India wants to use a smaller state-run bank such as UCO Bank or one with minimum exposure to western sanctions imposed by US, Europe to handle the payments process, officials said.
Two days after polling ended, fuel retailers who were widely expected to raise prices have kept them unchanged. Even surge in global crude prices hasn’t made an impact yet.
Rupee is down to a record low, dragging stocks and bonds. And with few signs the commodity boom will end soon, investors are bracing for more possible losses.
Some of the typically sluggish indicators such as consumer sentiment, bank credit have seen a pick up. But escalating geopolitical tensions and higher oil prices pose risks.
The US last week made the unusual request to some of the world’s largest oil-consuming nations to consider releasing crude oil in a coordinated effort to lower global energy prices.
The move, which will remain in force till 31 March 2022, is expected to bring down the prices of crude palm, soyabean and sunflower oil and increase domestic availability of them.
Shares in Reliance extended gains to as much as 2.6% after reports of a possible deal between Reliance & Aramco after more than two years of negotiations.
On the first episode of Two Much With Kajol and Twinkle, Aamir Khan and Salman Khan were confronted with another hypocrisy: age gaps. And they didn't come out looking good.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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