Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

No ‘flip flop’ or ‘mismanagement’ around Rs 2000 note withdrawal, the signs were clear from day one. Read details

Raju Das -
The withdrawal of Rs 2000 note by RBI is not sudden neither it is a flip-flop, it was a widely anticipated decision.
News Reports

RBI withdraws Rs 2000 currency notes from circulation, to remain legal tender. Here is how and when the notes can be exchanged

OpIndia Staff -
The Reserve Bank of India has advised banks to stop issuing 2000 denomination banknotes with immediate effect.
News Reports

Is Elon Musk’s Tesla finally coming to India, this time, on India’s terms? Talks restarted with a new factory proposal: What we know so...

OpIndia Staff -
Tesla is reportedly back in talks with the central government about manufacturing in India.
News Reports

Amazon Web Services to invest over 1 lakh crore in cloud infrastructure in India by 2030

ANI -
Amazon Web Services (AWS) on Thursday announced it plans to invest USD 12.7 billion (Rs 1,05,600 crore) in cloud infrastructure in India by 2030
News Reports

Retail inflation in India comes down by 1% in a month to reach 4.7% in April

ANI -
Retail inflation in India eased further in April to 4.7 per cent as against 5.7 per cent the previous month.
News Reports

Adani Group to develop India’s first integrated data centre and technology business park in Visakhapatnam

ANI -
AdaniConneX, a 50:50 joint venture between Adani Group and EdgeConneX, will build a data centre, technology and business park, and skill development centre in Andhra Pradesh
News Reports

Pakistan economic crisis: Inflation hits record-high 36.42% in April, highest in South Asia

OpIndia Staff -
Pakistan's economic crisis continues to deepen as its YoY inflation hit its highest-ever level of 36.42 per cent in April.
News Reports

Go First files for voluntary insolvency: Here is how a faulty engine by US-based Pratt & Whitney is causing the collapse of an Indian...

Raju Das -
Go First filed for voluntary insolvency before the National Company Law Tribunal blaming "faulty" Pratt & Whitney engines
Economy and Finance

Another US bank closed, JP Morgan to acquire assets of First Republic Bank

ANI -
As of April 13, 2023, First Republic Bank had approximately USD 229.1 billion in total assets and USD 103.9 billion in total deposits.
News Reports

India and Russia explore the possibility of transactions using RuPay and Mir cards between the two countries

OpIndia Staff -
With the mutual adoption of RuPay and Mir cards Indian and Russian people would be able to make hassle-free payments in their respective nations in Indian rupees and Russian rubles.
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