What are UST and Luna and why the collapse of 2 ‘stable coins’ led to the crypto crash in India?

New Delhi: On 5 May, the crypto asset TeraUSD – also known as UST – was…

RBI sets aside more money for rainy days, payouts drop

MumbaiThe Reserve Bank of India’s spending rose as it pooled more money towards a contingency fund,…

Rs 2,000 notes continue to fall, 1.6% of total notes in circulation in March

Mumbai: According to RBI’s annual report, the number of Rs 2000 denomination banknotes has seen a…

Widespread reopening from pandemic, strong demand takes India ahead of inflation for now

New Delhi: India’s economy kept its momentum in April as a widespread reopening from the pandemic…

More Russian oil moving to India and China than ever before

Singapore: A record amount of Russian oil is on board tankers, with unprecedented amounts headed to…

India’s protectionist steps have raised fears that rice exports may be curbed after wheat, sugar

New Delhi: Analysts say rice could be India’s next food protectionism target as it restricts exports…

Govt withdraws offer to sell 53% stake in BPCL as majority of bidders withdrew

New Delhi: The government on Thursday withdrew its offer to sell its entire 53 per cent…

Gautam Adani’s food venture Adani Wilmar is the best performing IPO in Asia

IIndia’s Adani Wilmar Limited stands out among the newly listed stocks in Asia. The food company…

China’s economy shows no sign of slowing in May

China’s economy hit a slowdown in May as lockdowns continued to weigh on activity, and Omicron…

Modi government will not take additional loan for tax cut this year, target of inflation to be at 4%

New Delhi: The Narendra Modi government has no plans to borrow additional funds from the bond…