According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession later this year. Fed data According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession…
The largest gold lender in Kerala, Muthoot Finance, announced an interim dividend of 220% for the fiscal year (FY) 22–23 on Thursday at Rs 22 per share with a Rs 10 face value. The entire distribution of dividend The entire distribution for the interim dividend would be Rs 883.19 crore. The business went public in…
Adani Group establishes ambitious aims in the strategy laid out to appease creditors, in FY25, the business of ports, cement, renewables, solar panels, and roads will contribute significantly to the group’s growth. For the next two fiscal years, the Adani group hopes to increase group-level operational earnings by about 50% to around 91,000 crores, lowering…
The Reserve Bank of India Governor also stated that the bank is prepared to take action if necessary and that the repo rate will remain at 6.5 percent. The RBI Monetary Policy Committee (MPC) chose to maintain the policy repo rate at 6.50 percent, along with all other policy rates. Governor Shaktikanta Das stated that…
In attempting to reduce its debt, Vedanta Resources is eroding its subsidiary companies. Vedanta’s Struggling with Debt Adani Group, a struggling Indian infrastructure giant, hasn’t yet knocked over any further huge dominoes. Vedanta Resources, a massive mining corporation in India, is also appearing unsteady. Due to market trepidation following the instability at Adani Group, which…
