Pakistan likely to get USD 700 million from IMF as next tranche of bailout this month: Report

Pakistan likely to get USD 700 million from IMF as next tranche of bailout this month: Report

Tuesday, 02 January 2024 | PTI | Islamabad

Cash-strapped Pakistan is expected to get USD 700 million as the next tranche of the bailout from the IMF as the Executive Board of the global lender meets on January 11, according to a media report on Tuesday. The board of the Washington-based International Monetary Fund is set to deliberate and...

India to remain fastest growing major economy in 2024

Monday, 01 January 2024 | PTI | New Delhi

India decisively withstood global headwinds in 2023 and is likely to remain as the world’s fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a...

Adani raises $15 bn in equity, debt in comeback strategy after Hindenburg rout

Adani raises $15 bn in equity, debt in comeback strategy after Hindenburg rout

Sunday, 31 December 2023 | PTI | New Delhi

Billionaire Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start...

Bengaluru sees 15-fold jump in net leasing of office space

Bengaluru sees 15-fold jump in net leasing of office space

Sunday, 31 December 2023 | PTI | New Delhi

Bengaluru saw a 15-fold jump in net office leasing during the quarter due to many large leasing transaction from corporates as well as low base effect, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield said on Saturday that the net leasing of office space stood at 18.63 million...

Registration of properties in Mumbai may rise 33 pc in Dec: Report

Sunday, 31 December 2023 | PTI | New Delhi

Registration of properties in Mumbai municipal area is likely to rise by 33 pc annually to around 12,500 units during this month on better demand, according to Knight Frank. As many as 9,367 properties were registered in Mumbai city (area under BMC jurisdiction) during the same month last year. Real estate consultant...

Snapdeal's FY23 loss narrows to Rs 282 cr

Sunday, 31 December 2023 | PTI | New Delhi

Snapdeal's has seen its consolidated loss after tax narrow to Rs 282.2 crore for FY23, from Rs 510 crore in previous year, according to a statutory filing. As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in the previous fiscal...

NHAI undertakes road safety measures

Sunday, 31 December 2023 | PTI | New Delhi

State-owned NHAI has undertaken road safety measures to counter reduced visibility due to foggy conditions, an official statement said on Saturday. Mitigation measures have been classified under two heads — engineering measures and safety awareness measures — to enhance road safety during foggy conditions, it added. The guidelines also encourage NHAI...

FM meets heads of PSBs, reviews performance

Sunday, 31 December 2023 | PTI | New Delhi

Finance Minister Nirmala Sitharman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset...

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