Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Sri Lanka postpones school exams as the country ran out of paper and has no foreign exchange to import

OpIndia Staff -
Sri Lanka postpones school exams in western province as they don't have papers to print the question papers
News Reports

Nykaa’s Falguni Nayar is now five times richer than Paytm’s Vijay Shekhar Sharma with personal assets worth USD 4.9 billion

OpIndia Staff -
Falguni Nayar enters the Hurun Global Rich List 2022 as the richest new entrant from India with personal wealth amounting USD 4.9 Billion. India added 51 new billionaires in the list.
Economy and Finance

As Russian oil sector faces financial issues due to sanctions on banks, Russian Deputy PM speaks to Indian Petroleum minister, invites Indian investment

OpIndia Staff -
Russian Deputy PM Alexander Novak talked with the Indian Petroleum Minister Hardeep Singh Puri over telephone
News Reports

Sensex and Nifty soars as early trends predict BJP victory in UP, Uttarakhand and Manipur

OpIndia Staff -
Nifty 50 of the National Stock Exchange (NSE) also soared 388.75 points (2.38%) and traded at 1634.10 at 11:17 am on Thursday.
News Reports

Russian Banks to switch to Chinese payment system UnionPay after Visa and MasterCard suspend operations in Russia

OpIndia Staff -
Chinese company UnionPay along with Russia's domestic system MIR will operate payment cards for Russian Banks
News Reports

CBI books shipbuilding company ABG Shipyard and its directors in Rs 22,842 crore bank fraud case

OpIndia Staff -
CBI books ABG Shipyard and its directors in bank fraud case, company owes Rs 22,842 crore to a consortium of 28 banks
News Reports

Mark Zuckerberg loses almost $30 billion in net worth in one day, Mukesh Ambani and Gautam Adani now richer than Facebook founder

OpIndia Staff -
The biggest ever single-day market value wipeout has pulled down founder and Chief Executive Officer Zuckerberg's net worth to $85 billion.
News Reports

Mumbai: ED raids premises of Sujit Patkar, business partner of Shiv Sena MP Sanjay Raut’s daughters, in Rs 1,034 crore land scam

OpIndia Staff -
Sujit Patkar, business associate of Shiv Sena leader Sanjay Raut's daughters, Purvashi and Vidhita, raided by ED in land scam
News Reports

Digital Rupee will be backed by RBI, other cryptocurrencies will never be legal tenders: Finance Secretary

OpIndia Staff -
The Finance Secretary has confirmed that the Digital Rupee backed by RBI will be only legal digital tender in country
Economy and Finance

Union Budget 2022-23: Finance Minister Nirmala Sitharaman announces National Mental Health Programme

OpIndia Staff -
The Covid-19 pandemic has accentuated mental health problems in people of all ages, Finance Minister Nirmala Sitharaman said today while presenting the Union Budget 2022-23.
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