-turkey-places-orders-for-50000-t-wheat-from-india/articleshow/91477042.cms Synopsis Wheat prices shot up as Indian wheat is in demand in the global markets after exports from Ukraine came to a grinding
*****RBI takes futures, NDF route to protect Rupee, forex – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/rbi-takes-futures-ndf-route-to-protect-rupee-forex/articleshow/91479504.cms Synopsis The central bank is said to have sold dollars in the futures market and the offshore non-deliverable forwards (NDF) markets to prevent
*****Is there a wheat crisis? Centre has reasons to be cautious, but there’s no need for panic or abrupt measures at this stage | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/is-there-a-wheat-crisis-centre-has-reasons-to-be-cautious-but-theres-no-need-for-panic-or-abrupt-measures-at-this-stage/2518062/ There is intense private activity in the markets, and wheat is reportedly being bought at prices ‘slightly above MSP’. Government procurement, understandably, is