Finance

April 18, 2024 11:12 AM

India emerges as offshoring hub with growth in office leasing: report

India has emerged as one of the leading offshoring destinations globally, according to the latest report from Knight Frank. The report, titled "Asia Pacific Horizon: Harnessing the Potential of Offshoring," highlights the significant growth of the offshoring market in India. In 2023, it accounted f...

September 16, 2024 5:57 PM

India’s economy projected to grow at 6.5% in 2024, Says UNCTAD report

In a recent report by the United Nations Conference on Trade and Development (UNCTAD), India's economy is forecasted to grow at a rate of 6.5 percent in 2024. This projection follows a growth of 6.7 percent in 2023, indicating a continued upward trend. The report highlights India's position as the f...

April 16, 2024 4:51 PM

Spire collapses as fire engulfs Copenhagen’s historic stock exchange

A fire ripped through Copenhagen's Old Stock Exchange, one of the Danish capital's best-known buildings, on Tuesday, engulfing its spire which collapsed in a scene reminiscent of the 2019 blaze at Paris' Notre-Dame. Emergency services, employees from the Danish Chamber of Commerce, including its CE...

September 16, 2024 3:25 PM

RBI keeps repo rates unchanged at 6.5 percent for seventh consecutive time

The Reserve Bank of India's Monetary Policy Committee (MPC) on Friday kept the key repo rate unchanged at 6.5 per cent for the seventh consecutive meeting, as it focused on reigning in retail inflation that has stayed above its 4 per cent target. The repo rate is the interest rate at which banks bo...

September 16, 2024 5:03 PM

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today (Monday), the central bank said. The event will also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. "Join us for the commemoration of the 90...