Growing risk aversion will increase funding and liquidity pressure on small private sector lenders.
State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. The minimum investment for SBI would be Rs5,500 crore if it picks 26 per cent stake in Yes Bank.
Ratings agency Moody’s Investors Service has projected India’s fiscal deficit to be about 3.7 per cent of the gross domestic product (GDP) in 2019-20, which will be slightly wider than the 3.4 per cent posted in fiscal 2019.
In a major relief to thousands of individuals and MSME borrowers, the India’s central government in an affidavit informed the Supreme Court that it has taken a decision to waive ‘interest on interest’ (compound interest)
Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority (GCAA), announced that the UAE’s airports surpassed 134 million passenger mark in 2023
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, told the business community that its support and engagement,
Abu Dhabi Airports and Burjeel Holdings have announced a Memorandum of Understanding (MoU) to enhance and streamline healthcare for passengers at Zayed International Airport,