Economy – Page 166 – Asian News from UK

Mnuchin asks Fed to return unused emergency funds

US Treasury Secretary Steven Mnuchin has asked the Federal Reserve to end five emergency Covid-19 lending facilities and return $455 billion of unused funds. “I am requesting that the Federal Reserve return

November 20, 2020

-Top News·Economy

India’s Data Centre Sector Gets $396 Mn Investment this year

The Indian data centre industry has attracted investments totalling around $396 million during January-September 2020, a report by Anarock and Mace said on Thursday. “The Indian data centre industry has attracted close

November 19, 2020

Business·Economy

Indian stock markets set for ‘mother of bull run’: Report

A ‘mother of bull run’ is being predicted for the Indian stock markets, which will start early next year and last till 2024-25. Phillip Capital said in a report that one can

November 18, 2020

Business·Economy·India News

US Fed chief reiterates call for more fiscal support

Despite recent news on vaccine development, Powell cautioned that significant downside risks for the economy remain, as widespread vaccination is still months away even in the best case…reports Asian Lite News US

November 18, 2020

-Top News·Economy·USA

Apparel Exporters Seek Special Pre FTA Deal With UK

Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, has urged the government to strike a pre-FTA preferential trade deal to remove the tariff disadvantage faced by Indian apparels in the UK. In

November 18, 2020

Business·Economy·India News·UK News

RBI mulls LVB’s amalgamation with DBS Bank

The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the Reserve Bank of India’s (RBI) draft scheme for its amalgamation with DBS Bank India. The

November 18, 2020

Business·Economy

Indian Banks’ NPLs near FY14 levels: Report

The bad loan scenario in Indian banks has improved as the net non-performing loans (NPL) are at a six-year-low. According to a report by Kotak Institutional Equities, net NPLs for banks are

November 18, 2020

Economy·India News

Kris Gopalakrishnan to become first Chairperson of RBI’s innovation hub

The Reserve Bank of India (RBI) has appointed Infosys co-founder Senapathy (Kris) Gopalakrishnan as Chairperson of the RBI Innovation Hub (RBIH). The RBI in its Monetary Policy Statement on Development and Regulatory

November 17, 2020

Business·Economy

India opens more sectors to foreign investment

India’s Department for Promotion of Industry and Internal Trade, DPIIT, has notified the opening up in more sectors for foreign direct investment. These sectors are single-brand retail trading, contract manufacturing and coal

November 17, 2020

Business·Economy

BPCL Shares Down As major Oil Giants Skip the Race

Shares of the state-run petroleum major Bharat Petroleum Corp. Ltd. (BPCL) fell nearly five per cent a day after the deadline for submitting bids for the strategic sale of the company ended.

November 17, 2020

Business·Economy·India News

Economy - Page 166