scorecardresearch
Tuesday, May 7, 2024
HomeEconomy

Economy

Dollar heads for strongest week since July, yen on back foot

By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts this

IMF reflects on 2023 economic trends: Climate change, trade and reserve assets

New Delhi , January 5 (ANI): The International Monetary Fund (IMF) took to social media to share insights into the complex economic landscape of...

India’s Dec services PMI hits 3-month high on sharp rise in new orders amid positive demand

New Delhi, Jan 5 (PTI) The services sector growth in India rose to a three-month high in December supported by favourable economic conditions and...

Brookfield to buy ATC’s India biz in $ 2.5 bn deal; enterprise value $ 2 bn alongside ticking fee

New Delhi, Jan 5 (PTI) Canadian firm Brookfield is all set to acquire the Indian business of American Tower Corporation, in a mega USD...

Brookfield to buy American Tower’s India ops for $2.5 billion

(Reuters) -Canada's Brookfield Asset Management will buy American Tower's Indian operations for $2.5 billion, which will make the asset manager overtake Indus Towers to become the country's largest

Gold set for first weekly fall in four; US jobs data in focus

By Harshit Verma (Reuters) - Gold was headed for its first weekly drop in four on Friday, as reduced bets of an early interest rate cut in the U.S. boosted the dollar and bond yields, while investors

World Bank raises GBP 1.5 billion in 5-year sustainable development bond

New Delhi , January 5 (ANI): The World Bank, represented by the International Bank for Reconstruction and Development (IBRD), has successfully priced a 5-year...

American Tower to sell India operations to Brookfield for $2.5 billion

(Reuters) - Telecom tower operator American Tower said on Thursday it would sell its India operations to Canada's Brookfield Asset Management for $2.5 billion. The transaction will be carried out by

Mega tower deal: Brookfield to acquire India biz of ATC for USD 2 bn enterprise value

New Delhi, Jan 5 (PTI) Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of USD 2...

“Under PM Modi’s guidance, India will become global epicentre”: Piyush Goyal at IIJS Signature 2024

Mumbai (Maharashtra) , January 5 (ANI): Union Minister of Commerce and Industry Piyush Goyal inaugurated the India International Jewellery Show (IIJS) Signature 2024 organized...

On Camera

AI is doing the brave work humans are still squeamish about—using they/them pronouns

The hullaballoo over LinkedIn bot’s pronoun use comes on a day when CJI DY Chandrachud used the phrase ‘pregnant person’ in his judgment. It is a thing now. Get with the programme.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

Indian Coast Guard seizes Iranian fishing vessel, rescues six Indian crew members

The ICG said in a statement that the boat was seized and brought to Kochi for further investigation on May 6.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.