Exports target of $650bn within this fiscal achievable: Goyal
Assuring all support to the exporting community, commerce and industry minister Piyush Goyal on Monday said the exports target of $650 billion for both goods and services within the current financial year is achievable.
Oyo Hotels to target $9 billion valuation in IPO
Oyo Hotels, the once hard-charging startup that struggled during the pandemic, is eyeing a valuation of about $9 billion in its initial public offering (IPO) after preliminary conversations with potential investors, according to people familiar with the matter.
Axis Bank closing in on Citi India's consumer business
Axis Bank has emerged as the frontrunner to buy Citi's consumer business in India, which is being valued at $1.5 billion in a planned deal that's likely to happen this month, according to two sources with direct knowledge of the matter.
'Aggregate demand conditions remain resilient despite Omicron'
India's economic recovery has met headwinds from a rapid rise in Covid-19 infections due to the Omicron variant but aggregate demand conditions remain resilient, the Reserve Bank of India (RBI) said in its monthly bulletin on Monday.
Budget 2022: Govt plans $19bn fertiliser subsidy for farmers
The government is likely to earmark nearly $19 billion in the budget to compensate fertiliser companies for selling their products to farmers at lower than market prices, according to people with knowledge of the matter.
Global jobs recovery delayed by pandemic uncertainty, Omicron, ILO says
The global job market will taker longer to recover than previously thought, with unemployment levels set to remain above pre-Covid-19 levels until at least 2023 due to uncertainty about the pandemic's course and duration, the International Labour Organization said in a report on Monday.
Sebi tightens rules governing utilisation of IPO proceeds; tweaks OFS norms
Tightening rules for initial public offering (IPO), Sebi has put a cap on the usage of the issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by significant shareholders. Also, the regulator has extended anchor investors' lock-in period to 90 days and now, funds reserved for general corporate purposes will be monitored by credit rating agencies, according to a notification issued on January 14.
India's 10-year bond yield hits 2-year high tracking US peers, crude
India's benchmark 10-year bond yield hit a two-year high on Monday, tracking an uptick in US yields and a continued rise in global crude oil prices which has raised expectations of rate increases by the Reserve Bank of India (RBI).
Seniors on Social Security may get to keep more of their 2022 benefits for this reason
Last October, seniors on Social Security got some pretty good news. That's when 2022's 5.9% cost-of-living adjustment (COLA) was announced, and it winds up being the biggest raise recipients have seen in decades.