Currencies

Ratings agency ICRA launched the ICRA Business Activity Monitor - an index of high frequency economic indicators, a composite gauge of economic activity during each month. The ICRA Business Activity Monitor stood at a healthy 115.7 in April 2022, displaying a high year-on-year (YoY) growth of 16.1%, boosted by the low base related to the onset of the second wave...

17 May 2022:  Share India Securities Ltd (SISL), one of India’s leading diversified, technology-driven financial services companies, reported its best ever net profit in the financial year 2021-22.   The company’s PAT jumped by a phenomenal 150% to Rs 201.84 crore for the full financial year 2021-22 from Rs 80.75 crore in the previous financial year. Total consolidated revenue of the...

Mumbai, 12th May 2022: CoinDCX, India’s leading player in the crypto space, has announced the appointment of Shalini Saxena as its Head of Legal. She will play a pivotal role in fostering a legal framework for the business as the industry evolves and grows.  Shalini will provide in-house counsel on the company’s legal mandate and drive process efficiencies. Shalini comes in with...

Gurgaon, Haryana, India. LendenX is taking a big step in the journey to making crypto more accessible to everyone globally. LendenX offers a platform that makes it simple for everyone to buy and sell cryptocurrencies with the assurance of great security backed by the highest standards in technology. Life is becoming more digital than ever before with the emergence of millions...

ICRA expects capacity utilisation (CU) to reach the critical threshold of 75% required to trigger broad-based capacity expansion, only by the end of CY2022. Moreover, the rating agency highlighted that while some green shoots are visible in private investments, protracted geopolitical tensions and elevated commodity prices could constrain the profitability of the corporate sector, imparting some caution to private...

April 30, 2022, New Delhi: Binance, the global blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange, has announced several educational initiatives to empower investors in India. Binance recognises the importance of investor education and has made it a priority to drive awareness of crypto and blockchain across India. Given the...

25th April 2022, Kolkata: “Kolkata-Kunming (K2K), the sister cities of India and China, must step up trade, business, cultural ties and people-to-people contact in order to realise the fullest growth potential and benefit mutually,” said His Excellency, Mr Zha Liyou, the Consul General of People’s Republic of China in Kolkata. Mr Liyou visited and lauded the CWBTA Bengal Global Trade...

24th April, New Delhi: Despite the disruptions caused by the COVID-19 pandemic, Foreign Secretary Harsh Vardhan Shringla stated on Friday that India is one of the world's fastest-growing economies. The Foreign Secretary said in an interview, "We are seen not just as reliable political partners but as reliable economic partners. Our commitment to democracy, transparency and the rule of law...

Mumbai, 23rd April 2022 – Worldline, a  global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers has partnered with 4thWave,a Finance and Banking As-A-Service (BAAS) Platform provider, to launch an integrated payment and supply chain financing offering for India and South Asia. Through this partnership, Worldline will launch an innovative digital platform that brings...

Singapore, 23 April 2022 – Singtel, as part of its commitment to support sustainability and the digitalisation of the financial ecosystem, today announced the successful pricing of Singapore’s largest foreign currency digital bond. The US$100 million, five-year digital Sustainability-Linked Bond (SLB) is a partnership by Singtel’s wholly-owned subsidiary, Singtel Group Treasury (SGT), with UOB and ADDX. The digital SLB will...