Page 178 - Latest News
Sri Lanka key rate 2-decade high at 16.5% after clinching IMF loan
The Central Bank of Sri Lanka kept the standing lending facility rate unchanged at 16.5%, according to a statement on its website on Tuesday
 "Sri Lanka key rate 2-decade high at 16.5% after clinching IMF loan")
Finland's parliamentary website targeted ahead of NATO entry: Report
Finland's parliamentary website was paralysed by a denial-of-service attack on Tuesday, just before the country made its historic entry into NATO
 "Finland's parliamentary website targeted ahead of NATO entry: Report")
J&K announces Rs 560 cr project to create a robust market ecosystem
The project aims to improve the terms of trade (ToT) in favour of farmers, improve the efficiency and effectiveness of the market ecosystem, and minimize value loss while maximizing societal welfare
 "J&K announces Rs 560 cr project to create a robust market ecosystem")
Number of person days generated under MGNREGA drops in Jan-Feb period
On January 30, 2023, the Rural Development Ministry announced all MGNREGA wage payments must be made only through Aadhaar-based payments from February 1
 "Number of person days generated under MGNREGA drops in Jan-Feb period")
Wright launches AI platform for MF transactions by retail investors
People can use it to make investments tailored to their risk profiles and financial goals, says company
 "Wright launches AI platform for MF transactions by retail investors")
Govt sets up panel to find way forward for stalled realty projects
The Forum For People's Collective Efforts (FPCE), an umbrella body of homebuyers, had played an important role in enactment and implementation of RERA
 "Govt sets up panel to find way forward for stalled realty projects")
Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments
The firm's India business grew 17%, while the Malaysia personal care biz grew over 20% and Vietnam crossed $100 mn in revenue, with double-digit growth
 "Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments")
SC rules on service tax on corporate guarantees, gives pvt firm relief
No service tax on corporate guarantees by parent company to subsidiaries in absence of consideration, it says
 "SC rules on service tax on corporate guarantees, gives pvt firm relief")
Delhi Cabinet decides to buy mechanical sweepers, water sprinkling machines
It approved the extension of term insurance and mediclaim under the Chief Minister Advocate Welfare Scheme, Delhi ministers Atishi and Saurabh Bharadwaj said in a press conference
 "Delhi Cabinet decides to buy mechanical sweepers, water sprinkling machines")
Nepal-India railway line from Jaynagar to Kurtha completes 1 year
It was virtually inaugurated last year by Prime Minister Narendra Modi and his then-Nepalese counterpart Sher Bahadur Deuba
 "Nepal-India railway line from Jaynagar to Kurtha completes 1 year")
Honda Motorcycle & Scooter India records 34.5% sales decline in March
Exports were higher at 14,466 units as compared to 13,884 units in the year-ago month, it added
 "Honda Motorcycle & Scooter India records 34.5% sales decline in March")
Agritech firm NBHC appoints Vinod Kumar as Managing Director & CEO
NHBC offers procurement, storage, commodity care, collateral management, and supply-chain solutions, besides some value-added services
 "Agritech firm NBHC appoints Vinod Kumar as Managing Director & CEO")
Pakistan rupee falls all-time low, struggles to unlock IMF funding
The local unit, in the interbank market, closed at 287.29 against the US dollar, 0.78 per cent or Rs 2.25, down from Monday's close of 285.04
 "Pakistan rupee falls all-time low, struggles to unlock IMF funding")
RINL seeks proposals to fund working capital in exchange for steel supply
In a first, state-owned RINL is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials
 "RINL seeks proposals to fund working capital in exchange for steel supply")
Job aspirants from across country form collective for 'right to employment'
More than a hundred organisations including job aspirants' collectives have joined hands to form a youth alliance named 'Sanyukt Yuva Morcha' with an aim to shape a "nationwide youth movement"
 "Job aspirants from across country form collective for 'right to employment'")
Nearly 1.6 mn students register for CUET-UG, highest for DU: UGC chairman
UGC chairman also stated that there has been an increase in the number of universities participating after a 41 per cent increase in the total number of students was reported
 "Nearly 1.6 mn students register for CUET-UG, highest for DU: UGC chairman")
B2B apparel platform Zyod raises $3.5 mn in seed funding from Lightspeed
FJ Labs, Panthera Peak Capital, and select angels also participated
 "B2B apparel platform Zyod raises $3.5 mn in seed funding from Lightspeed")
Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer
Virgin Orbit's strategy has been that launching small rockets from a 747 in flight would allow for short-notice launches from anywhere
 "Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer")
Isuzu Motors names Rajesh Mittal as new head of India operations
Mittal, the first person of Indian origin to head the country operations, succeeds Wataru Nakano who takes over as a Head of Isuzu operations in Vietnam
 "Isuzu Motors names Rajesh Mittal as new head of India operations")
Tata International appoints Rajeev Singhal as Chief Operating Officer
He assumed office from April 1, 2023 and will report to Tata International Ltd Managing Director Anand Sen, the company said in a statement
 "Tata International appoints Rajeev Singhal as Chief Operating Officer")