BUSINESS
Russia will not 'roll out red carpet' for McDonald’s, Says Vladimir Putin
McDonald's exited Russia in 2022 following Western sanctions as a reaction to the war between Ukraine and Russia. The company sold its Russian business to a domestic investor who had been a franchisee since 2015 and operated 25 restaurants in Siberia.
Zepto CEO Accuses Competitor's CFO of Spreading False Information to Investors
On LinkedIn, Palicha called the campaign one that entailed "calling our investors to make outrageous claims on us with no empirical data, distributing fake numbers/Excel sheets on Zepto via sources familiar with journalists, and hiring social media bots to propagate a smear campaign."
India's Fiscal Deficit to Ease by 0.15% of GDP Following RBI's ₹2.69 Lakh Crore Dividend
This is the third consecutive year in which the actual dividend has exceeded the initially budgeted figure, yielding an additional fiscal stimulus of 0.15 percent of GDP.
HSBC: Low Inflation to Strengthen India’s Purchasing Power and Fiscal Health
Though higher real purchasing power and lower input costs are the more direct impacts, the report also points to an important less-obvious upside—fiscal balance relief for the government.
India Overtakes Japan to Secure Fourth Position in Global Economy: NITI Aayog CEO
"We are the fourth largest economy as I speak. We are a $4 trillion economy, and this is not my data. This is data of the International Monetary Fund (IMF). India today is larger than Japan," Subrahmanyam said on Saturday, speaking at the media after the 10th meeting of the NITI Aayog Governing Council concluded.
Government Confirms 8.25% Interest Rate on PF Deposits for FY 2024-25
Earlier this February, the Employees' Provident Fund Organisation (EPFO) had declared that it would maintain the EPF interest rate unchanged at 8.25% for FY25. This was done in a meeting of the EPFO's Central Board of Trustees, which took place in the national capital.
India’s Ambassador to UAE Highlights Growing GCC Backing for India’s Counter-Terrorism Initiatives
Ambassador Sudhir appreciated the recent visit of the all-party delegation headed by Shrikant Shinde, which he termed as very successful in communicating India's stand on the issue.
Trump Proposes 50% Tariffs on EU and 25% Penalties on Apple
As reported by The Associated Press, these threats, sent on social media, illustrate Trump's special ability to unsettle the worldwide economy with the simple click of a keyboard.
IMF Defends Pakistan Bailout Package Following India’s Objections
The IMF recently cleared a $1 billion (about ₹8,000 crore) financial package for Pakistan, even as New Delhi expressed serious objections to the move.
Fitch Raises India’s 5-Year Growth Outlook to 6.4%
The upward revision is made at a time when the country's labor force participation rate has shown a sharp increase in the recent years.
Don't Miss
Advertisement