“The budget has been presented only with a political objective rather than the economic development of the state. People are wondering whether it is the additional budget or the election manifesto of the Grand Alliance,” said LoP Wadettiwar.In his speech on the debate on the additional budget...
VMPLNew Delhi [India], July 2: Mobicule Technologies Pvt. Ltd., based in Mumbai. Ltd., a leader in Phygital Debt Resolution and Client Onboarding, proudly announces its strategic expansion into the South India market, marking a significant step towards enhancing its presence and capabilities...
Colombo President Ranil Wickremesinghe on Tuesday said "substantial progress" has been made in Sri Lanka's debt restructuring, which he said provided much-needed breathing room for the cash-strapped country to transform its economy into bankruptcy in a resilient and stable economy.Briefing...
In Nairobi [Kenya], the Kenya National Commission on Human Rights (KNCHR), in its fourth report, criticized President William Ruto for using brutal force against citizens protesting against the Finance Bill 2024, which included increases unpopular taxes.The East African nation faces an...
Colombo, Sri Lanka President Ranil Wickremesinghe on Tuesday responded to opposition criticism of the cash-strapped country's external debt restructuring deal with major bilateral creditors and promised to submit all agreements and documents related to the debt restructuring to a parliamentary...
The company will use the funding to refinance existing debt and pursue its inorganic growth strategy and further strengthen its businesses in APAC (Asia-Pacific), UK and Australia.“In Orion Capital Asia, we found a partner that fully appreciates our business model, supports our initiatives and...
In New Delhi [India], Telugu Desam Party (TDP) MP Lavu Sri Krishna Devarayalu sought help from the Bharatiya Janata Party-led Center to help Andhra Pradesh in "redevelopment and reconstruction".During his speech in the Lok Sabha, he also urged the concerned ministries to help Andhra Pradesh in...
Nairobi [Kenya], East Africa Kenya experienced widespread violent protests last week during which at least 19 people lost their lives. Kenya's debt crisis highlights the challenges many African nations face in balancing development goals with financial stability.Kenya, known as one of the...
PNNMumbai (Maharashtra) [India], July 1: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading manufacturers and exporters of coated metal products, specializing in Pre-painted Galvanized Steel and Plain Galvanized Steel . both in coil and sheet form...
New Delhi: After two months of net outflow, foreign investors turned buyers in June, pumping Rs 26,565 crore into Indian stocks, buoyed by political stability and a strong rally in markets.Going forward, focus will gradually shift towards the budget and Q1FY25 earnings, which could determine...
The state economy during 2023-24 is expected to grow by 7.86 per cent, according to the Economic Survey released on Thursday.The MTFP statement, which was presented in the state Assembly along with the annual budget for 2024-25 by deputy CM Ajit Pawar on Friday, has indicated that its...
New Delhi, To boost participation of small investors in the stock market, Sebi on Friday increased the threshold for basic facility demat account to Rs 10 lakh from the current Rs 2 lakh.The new guidelines will come into effect from September 1, the Securities and Exchange Board of India...
Chhatrapati Sambhajinagar, leader of the opposition in the Ambadas Danve Legislative Council, on Friday termed the Maharashtra budget presented by deputy chief minister Ajit Pawar as "political hypnotism" and claimed that regions like Marathwada and Vidarbha got nothing."The State has...
Mumbai, Markets regulator Sebi on Thursday decided to simplify the process of public issuance of debt securities to provide faster access to funds for such issuers.Under this, the Sebi board has decided to reduce the period for inviting public comments on the draft offer documents from 7...
Beijing and Maldives Trade Minister Mohamed Saeed held talks on Thursday with Chinese banks to form strategic alliances to boost his country's economy, while US credit rating agency Fitch downgraded Male's credit rating to junk, which raised questions about the country's ability to pay its...
Colombo Former Sri Lankan President Mahinda Rajapaksa left on Thursday on an official visit to Beijing, where he will meet Premier Li Qiang and Foreign Minister Wang Yi to discuss the debt restructuring deal of the island nation with China.China is Sri Lanka's largest bilateral lender, holding...
According to the Economic Survey 2023-24 presented in the Maharashtra Assembly on Thursday by Deputy Chief Minister Ajit Pawar, although public debt has increased to 17.6 per cent of gross state domestic product (GSDP) against 16.5 per cent, it is well within the range of Rs. The prescribed...
Paris [France], Sri Lanka on Wednesday sealed the $5.8 billion debt restructuring deal with the Official Committee of Creditors (OCC), in a major step towards its recovery from the 2022 financial crisis.The OCC, the group of creditor nations including India, was launched on April 13, 2023 to...
"I extend my gratitude to our creditors, including China and the Exim Bank of China, India, Japan and France, who co-chair the Official Committee of Creditors," President Wickremesinghe said in a televised address on Wednesday evening.The debt structuring agreement allows Sri Lanka to defer...
New Delhi, India on Wednesday welcomed Sri Lanka's debt restructuring deal with a group of creditor nations and said it will continue to support the island nation's economic recovery, including by promoting long-term investments.India is one of the co-chairs of the Official Committee of...