CashNews.co India’s labour force participation rate, which shows the ratio of persons working or seeking work as a proportion of the population, has seen a consistent increase over the last six surveys. LFPR in usual status for persons of all ages was 60.1% during July 2023–June 2024, higher than 57.9% in the previous year. The […]
CashNews.co SpiceJet (SG, Delhi International) has settled its USD16.7 million lease dispute with Engine Lease Finance Corporation (ELFC) according to a September 24 Bombay Stock Exchange filing. The low-cost carrier says it “amicably” settled the matter for an undisclosed amount that is lower than the claimed amount. The lessor was pursuing SpiceJet in the National […]
CashNews.co NEW DELHI (AP) — A strike by more than 1,000 workers at a Samsung India Electronics plant has entered its third week, and management is at an impasse over their demands for recognition of the employees’ union and higher pay, a workers union spokesman said on Wednesday, The employees strike in the plant near […]
CashNews.co Three-city tour by Purdue presidential delegation deepens collaboration and includes meetings with cabinet ministers, corporate leaders and alumni, fortifying a historic and growing partnership with India Purdue leadership, led by President Mung Chiang, recently concluded a multiday trip to India, meeting with academic and research partners, U.S. and Indian government officials, and industry stakeholders […]
CashNews.co 2 min read Last Updated : Sep 25 2024 | 11:10 PM IS Finance Minister Nirmala Sitharaman on Wednesday urged the Asian Infrastructure Investment Bank (AIIB) to strive for standardisation and greater provision of innovative financial tools and products. Sitharaman said that AIIB should consider expanding its range of non-lending services such as […]
CashNews.co India’s external debt-to-GDP ratio at 18.7%, its debt service ratio at 6.7% and foreign exchange reserves-to-external debt ratio at 97.4% are “within the comfort zone” and way better than many middle-income countries, finance minister Nirmala Sitharaman said. In a forward to a status report released by the finance ministry, Sitharaman underscored that India’s external […]
CashNews.co Union Finance Minister Nirmala Sitharaman | (Photo: PTI) 2 min read Last Updated : Sep 25 2024 | 5:01 PM IS Finance Minister Nirmala Sitharaman on Wednesday said AIIB should continue to focus on a client-centric approach and facilitate member countries, particularly low-income countries to avail financial resources through technical assistance. She […]
CashNews.co Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. Increasing loan and credit card debt racked up by young Indians splurging on aspirational purchases from clothing to holidays has raised concerns about rising delinquencies and a wider lending slowdown. About a […]
CashNews.co MUMBAI (Reuters) – India’s Shriram Finance has accepted bids worth $500 million for its dollar-denominated bonds maturing in three years and six months, two merchant bankers said on Wednesday. The shadow lender will pay a coupon of 6.15%, which was lower than the initial guidance of 6.50% provided by the issuer, the bankers said. […]
CashNews.co IPO News Today Live Updates: Navigate the dynamic world of initial public offerings with our dedicated IPO News section. Here, we bring you the latest updates on companies stepping into the public market, offering insights into their financial strategies, valuation, and market reception. Whether you’re an investor looking for new opportunities or simply curious […]