Page 57 - Economy

Indian diaspora, global bankers may profit from New Delhi's dollar crunch

India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters

Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession

IMF warns that risk is particularly prominent in 2023, and even small shocks could cause economies to stall

Walton family loses $11.4 bn after Walmart slashes earnings outlook

The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year

China's appetite for commodities is wavering after years of growth

Energy imports in particular plunged in June, capping a weak first half that may foreshadow a rare annual decline in purchases across many commodities

EPFO in a jam: Why meaningful pension reforms are not moving ahead

Instead of reforms, in many ways, 2022 is showing signs of walk back on pension reforms

Pak expected to secure $1.2 bn from IMF, may help ease pressure on currency

Pakistan's currency and bonds have been hammered this month as the specter of political uncertainty delaying IMF support for the nation unnerves investors

More than 100,000 British workers off sick with long Covid, earnings hit

Around 110,000 British workers are off sick with long Covid symptoms, costing them £1,100 ($1,320) in lost earnings at a time of an escalating cost of living crisis, new research shows

Bulk of India Inc's overseas debt is hedged: RBI governor Shaktikanta Das

Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates

ADB slashes India growth forecast to 7.2% for FY23, sees higher inflation

Private investment will soften due to higher cost of borrowing for firms, says development bank's outlook

India's economic recovery falters as high prices, falling rupee bite

India's economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month

Govt slashes windfall tax on petrol, diesel, ATF as crude oil prices drop

Effective from July 20, Rs 6 a litre tax on petrol export has been completely scrapped

There's fear of Sri Lanka crisis spillover, says EAM S Jaishankar

To help island nation engage with IMF, other debtors, says Jaishankar after all-party meet

Rupee at 80 to the dollar: IT services and tech industry to get a leg up

As the rupee touches 80 to the dollar, the extent of gains for Indian companies may differ basis their exposure to non-US regions and the performance of their currencies

Rupee at 80 to the dollar: Forex deficit to hurt India Inc's margins

As the rupee touches the 80-mark against the dollar, this depreciation is likely to prove expensive for corporate India

Labour unions ramp up efforts to take on Centre over rising prices

Inflation becoming difficult to tame, says BMS; CITU, AITUC plan to hold protest on I-Day eve

Rahul slams Centre, says BJP destroyed world's fastest growing economy

Former Congress president Rahul Gandhi on Monday hit out at the ruling BJP at the Centre over high taxes and unemployment, accusing it of destroying the world's fastest growing economy

GST rate hike comes in effect from Monday: Here's what will get costlier

From next week, many household items, hotels, and bank services among other things will get costlier

Corporate debt quality remains steady in June after improving since Feb

According to CARE Ratings, upgrades in rated debt can be attributed to higher demand with the economy opening up after lockdowns, releasing pent-up demand, and lower cost of capital

Quality standards for gig, shared economy players soon: top govt officials

Indian Bureau of Standards also mulling adoption of ISO benchmarks; need for standardisation also arises from increasing number of complaints received by consumer affairs ministry lately

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt