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‘Standards In India Above Par': HDFC Bank Director Keki Mistry On Corporate Governance
For The Core Report Weekend Edition, Govindraj Ethiraj spoke to Keki Mistry about Indian financial institutions and the world of finance at large
BRICS Is Expanding, Surprising And Confounding Sceptics
BRICS will now be expanded to include Iran, Saudi Arabia, Egypt, the UAE, Argentina and Ethiopia. The six countries are expected to become members starting 1 January, 2024.
India Achieves A Successful Moon Landing
Chandrayaan-3 successfully demonstrated a safe and soft landing on the lunar surface, and will follow with its other mission objectives to demonstrate its rover roving on the Moon, and to conduct in-situ scientific experiments.
Rating Agency ICRA And State Bank Of India Put Out GDP Projections
ICRA Ratings has said India's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal from the 6.1 per cent growth rate witnessed in the preceding January-March quarter.
Jio Financial Listing Surprises Markets...On The Downside
Jio Financial is largely expected to shake up the NBFC space by taking on incumbents like Bajaj Finance. It also has the beginnings of a strong team led by former ICICI Chairman K V Kamath
India's First Semiconductor Chip Company Starts Production
Delhi-based Sahasra Electronics is set to commercially launch the first Made in India memory chips next month. The present semiconductor project got going on January 21 and test runs have been taking place since March.
Rupee Falls To A Record Low Against The Dollar
The rupee closed at 83.15 a dollar, the lowest close ever, down 0.23 percent from its previous close of 82.96 and the Last time the Rupee hit a record low intraday was at 83.29 on 20 October 2022.
US Banking Industry Braces For Downgrades As Indian Banking Industry Gets Upgrades
A Fitch Ratings analyst has warned that the U.S. banking industry is facing the risk of sweeping rating downgrades on dozens of banks that could even include the likes of JPMorgan Chase
India Joins The Global Manufacturing Subsidy Race
The Indian Government is rolling out subsidies for semiconductor and mobiles phone manufacturing and light engineering goods, through Productivity Linked Incentives or PLI schemes
Private Banks And Their Customers Grapple With Massive Attrition
India's private banks are witnessing a spike in attrition rates, especially among younger, frontline staff. According to reports, lenders are seeing one in three entry level staff quitting in a year.
The RBI Does A Sleight Of Hand
The RBI has asked all scheduled banks to maintain an Incremental Cash Reserve Ratio of 10% with effect August 12 which is meant to absorb surplus liquidity in the system
The Reserve Bank Must Address Food Inflation
The RBI had said that "The recent spike in tomato prices on account of crop damage due to inclement weather and pest attacks in the major production belts has received widespread attention as it has taken a toll on households' budgets."
