Finance
A look back at journey of Rupee since India’s Independence

New Delhi [India], August 15 (ANI): India is celebrating its 75th year of Independence and is at the crossroads of realising a resilient economic growth for its people during the next 25 years – what the government terms the country’s “Amrit Kaal”. Keeping other aspects of the economy aside, let us have a glance at […]

Updated: Aug 15, 2022
US Employers Struggle to Find Enough Workers

WASHINGTON – Salespeople, food servers, postal workers — ‘Help Wanted’ ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash of early retirements and restrictive immigration laws. More than 10 million openings went unfilled in June, according to government data, while fewer than […]

Updated: Aug 14, 2022
Congress OKs Democrats’ Climate, Tax, Health Bill, a Biden Triumph

washington – A divided Congress gave final approval Friday to Democrats’ flagship climate, tax and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster its prospects for keeping control of Congress in November’s elections. The House used a party-line 220-207 vote to pass the legislation, […]

Updated: Aug 12, 2022
Power Restored in Toronto After Outage Leaves Businesses in Dark

TORONTO – Power was restored in downtown Toronto on Thursday after an outage left the offices of Canada’s top businesses in the dark, forced the evacuation of one of the city’s biggest shopping malls and trapped people in elevators. Hydro One, Ontario’s biggest electricity distribution company, said a barge moving a crane hit three high-voltage […]

Updated: Aug 12, 2022
Indian stocks rise sharply as inflation in US moderates

New Delhi [India], August 11 (ANI): Indian stocks rallied sharply on Thursday morning after consumer inflation in the US showed some moderation in July. Investor sentiments were firm on hopes that inflation has probably plateaued. At 0926 IST, Sensex traded at 59,374.61 points, up 557.32 points or 0.95 per cent, whereas Nifty traded at 17,680.10 […]

Updated: Aug 11, 2022
Sensex, Nifty start day on tepid note; ICICI Bank, RIL rise

Mumbai (Maharashtra) [India], August 10 (ANI): The Indian stock market’s key indices, Sensex and Nifty, started the day on a tepid note on Wednesday amid negative global cues. The 30 stock SP BSE Sensex started the day in the positive at 58,977.34 points. However, the index soon slipped into the red hitting a low of […]

Updated: Aug 10, 2022
Australian central bank proposes centralized digital currency

SYDNEY, Aug. 9 (Xinhua) — Australia’s central bank, the Reserve Bank of Australia (RBA), has embarked on a project to explore the potential uses for a federally backed digital currency. The RBA announced on Tuesday that, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), it would run a year-long, limited-scale trial of a […]

Updated: Aug 9, 2022
Indian stock indices start fresh week on steady note

New Delhi [India], August 8 (ANI): The Indian stock indices started the fresh week largely steady as the benchmark indices – Sensex and Nifty – traded in a range of (/-) 0.1 from Friday’s closing. Among the Nifty 50 stocks, 30 were in the green and the rest in red, National Stock Exchange data showed. […]

Updated: Aug 8, 2022
Monetary policy over, stock investors’ focus shifts to inflation data

New Delhi [India], August 7 (ANI): With the Reserve Bank of India’s monetary policy committee meeting over on Friday, the focus of Indian stock market investors will now shift to inflation data, both in India and the US, expected next week. Inflation in the US is currently at a multi-decadal high. In India, retail inflation […]

Updated: Aug 7, 2022
Myanmar relaxes currency conversion order for exporters

YANGON, Aug. 6 (Xinhua) — The Central Bank of Myanmar (CBM) has relaxed its foreign currency conversion order, allowing exporters to compulsorily convert only 65 percent of their earnings into kyats. The central bank issued the directives on Friday with immediate effect. Exporters in the Southeast Asian country were previously required to compulsorily convert 100 […]

Updated: Aug 6, 2022