India's external debt of $620.7 billion, as at end of March 2022, is sustainable and is being managed in a prudent manner, the Department of Economic Affairs, under the Union Finance Ministry, said. In a recent report, the Department of...

Though the government has not yet taken any decision on extending the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) beyond its September 30 deadline, its think tank Niti Aayog is said to be of the view that the scheme should not be continued...

Moody's Investors Service expects India's GDP growth to slow from 8.3% in 2021 to 7.7% in 2022 and to decelerate further to 5.2% in 2023. In March, Moody's had forecast that India's economy could expand at 8.8% in 2022.  Data...

The 45th annual general meeting of Reliance Industries Limited (RIL) has set the stage for Next-Gen leadership. Mukesh Ambani, Chairman and Managing Director of RIL, laid emphasis on Next-Gen leadership roles while he will continue to provide...

US financial services major JP Morgan has picked up over 1.16 million sq ft office space at Nirlon Knowledge Park in Goregaon suburb of Mumbai through a long-term lease of over 10 years with an option of extending the same by additional 10 years....

Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday. As credit growth is outpacing...

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release. "With the Reserve...

Days after reports surfaced that information technology (IT) firm Tata Consultancy Services (TCS) had delayed the June variable compensation payout by a month for some employees, the country’s largest IT firm said on Tuesday it will pay out...

The government has simplified the overseas investment rules with the aim of enhancing the 'ease of doing business' sentiment. It has simplified the existing framework for overseas investment by aligning it with the current business...

Foreign Portfolio Investors (FPIs) turned net buyers of debt so far in August nearly after six months due to cooling of oil prices, easing of inflationary pressure, manageable deficits to buoyant tax collections. According to the depository...