Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study

New Delhi (IANS) As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90 per cent of cryptocurrencies have a low trading volume, with just 2 per cent of crypto coins having a healthy liquidity, a new study has found.

There…

First G20 Finance and Central Bank Deputies meeting held in B'luru

Bengaluru (IANS) The first G20 Finance and Central Bank Deputies (FCBD) meeting held successfully in Karnataka's Bengaluru on December 13-14.

The meeting marked the beginning of the G20 Finance Track under India's Presidency, the official…

Labour market mismatch post-Covid could weaken economic growth: Moody's

Chennai (IANS) The mismatches in labour supply after the reverse migration during the Covid-19 pandemic in India and other countries in Asia Pacific (APAC) region could weaken the economic growth, said Moody's Investors Service.

While the…

`Existing Indian life and non-life insurers may not merge to become composite player'

Chennai (IANS) The composite insurance licence regime may not see merger of life and general insurance companies owing to differing foreign shareholders and other issues, said experts.

The Centre has proposed to allow composite insurers --…

ICAO rejects Spicejet's audit story

New Delhi (IANS) Days after the budget airline SpiceJet claimed that its safety processes were found to be strong during an exhaustive audit by the International Civil Aviation Organisation (ICAO), the UN's civil aviation agency clarified that…

Wholesale inflation falls to 21-month low of 5.85% in Nov, FM gives credit to PM

New Delhi (IANS) The wholesale price index (WPI) based inflation fell to a 21-month low of 5.85 per cent in November on account of low prices of food.

Reacting to the fall in WPI inflation, Finance Minister Nirmala Sitharaman said in Lok Sabha…

Nifty Bank closes at 44,049 points on Wednesday

Chennai (IANS) With growth in bank credit and lending rates going up faster than the interest on deposits, bank stocks performed well at the NSE with Nifty Bank touching a high of 44,151.80 points on Wednesday.

The Nifty Bank index opened strongly…

Contraction in manufacturing in Oct worst since Aug 20

New Delhi (IANS) The 5.6 per cent contraction in manufacturing was the worst since August 2020, the Anand Rathi Research said in a report.

The worsening was broad-based yet part of the deterioration was due to transitory factors such as loss…

Indian rupee records 6.9?preciation in current FY

New Delhi (IANS) The Indian rupee has witnessed a depreciation of 6.9 per cent in the current financial year till November 30, the Parliament was told on Tuesday.

Exchange rate depreciation, other factors remaining unchanged, is likely to put…

Foreign Exchange Reserves declined between March 31- Sep 30

New Delhi (IANS) The Foreign Exchange Reserves of India declined by US$ 74.65 billion to US$ 532.66 billion between March 31 and September 30.

"The Foreign Exchange Reserves of India stood at US$ 607.31 billion as on March 31, 2022. They declined…