New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
Investors are concerned about the health of the industry, which ballooned over the past decade. Source link
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Government plans to merge Ircon, RVNL to help them scale up
NEW DELHI: Two major railway PSUs – Rail Vikas Nigam (RVNL) and Ircon International – are set to be merged as part of a move to create a bigger entity that can take up larger domestic and international projects, instead of competing with each other, top officials said Tuesday.This marks the second PSU merger after…
After Trump’s sanction waiver, Reliance Industries procures 5 million barrels of Iran crude oil: Report
Last Friday, the Donald Trump administration granted a 30-day waiver on sanctions for Iranian oil already in transit. (AI image) With the US waiving sanctions on Iran oil, Reliance Industries has reportedly bought 5 million barrels of Iranian crude. Reliance runs the world’s largest refining complex. The effective closure of the Strait of Hormuz has…
High Oil and Gas Prices Could Outlast Trump’s War With Iran
While the president has promised rapid relief, Americans could feel the financial sting of the conflict for some time after it ends. Source link
Rupee sinks 23 paise to all-time low of 93.76 vs US dollar as global risks mount
The rupee weakened by 23 paise to settle at an all-time low of 93.76 against the US dollar on Tuesday, pressured by a strengthening greenback and elevated global crude oil prices that dampened investor sentiment.Forex traders said continued foreign fund outflows amid uncertainties linked to the Middle East crisis also weighed on the domestic currency,…
Fortnite publisher Epic Games to lay off more than 1,000 employees to curb costs
Epic Games on Tuesday said it will lay off more than 1,000 employees as the video game publisher moves to cut costs amid industry-wide pressures and company-specific challenges, AP reported.The Cary, North Carolina-based company said the job reductions are not linked to artificial intelligence, but reflect slower growth in the gaming sector, weaker consumer spending…
RoDTEP-backed exports grow at over 20% CAGR between FY24 and FY26
Exports supported under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are estimated to have grown at over 20 per cent compound annual growth rate between 2023-24 and 2025-26 despite global headwinds such as weak demand, freight volatility, rising protectionism and geopolitical uncertainties, PTI reported citing an official on Tuesday.At the same…
Russian Oil Shipment Puts Focus on Kremlin Spy Outpost in Cuba
Moscow may be challenging President Trump’s effort to choke Cuba’s economy. China also has suspected listening posts on the island. Source link
Govt bets on women-led growth to drive development agenda
NEW DELHI: The government on Tuesday said that women-led growth will be central to the country’s development ambitions, even as policymakers and industry leaders called for stronger ecosystems to support women in innovation and entrepreneurship.Speaking at a summit organised by the women’s empowerment arm of the BRICS Chamber of Commerce and Industry, Minister of State…
Covid Relief Loans Are Haunting Small Businesses
The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult. Source link