LARGIE

The Indian economy is estimated to grow marginally slower in the current fiscal year that ends in March than forecasts had showed earlier, as the impact of the Covid-19 pandemic hurt expansion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/E2DNBdr via IFTTT

A host of measures are afoot in the financial sector in response to the Russian crisis. These are aimed at ensuring continuation of trade with Russia and insulating the forex market from volatility. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yHAns38 via IFTTT

The Russia-Ukraine crisis has got the government particularly worried about Indian exports, FM Nirmala Sitharaman said here on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N2wjvuZ via IFTTT

New Sebi chief Madhabi Puri Buch was an executive director at ICICI Bank and before that she headed the lender's broking arm, ICICI Securities. Before joining Sebi, she also had a short stint at a private equity firm in Singapore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UYvGDtO via IFTTT

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India's top refiner Indian Oil Corp (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/U3A1QpH via IFTTT

India is worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, finance minister Nirmala Sitharaman said on Monday. Interacting with industry captains at an event here, Sitharaman said the Centre was seized of the matter and discussions were on between ministries for a "complete assessment" on the issue. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mMlgSV4 via IFTTT

With just a month left for the current financial year to end, taxpayers are again rushing to invest in popular tax-saving options. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1Twbujf via IFTTT

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India is trying to get more of Ukraine’s east European neighbours on board for allowing access to Indians from the war-torn country so that they could be flown home from there. Polish ambassador to India Adam Burakowski on Sunday Tweeted that the country “is allowing all Indian students who escape from Russian aggression in Ukraine to enter without any visa.” from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bkcMvJj via IFTTT

India’s crude cost has topped $100/barrel on the back of surge in global benchmark prices and the US dollar breached the Rs 75-mark to widen the under-recovery on petrol and diesel to over Rs 10, making a prolonged spell of upward revision in fuel prices inevitable without tax cuts. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MJDcZqP via IFTTT

The United States has waived in-person interview requirements for many visa applicants, including students and workers, at its diplomatic missions in India through December 31 this year, a senior American diplomat has told Indian community leaders. These applicants eligible for the waiver are students (F, M, and academic J visas), workers (H-1, H-2, H-3, and individual L visas), Culture and extraordinary ability (O, P, and Q visas). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bGx5rSZ via IFTTT

Elon Musk said Saturday his company SpaceX's Starlink satellite broadband service had been activated in Ukraine, after a Kyiv official urged the tech titan to provide his embattled country with stations. "Starlink service is now active in Ukraine," Musk tweeted, adding "more terminals en route." The tweet came some 10 hours after Ukrainian Minister of Digital Transformation Mykhailo Fedorov urged Musk to provide Starlink services to Ukraine, days after it was invaded by neighboring Russia. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vI1YpnN via IFTTT

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Billionaire Mukesh Ambani's Reliance Industries Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8XfazDt via IFTTT

The Cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the state-run insurer.India's biggest insurance company plans to float a stake of 5% to raise about $8 billion next month for the south Asian nation's largest initial public offering (IPO) by far. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YtOEWk0 via IFTTT

The Union Cabinet is likely to consider on Saturday a proposal seeking changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, sources said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DmsOENM via IFTTT

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India and Russia bilateral payments are made in Indian rupee. For both imports and exports, payments are made or received in rupee for shipments. So, sanctions by the West may not have an impact on the payments, barring exchange rate fluctuation, sources said on Friday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bAElgPz via IFTTT

A few international flights to and from India also could get marginally longer with some countries barring Russian planes from their airspace and then asking their airlines to avoid parts of Russian airspace. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ch5Y0LZ via IFTTT

Unilever Plc’s India unit has split the chairman and managing director’s role, with Sanjiv Mehta continuing as MD and Nitin Paranjpe to take over as nonexecutive chairman. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yzKYl9T via IFTTT

Dalal Street investors pressed the panic button on Thursday morning as Russian forces invaded its neighbour Ukraine, the first such attack on an independent nation in Europe since the end of World War II. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FaTyeq6 via IFTTT

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The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fQMD5IP via IFTTT

Amid prolonged uncertainty, continued policy support will be crucial for sustained economic recovery from the coronavirus pandemic, Reserve Bank governor Shaktikanta Das said at the recent meeting of the Monetary Policy Committee. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZSKi8lg via IFTTT

Government officials on Thursday went into a huddle to access the impact of Russian aggression in Ukraine on the Indian economy and began preparing contingency plans to combat a possible spike in inflation due to a rise in oil prices and the country's external trade being impacted. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K4vOkJy via IFTTT

The Gujarat plant of Japanese carmaker Suzuki Motor could be used to manufacture electric cars for both Maruti and Toyota, a top Maruti Suzuki official said on Wednesday, confirming that discussions are on. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xAsd3QR via IFTTT

The Supreme Court on Wednesday said an early verdict from NCLAT on Amazon’s challenge to a CCI order suspending approval of the multinational’s Rs 1,431-crore investment in Future Coupons would help resolve the pitched legal battle to wrest control of Future’s mega retail assets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Tb1eW3L via IFTTT

Indian and South Asian listeners across the US, UAE, Qatar, and Bahrain can now install the Mirchi app on their Apple and Android smartphones as well as on Android Auto and Apple Car play systems. More countries are expected to be added to the list soon. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/s1hR8Yq via IFTTT

The Dow Jones Industrial Average fell 464.85 points, or 1.38%, to 33,131.76, the S&P 500 lost 79.26 points, or 1.84%, to 4,225.5 and the Nasdaq Composite dropped 344.03 points, or 2.57%, to 13,037.49. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QqtPJK2 via IFTTT

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The escalation in the fight between BharatPe co-founder Ashneer Grover and the investors in the fintech startup took an ugly turn on Wednesday with the sacking of Madhuri Jain Grover, Ashneer’s wife and head of controls at the company, over allegations of misappropriation of funds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qQlP4xZ via IFTTT

Finance minister Nirmala Sitharaman urged chiefs of banks and non-banking finance companies (NBFCs) on Tuesday to join the account aggregator framework to extend the flow of credit to small borrowers and promote digital lending. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ahdDBG0 via IFTTT

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Bengaluru and US-based open-source engine Hasura has raised $100 million in a funding round led by Greenoaks that values the company at $1 billion. Existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures have also participated in the round. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fQANLkz via IFTTT

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The high-paced development in decentralised finance, or DeFi, is increasing pressure to launch official digital currencies as those following the new world are sitting still, according to Capgemini’s chief technology and innovation officer for financial services, Sudhir Pai. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/X0sLu2f via IFTTT

Funding in global and Indian crypto ventures hit a record high in 2021 despite uncertainties on legal and policy fronts. Blockchain platform Polygon recently raised $450 million. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AslfyHD via IFTTT

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