NEWS
Ghana to use UPI payment infrastructure, consider local currency trade settlement
07 May 2024
India and Ghana have agreed to work towards operationalisation of India’s Unified Payment Interface (UPI) on the Ghana Interbank Payment and Settlement Systems (GHIPSS)
Spanish banks BBVA and Sabadell weigh $12.93 bn all-stock merger
07 May 2024
Spanish bank Sabadell on Monday said it is considering a proposal by larger peer BBVA for a Euro 12 billion ($12.93 billion) all-stock merger that would create the largest banking company in Spain.
And now, BRICS eyes creation of a central bank for currency issue
06 May 2024
China, with backing from Russia and South Africa, is planning an onslaught on the mighty dollar by introducing a new currency, to be issued by a proposed BRICS central bank that would combine the strengths of the respective currencies of the five countries in the economic forum.
India, Australia look to deepen economic ties
06 May 2024
An India-Australia Joint Committee Meeting (JCM), held in Canberra as well as meetings with businesses in Sydney and Melbourne have emphasised the need to work closely, especially in collaborative projects, in order to bring new synergy to the strategic partnership of the two countries.
.jpg "India, Nigeria agree on local currency settlement system")
India, Nigeria agree on local currency settlement system
06 May 2024
The second session of the India-Nigeria Joint Trade Committee (JTC) held in Abuja, capital of Nigeria, on Friday, agreed to finalise a local currency settlement system for bilateral trade and investment.
BP-Eni joint venture Azule acquires 42.5% stake in Namibia offshore oil bloc
06 May 2024
Azule Energy, an equal joint venture between BP and Italian oil major Eni for their Angolan business, has signed an agreement with Rhino Resources of Namibia for a 42.5 per cent interest in the country’s offshore oil bloc in the Orange Basin.
Suzlon to merge wholly-owned subsidiaries, spin off projects business
06 May 2024
The board of directors of wind power pioneer Suzlon Energy Ltd has approved a scheme of amalgamation under which the company will merge its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Ltd, Mauritius, with itself.
US Fed keeps rates steady to tame inflation
03 May 2024
The Federal Open Market Committee (FOMC) of the US Federal Reserve at its meeting on Thursday decided to maintain the Federal funds rate at 5.25 to 5.50 per cent, for a sixth consecutive time, saying there is no scope for a rate cut until inflation rate moves towards the 2 per cent level.
Greaves Electric Mobility launches high-performance family e-scooter Ampere Nexus
03 May 2024
Greaves Electric Mobility Private Limited (GEMPL), the electric two-wheeler manufacturing unit of engineering form Greaves Cotton Limited, on Tuesday announced the launch of its high-performance family electric scooter, Ampere Nexus.
Novartis to acquire US-based Mariana Oncology in $1.75 bn deal
03 May 2024
Swiss drug maker Novartis has agreed to acquire US-based Mariana Oncology in a deal worth $1.75 billion, as the company seeks advance the development of precision treatment for cancer.
India’s GST revenue crosses Rs2-lakh cr in April 2024
02 May 2024
India’s gross revenue collection by way of Goods and Services Tax (GST) exceeded the Rs2 lakh crore-mark for the first time in April 2024, the opening month of the current fiscal, hitting a record Rs2.10 lakh crore.
India flight-tests missile-based torpedo system for submarines
02 May 2024
India on Wednesday announced the successful flight test of a Supersonic Missile-Assisted Release of Torpedo (SMART) system that would give a big boost to Indian Navy’s anti-submarine warfare capability.
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