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India was relatively better placed than other nations to weather the storm associated with monetary tightening in advanced economies, the ongoing geopolitical conflict, lockdowns in parts of China and supply-side disruptions, it added.

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The government had by way of an amendment to the 2021 Finance Act decided to trade 5% shares in the open market through an IPO. This was challenged both in the Madras and the Bombay High Courts. The High Courts had earlier refused to stay the IPO.

I would be delighted and absolutely thrilled if we could have an Asian leader for Unilever and a female Asian leader would be even better, says Alan Jope, Global CEO, Unilever.

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On March 16, RIL nearly halved fuel supply to its dealers owing to losses of Rs 10-12 per litre daily on the sale of diesel. The company has not resumed fuel supplies fully.

The government in this budget introduced a 1% tax deducted at source or TDS on every transaction, along with a 30% tax on returns of investors and traders.

Luna crash sinks wealth of Indian crypto investors

Updated at : 2022-05-13 10:30:01

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​The algorithmic stable coin is supposed to maintain a one-to-one peg against the US dollar but slumped nearly to $.26 to the dollar on Wednesday night after the complex mechanisms that were supposed to hold the dollar peg failed leading to the UST crash.

The Dow Jones Industrial Average fell 103.81 points, or 0.33%, to 31,730.3, the S&P 500 lost 5.1 points, or 0.13%, to 3,930.08 and the Nasdaq Composite added 6.73 points, or 0.06%, to 11,370.96.

With "perfect hindsight," Powell said, it "would have been better" to have begun raising rates earlier than March of this year, given inflation began a sharp turn higher in 2021.

Market nerves prop up safe-haven dollar, yen

Updated at : 2022-05-13 10:30:01

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The yen held most of its overnight gains on Friday, after falling U.S. yields and market jitters propped up the Japanese currency while another Wall Street selloff drove flight-so-safety bid to dollar, which remains near 20-year high peaks.

AMC, GameStop shares snap five-day session sell-off

Updated at : 2022-05-13 10:30:01

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GameStop is down about 40% so far in 2022 compared with a 687% gain for 2021, with the stock rising more than 2,463% at its peak last year. AMC shares are down 60.6% year-to-date compared with a 1,183% gain in 2021 and a 3,624% jump at their highest point last year.

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