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US Fed's interest rate hike continues in fight against inflation, raises b
Updated : 3 years, 2 months ago IST
The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
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Kamala Harris congratulates Ajay Banga on being elected as President of Wo
Updated : 3 years, 2 months ago IST
Appreciating Banga for his past work, Harris tweeted, "Congratulations to Ajay Banga on his election as President of the World Bank. Ajay has been an incredible partner in our work in Central America, helping to deliver hope and opportunity on the ground. I look forward to our continued work
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UAE deters up to 50,000 cyberattacks per day: Mohammed Al Kuwaiti
Updated : 3 years, 2 months ago IST
In his statement to the Emirates News Agency (WAM) during the Oracle CloudWorld Tour Abu Dhabi 2023, which kicked off today in the capital, Al Kuwaiti said that the banking, financial, health, oil and gas sectors are the most targeted, noting that all attacks are countered proactively and ef
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India-born Ajay Banga appointed as President of World Bank
Updated : 3 years, 2 months ago IST
Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month
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59-yr-old brain-dead man saves five lives through organ donation at AIIMS
Updated : 3 years, 2 months ago IST
A 59-year-brain-dead man, who suffered fatal injuries in a road accident, has donated his organs at AIIMS, Delhi and saved the lives of five people after his family gave consent. The man donated a liver, kidneys, heart, and corneas.
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FM Sitharaman meets Japan Bank for International Cooperation's governor in
Updated : 3 years, 2 months ago IST
According to the finance ministry's tweet on Wednesday, the finance minister encouraged the engagement of JBIC with Indian financial institutions such as Exim Bank, National Investment and Infrastructure Fund (NIIF) and lending banks to leverage the strength and complementarities of both cou
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Funded by Kotak Securities, Fintech firm BankSathi closes FY23 with net re
Updated : 3 years, 2 months ago IST
Bangalore (Karnataka) [India], May 3 (ANI/NewsVoir): BankSathi, India's largest Agent Based financial products distribution platform, closed FY23 with a net revenue of Rs 60 crore, marking a 120 per cent growth over FY22. The company's exceptional growth was fuelled by a 300 per cent surge i
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Go First has lengthy history of missing financial obligations, says Pratt
Updated : 3 years, 2 months ago IST
In another statement, Pratt & Whitney said it was "committed to the success of our airline customers, and we continue to prioritise delivery schedules for all customers. P&W is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigat
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Pakistan: Credit to private sector decreases fivefold, Government borrowin
Updated : 3 years, 2 months ago IST
Central bank data showed that bank credit to the private sector considered an engine of economic growth, dropped over fivefold in the period under review during the current difficult times. It clearly showed that businesses had been badly hit by the ongoing economic and political crisis.
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Palestinian detainee Khader Adnan dies in Israeli prison after hunger stri
Updated : 3 years, 2 months ago IST
A prominent face of Palestinian resistance to Israel's detention policies, Khader Adnan died in prison on Tuesday after 87 days of hunger strike, Al Jazeera reported citing the authorities.
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ED attaches assets worth Rs 12 cr of Pune group in bank loan fraud case
Updated : 3 years, 2 months ago IST
Directorate of Enforcement (ED) attached 12 immovable properties, located at Nagpur, Pune, Ratnagiri and Goa worth Rs 12.80 crore under PMLA 2002 in the money laundering investigation against Bank loan fraud by Varron Group of Industries, officials said on Tuesday.
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India is the next engine of global growth: FICCI on April GST collections
Updated : 3 years, 2 months ago IST
Federation of Indian Chambers of Commerce and Industry (FICCI) President Subhrakant Panda on Tuesday said that India is the next engine of global growth.
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