Ens Economic Bureau
The Indian Express
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Past articles by Ens:
RBI imposes Rs 3.06 crore penalty on Amazon Pay
Accordingly, notice was issued to the entity advising it to show cause as to why penalty should not be imposed for non-compliance with the directions, the central bank said. → Read More
Domestic LPG price hiked by Rs 50 per 14.2-kg cylinder, first hike since July 2022
With this price increase, in effect from March 1, a 14.2-kg domestic LPG cylinder has been priced at Rs 1,103 in Delhi, Rs 1,102.50 in Mumbai, Rs 1,129 in Kolkata, and Rs 1,118.50 in Chennai → Read More
Manufacturing pulls down India’s GDP growth to 4.4%
High frequency indicators like vehicle sales, PMI show growth, says CEA. → Read More
Air India to finance aircraft purchases through cash flow, Tata equity, sale and leaseback options: CEO
Apart from the order for new aircraft, the Tata Group airline is already in the process of leasing 36 planes, two of which have already joined its fleet. → Read More
At G20 finance meet, Modi calls for stability; Ukraine tensions flare
In a pre-recorded video message at the start of the two-day meeting, the Prime Minister said many countries, especially developing economies, are still coping with the after-effects of the Covid-19 pandemic, which delivered a “once-in-a-century” blow to the global economy. → Read More
UPI goes global: India, Singapore start instant fund transfer; PM Modi hails new era
Prime Minister Narendra Modi, while saying Unified Payments Interface (UPI) was the most preferred payment mechanism in India, hailed its integration with Singapore's PayNow said called it a gift to citizens of the two countries. → Read More
With option to buy 370 more planes, Air India’s mega 470-aircraft order could end up even bigger at 840
The current 470-aircraft order is the largest placed by an airline in one go anywhere in the world, beating the 2011 order by American Airlines for a combined 460 aircraft → Read More
Rewind: How Finance, Niti Aayog had flagged objections before Adanis bid, got six airports
A year after it won the bids for the six airports, the Adani Group signed concession agreements for Ahmedabad, Mangaluru and Lucknow airports in February 2020. → Read More
Adani mixed bag: S&P outlook negative, Fitch & Moody a little positive
“There have been media reports expressing concern about the exposures of Indian banks to a business conglomerate. As per the RBI’s current assessment, the banking sector remains resilient and stable,” the central bank said in a release. → Read More
Adani public offer to close today; stock at 7-12% discount
The slide in the fortune of Adani Group and its founder Gautam Adani continued Monday as shares of four of the nine listed group companies hit the lower circuit and two others fell. → Read More
Adani Group shares slide further; lose nearly Rs 3.4 lakh crore in market cap by Friday afternoon
The Adani Group on Thursday said that it is planning to sue Hindenburg Research which came out with a "maliciously mischievous" report alleging “brazen stock manipulation and accounting fraud scheme” over the course of decades by the group. → Read More
Air India ‘could’ve handled urination row better’, de-rosters pilot and 4 crew members
CEO Campbell Wilson also says the airline is starting a comprehensive education programme to strengthen the crew’s awareness of and compliance with policies on handling incidents and unruly passengers. → Read More
Govt, RBI in talks with few South Asian countries for rupee trade: Shaktikanta Das
Speaking on the liquidity measures which the Reserve Bank’s undertook during the covid 19 pandemic, Das said the steps were targeted, calibrated and had sunset dates → Read More
RIL’s retail arm buys METRO Cash & Carry for Rs 2,850 crore
Through this acquisition, Reliance Retail gets access to a wide network of METRO India stores located in prime locations across key cities, a large base of registered kiranas and other institutional customers, strong supplier network and some of the global best practices implemented by METRO in India → Read More
Growth forecast: RBI cuts GDP growth rate
Meanwhile, the RBI has forecast Q3 growth at 4.4 per cent and Q4 at 4.2 per cent. → Read More
RBI to launch e-rupee for retail customers on December 1
Digital rupee to be available in Mumbai, New Delhi, Bengaluru, Bhubaneswar initially; more cities will be added later → Read More
Paytm shares plunges over 11% to record low
RIL said recently it plans to build a financial services business called Jio Financial Services (JFS) and leverage its fast-growing retail business. The entity will eventually list on the bourses. → Read More
Slower rise in food prices helps ease retail inflation to 6.77%, still over RBI tolerance
Retail inflation has stayed above the RBI Monetary Policy Committee’s tolerance band of 2-6 per cent for over three successive quarters with the October print marking the tenth month of staying above 6 per cent and three years of staying over 4 per cent. → Read More
Sensex back at 60,000, rises 1% in line with Asian peers
The strong opening on Monday came in line with global markets as Nikkei and Japan and Hang Seng in Hong Kong were up by 1.6 per cent and 0.9 per cent respectively. → Read More
Internationalisation of rupee has risks but they are unavoidable: RBI deputy governor
Internationalisation of the rupee is a process that involves increasing use of the local currency in cross-border transactions. It involves promoting the rupee for import and export trade and then other current account transactions followed by its use in capital account transactions. → Read More