Article content WASHINGTON — The United States is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire next week, a U.S. administration official said on Tuesday, which could put Moscow closer to the brink of default. Russia has so far managed to make its international bond payments despite […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Bernardo Caram and Rodrigo Viga Gaier and Sabrina Valle Article content BRASILIA — Brazil’s newly appointed Mines and Energy Minister Adolfo Sachsida will face resistance at Petrobras if he pushes to remove import costs from the state-run oil company’s fuel price calculations, according to people […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Krystal Hu Publishing date: May 17, 2022 • 13 minutes ago • 1 minute read • Join the conversation Article content Billionaire Elon Musk’s SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an […]
Rating agency Icra on Tuesday projected real GDP growth of 12-13% in the first quarter of FY23, citing an improvement in its business activity monitor reading and favourable base effect. However, for the full year (FY23), the agency has forecast 7.2% growth, thanks to the ripple effect of the Ukraine war, elevated inflationary pressure and […]
A consortium led by Multiples Private Equity has invested Rs 685 crore in Mumbai-based drugmaker BDR Pharmaceuticals International in lieu of a 9.3% stake. Institutional investors such as the investment arm of Times Group, QRG Invest (Havells Family Office), and high net worth individuals Nishant Agarwal of Avighna Group and Mallika Srinivasan of TAFE were […]
Telecom operators will get spectrum for 20 years in the upcoming 5G auction as the Digital Communications Commission (DCC) on Tuesday approved this option on the suggestion by an internal committee appointed by it. The development assumes significance as the government had, in September last year, announced that henceforth spectrum after auctions would be given […]
Bharti Airtel has appointed former Cabinet secretary PK Sinha as an independent director on its board. Sinha served as Cabinet secretary for more than four years and later moved to the Prime Minister’s Office as adviser. He resigned from that position in March 2021. Bharti Airtel said Sinha has been a government nominee director in […]
Navi Technologies, which owns and operates Chaitanya India Fin Credit, said on Tuesday that it would engage with the RBI to understand the reasons behind the rejection of its application for an on-tap universal banking licence. The management of the fintech will also consider if an appeal route needs to be pursued, Sachin Bansal, promoter […]
The UK’s unemployment rate has fallen to its lowest in nearly fifty years but workers are still suffering sharp falls in real income as wage growth lags behind soaring inflation. Figures from the Office for National Statistics (ONS) showed that the country’s jobless rate dropped to 3.7 per cent from 3.8 per cent in the […]
Greggs has revealed that its sales in large cities and locations near offices are lagging behind those elsewhere in the UK as a result of the shift to home working. Roger Whiteside, the outgoing chief executive of the bakery chain, said transaction numbers in city centres were 10% below pre-Covid levels. “There are less people […]