Though 2023 started on a weak note for stock investors, the outlook is expected to be bright globally as the year proceeds, fueled partly by the reopening of the Chinese economy after the Covid-induced lockdown.
Ranil Wickremesinghe has said that the only option for the island nation to emerge from this crisis is to seek the support of the global lender International Monetary Fund (IMF).
Last week, BCCI had released a tender inviting bids to own, operate the five WIPL franchises, which will finally start from March 3 to Match 26. The financial bids of these franchises, currently sealed in envelopes will be opened on that day. BCCI has however pointed out in its tender docume
Owing to the land subsidence in the Joshimath area of Uttarakhand's Chamoli, the state government on Wednesday announced various interim relief measures for the affected families.
The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
Indian stock indices have extended losses for the second straight session, largely due to continued selling by foreign investors on concerns over higher stock valuations.
The US central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years, and notably, it was near zero in the early part of 2022.
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
United Nations Secretary-General Antonio Guterres on Monday sought "massive investments" for Pakistan to help it recover from damage caused by devastating floods that ravaged the country last year.
An International Monetary Fund (IMF) delegation will meet Pakistan Finance Minister Ishaq Dar on the sidelines of the upcoming Geneva conference on Climate Resilient Pakistan on January 9. The IMF delegation will discuss outstanding issues with Dar, an IMF spokesperson said on Sunday, Pakist
US Federal Reserve Governor Lisa D. Cook has said inflation in the US remains "far too high" despite some encouraging signs lately, and the top central bank official termed it as a concern.
The positive outlook for 2023 is despite concerns emanating from the global slowdown and a possible recession in the Western economies due to the unwinding of monetary policy by central banks.