Thailand Central Bank Increases Rate Again, Keeps 2022 Growth Outlook
On Wednesday, Thailand’s central bank hiked its key interest rate for a second meeting to curb 14-year high inflation and ensure continued economic recovery. However,...
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Norway to Raise Taxes by $3 Billion on Power Firms, Fish Farms
On Wednesday, Norway’s government said that it plans to hike taxes on electricity manufacturers and fish farmers to increase an extra 33 billion crowns ($3...
World’s Largest Air-Conditioner Manufacturer Daikin Doubles Down on India
The world’s largest manufacturer of air conditioners Daikin Industries Ltd is betting that production and sales in India will make up a huge part of...
Sensex, Nifty Drag for Sixth Straight Session
India’s benchmark stock index fell for the sixth session on September 28, weighed down by banks, financials and metals companies amid weak global signals. At...
Oracle Fined $23 Mn by SEC for Bribing Officials in India, Turkey, and UAE
Oracle has been fined USD 23 million by the US Securities and Exchange Commission (SEC) for allegedly violating the Foreign Corrupt Practices Act (FCPA). The...
Axis Bank to Acquire Nearly 10% Stake in Go Digit Life Insurance
The country’s third-largest private sector lender, Axis Bank, will invest around Rs 50-70 crore for a less than 10% stake in Fairfax-backed Go Digit Life...
JSW Energy Plans to Raise $30.6 Million Through 3-Year Bonds
On Wednesday, JSW Energy reported that it plans to raise Rs 2.5 billion ($30.6 million) through the sale of bonds. The bonds would be maturing...
IFCI Preferential Issue Approves by Board up to Rs 100 Crore to Central Govt
The Central government is the company’s promoter and holds a 64.86 per cent stake in IFCI. On 27 September 2022, the board of directors of...
BHEL Secures 2×660 MW Thermal Power Project from NTPC
State-owned Bharat Heavy Electrical Limited (BHEL) said on Tuesday it had received an order from NTPC to build a 2×660 MW thermal power project. The...
Saudi King Names Crown Prince Mohammed Bin Salman as Prime Minister
According to a royal announcement on Tuesday, Saudi Arabia’s King Salman bin Abdulaziz named his son and successor, Crown Prince Mohammed bin Salman as Prime...