The rupee has today shown some slight appreciation against the US dollar increasing by 11 paise to close at 82.78 (provisional) on Thursday following a weak greenback in overseas markets. The rupee climbed to open at 82.78 on Thursday in trades against a dollar after the previous close of 82.84 at the interbank foreign exchange … Read more
Recently Turkey Hiked monthly minimum wage by 55% will be 8,506.80 lira ($455) in 2023, the Turkish presidency said on Thursday, marking a 55% increase from the level determined in July and a 100% hike from January. In 2023 in a bid to help ease the burden of soaring living costs on millions of people … Read more
Federal indirect tax body, the Goods and Services Tax (GST) Council, on Saturday decided to raise the monetary threshold for launching prosecutions under GST law to ₹2 crores from ₹1 crore now, and also decided to de-criminalize three offenses in addition to issuing several clarifications to bring certainty to businesses, especially in automobile and insurance … Read more
The Central bank of England raised its key interest rate to 3.5% from 3% on Thursday, its ninth rate rise in a row as it tries to speed inflation’s return to target after price growth hit a 41-year high in October. This time, officials opted for less aggressive action after data this week showed inflation … Read more
The Financial Services Institutions Bureau (FSIB) has invited applications for the post of Managing Director & Chief Executive Officer (MD & CEO) of the Bank of Baroda (BoB). Interested and eligible candidates can send in applications from the FSIB official website i.e. fsib.org.in. Last month the headhunter for directors of state-owned banks and financial institutions invited applications for … Read more
U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group. Microsoft will take a 4% stake in the London Stock Exchange’s corporate parent and provide cloud computer services for the financial markets company. LSEG’s shares were up 4% in Europe on Monday. The companies announced the partnership in a joint … Read more
IT service management company One97 Communications, which is the parent company of Paytm brand, on Thursday informed that its board of directors will meet next week on 13 December 2022 to consider the proposal for the buyback of equity shares of the company. Paytm has liquid assets of Rs 9,182 crore, as per its last … Read more
The Reserve Bank of India (RBI) is likely to moderate the pace of interest rate hikes in its December policy starting Monday (December 5) because of softening inflation expectations both in India and abroad and signs of slower rate hikes in the US and concerns over a global economic downturn. After three consecutive hikes of … Read more
Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise to 4.95 billion riyals ($1.32 billion) from its initial public offering, it said, if its prices are at the top of a range announced on Sunday. The world’s biggest crude producer seeks to list some of its subsidiaries. BOOKRUNNER SAYS OFFERING SIZE OF $1.21 … Read more
E-commerce platform Carousell announced it will be laying off about 110 employees or 10 percent of the group’s total headcount to reduce costs. Carousell is a Singaporean smartphone and web-based consumer-to-consumer and business-to-consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, … Read more