New Delhi: India’s industry bodies have welcomed India-United Arab Emirates (UAE) trade pact, citing it as an enabler to increase exports. India and the UAE have entered into a Comprehensive Economic Partnership Agreement (CEPA). The agreement to boost bilateral trade is expected to be implemented within 60 days and entails enhanced market access and reduced tariff. It...
Washington: While uncertainty is the watchword of the day, economists believe that a war between Russia and Ukraine will not be a major risk to the U.S. economy. “In most cases, the economic impact on countries beyond Russia and Ukraine is likely to be limited,” said Neil Shearing, global chief economist at Capital Economics in...
New Delhi, Feb 21 (IANS) The CBI, which is probing the "yogi" fraud at the NSE, has questioned the bourse's former Chief Strategic Advisor, Anand Subramanian, who has appointed to his position despite lack of experience and paid a hefty salary, but found him to be “evasive”. His statements were recorded for three consecutive days...
New Delhi: Who is (or was) the mysterious yogi in the Himalayas advising NSE’s ex-CEO Chitra Ramkrishna on matters of the stock exchange is the question on the minds of everybody with even a passing interest in financial markets. Consultancy firm EY has pointed out Anand Subramanian, NSE’s former Group Operating Officer and Ramkrishna’s close...
A strong recovery in Indian sales market led to cola giants Coca-Cola and PepsiCo’s healthy growth for 2021 globally. These American fast-moving consumer goods (FMCG) companies - selling aerated drinks and packaged snacks - managed to grow their sales beyond the pre-COVID levels of 2019, thanks to Indian consumers. During the fiscal ended 25...
Mumbai: The BSE gauge Sensex closed below the key 58,000-level after a highly volatile session on Wednesday, dragged lower mainly by banking, metal and auto shares. The 30-share benchmark swung nearly 800 points during the session before closing at 57,996.68 -- marking a loss of 145.37 points or 0.25 per cent. Likewise, the NSE Nifty swung...
Mumbai: Tata Sons has announced the appointment of Mehmet Ilker Ayci as the new Chief Executive Officer and Managing Director of Air India, an official said. Expected to take charge on or before April 1, Ayci (51) until recently was the Chairman of Turkish Airlines and was also on its Board of Directors prior to...
Washington: A new poll has revealed that most Americans think the US economy and the fight against the Covid-19 improved to some extent in recent weeks, but still not good, while a majority of people were still concerned about the pandemic. As coronavirus cases have declined in many places in the US, more Americans said...
Tata Sons today appointed Ilker Ayci as Chief executive officer (CEO) and Managing Director (MD) of Air India. Ayci will assume his responsibilities on or before April 1, 2022, Tata Sons said in a statement. The Air India board met on Monday afternoon to consider the candidature of Ilker Ayci. The board, after deliberations, has...
