BUSINESS
ADB plenary meeting discusses lending-related issues
She aired these views while participating in the Governors Plenary meeting on "Boosting ADB's Lending Capacity" as part of the ongoing 56th ADB annual meeting in Incheon in South Korea. Sitharaman, who participated in the deliberations as Governor for India, expressed hope that the open discussions in the plenary will lead to a common ground and resolve many issues.
Major jump in Indian investments in US, says report
Total US investments in India stood at $59.1 billion. These Indian companies, which include Mahindra, Tata Sons and Tata Consultancy Services, Infosys, and Welspun, are located across all 50 states and Washington DC and Puerto Rico and have made tangible investments in 40 states.
Hacks, exploits cause over $100 mn in crypto losses in April: Report
According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million. Several significant crypto exploits occurred in April, resulting in significant losses in the industry. For instance, there was a $25.4 million loss due to an exploit of multiple MEV trading bots.
Nirmala Sitharaman meets S Korean Deputy PM, seeks investment in manufacturing, RE sectors
Meeting South Korea's Deputy Prime Minister and Finance Minister Choo Kyung-ho on the sidelines of the ADB's annual meeting in Incheon, she emphasised on greater opportunities in India for investments in manufacturing, renewable energy, infrastructure, pharmaceuticals and food processing, including marine resources, among other sectors, official sources said.
Zoho introduces 'Ulaa' web browser with focus on users' privacy
The privacy-centered browser Ulaa (means journey or voyage in Tamil) is equipped with features that allow for privacy customisation, built-in user profile modes, and integrated productivity tools while keeping user data safe and private. Users can also sync browsing sessions between devices - either an entire browser window or a singular tab - allowing them to use multiple devices for the same browsing session seamlessly, the company said in a statement.
Indian bourses end on a positive note on Thursday
"Following a widely expected rate hike by the Fed (US Federal Reserve) and consistent foreign support, the domestic equities resumed its bullish momentum, driven by gains across major sectors," said Vinod Nair, Head of Research at Geojit Financial Services.
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant
Globally, startups have evolved into the catalyst for economic recovery, reorientation and growth driven by innovation. At the sidelines of a think tank conference organised by Nishith Desai Associates and TiE Mumbai recently, Kant reiterated the importance of developing the corporate governance standards for India Inc to go global and establish norms for other G20 countries.
Indian bourses end on a positive note on Thursday
"Following a widely expected rate hike by the Fed (US Federal Reserve) and consistent foreign support, the domestic equities resumed its bullish momentum, driven by gains across major sectors," said Vinod Nair, Head of Research at Geojit Financial Services. He said that the US market faced losses as the Fed reiterated concerns.
Credit Suisse asks Reliance Capital administrator not to proceed with resolution till adjudication of claim
Credit Suisse AG, Mumbai branch is onshore security trustee acting on behalf of the lenders being Credit Suisse AG, Singapore branch, Federal Bank and Far Eastern International Bank.In a letter through its advocates, Juris Corp, it said that Credit Suisse has filed a claim as the financial creditor of the corporate debtor. The claim of Rs 659 crore was rejected by the administrator which has been challenged in NCLT which is currently hearing the case.
Nirmala Sitharaman underlines need for robust ADB
She made these observations while participating in the business session of the ADB's annual meeting in Incheon, South Korea.The Finance Minister further underlined the need for ADB to focus on global public goods in their regional dimension while continuing to focus on its core agenda of poverty reduction and development in low-income countries.
Don't Miss
Advertisement