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.
On MLK Day, Yellen says US economy 'has never worked fairly' for Black Americans
The U.S. economy has "never worked fairly" for Black Americans or any person of color, Treasury Secretary Janet Yellen said in a Monday speech, joining a cadre of national leaders who used Martin Luther King Jr. Day to acknowledge racial inequalities in the country.
Warriors part-owner and venture capitalist dismisses Uyghur Muslims' rights abuses
Chamath Palihapitiya, a part-owner and director of the NBA’s Golden State Warriors and the venture capitalist founder and CEO of Social+Capital, offered the “very hard ugly truth” about China’s human rights abuses against Uyghur Muslims in a podcast interview.
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.