Biggest commodity shock since 1970s raises spectre of stagflation: World Bank

London (IANS) The war in Ukraine will result in expensive food and energy for the next three years, the World Bank has warned, intensifying fears that the global economy is heading for a rerun of the weak growth and high inflation of the 1970s, The…

Sitharaman engages investors in Silicon Valley

Palo Alto (IANS) The Confederation of Indian Industry (CII) and the US Chamber of Commerce's US-India Business Council (USIBC), co-hosted an exclusive roundtable for business leaders and investors with Finance Minister Nirmala Sitharaman in Palo…

Equity indices break two-day losing streak on value buying

New Delhi (IANS) Breaking a two-day losing streak, Indian equity benchmarks settled Tuesday's session in the green primarily due to value buying at lower levels.

Gains were mainly aided by a jump in shares in auto, realty, FMCG and PSU…

Swiggy to upskill delivery boys to become company employees

New Delhi (IANS) Online food delivery platform Swiggy on Monday announced the launch of an industry-first-accelerator programme for its delivery executives to transition into full-time, managerial-level jobs with a fixed salary and additional benefits.

GST detects Rs 10 cr cash, turnover of Rs 1,764 cr in toilet-sized office

Mumbai (IANS) In a shocker, the Maharashtra GST Department raided and detected cash, silver bars worth Rs 10 crore, plus a business turnover of a staggering Rs.1,764 crore from an office measuring just 35 sq.feet -- smaller than a home toilet.

Adani acquires India's largest marine services company Ocean Sparkle

Ahmedabad (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) through its subsidiary, The Adani Harbour Services Ltd (TAHSL), has entered into a definitive agreement for acquisition of 100 per cent stake in Ocean Sparkle Ltd (OSL), India's…

Not just crude, wheat prices too saw massive spike due to Russia-Ukraine war

New Delhi (IANS) Parallel to crude oil, prices of wheat and wheat flour too have seen a steep uptick ever since the war between Russia and Ukraine broke out in late February.

Riding on a possible supply disruption of the wheat as the tensions…

Economic slowdown: Sitharaman calls for 'proactive collective efforts' by G-20

Washington (IANS) Finance Minister Nirmala Sitharaman has called for "proactive collective efforts" by the G-20 group of the world's top economies to deal with the current slowdown in the growth momentum of the global economy.

Addressing…

India's growth story continues despite Covid; more people turning into 'job creators'

New Delhi (IANS) Various waves of the Covid pandemic could not sweep off India's growth story completely. Showing resilience India has registered 1.67 lakh companies in the financial year 2021-22 (April-March), according to a report by Ministry…

Snapping 5-day losing streak, indices up in opening session

New Delhi (IANS) Breaking the five day losing streak, Indian benchmark equity indices rose on Wednesday primarily due to value buying.

In the past five sessions, the Sensex and Nifty declined almost 4 per cent.

High inflation amid rising…