Articles for tag: Aditya, Bank, Brighter, Financial, Future, Hopeful, insolvency, Khaitan, McLeod, Remains, Resolutions, Russels, Turmoil

September 30, 2024

Amid insolvency turmoil, McLeod Russel’s Aditya Khaitan remains hopeful for bank resolutions and a brighter financial future.

Aditya Khaitan, chairman of McLeod Russel India, expressed optimism about resolving the company’s debt issues during the annual general meeting. Despite facing multiple insolvency petitions from creditors like State Bank of India and HDFC Bank, he remains hopeful that the banks will cooperate to establish a resolution. Khaitan highlighted the potential for a better fiscal ...

September 26, 2024

Market News

Business

India’s labor market remains stagnant with 3.2% unemployment, overshadowed by rising self-employment, amidst evolving regulatory challenges and international agreements.

The recent Periodic Labour Force Survey report for July 2023 to June 2024 shows that India’s unemployment rate remains steady at 3.2 percent, unchanged from the previous year. However, the report reveals significant challenges in the labor Market, including a growing trend of self-employment, with over half of the workforce categorized as “own account workers” ...

September 25, 2024

Market News

Business

Despite political upheavals in Sri Lanka and Bangladesh, Indian Minister Jaishankar remains hopeful for positive regional relations and cooperation.

Indian External Affairs Minister S. Jaishankar shared his optimism about India’s relationships with neighboring countries Sri Lanka and Bangladesh, despite recent political changes. He emphasized that India does not aim to control its neighbors but values the interdependence that benefits both nations. Jaishankar highlighted India’s timely support during Sri Lanka’s economic crisis and expressed confidence ...

September 23, 2024

Market News

Business

RBI Governor Shaktikanta Das remains firm on rates amid food inflation, as new MPC members prepare for a critical meeting.

RBI Governor Shaktikanta Das has decided to keep interest rates unchanged, and this decision is influenced by rising food inflation and slow progress on reducing overall prices. The upcoming Monetary Policy Committee (MPC) meeting in October is particularly important because it comes at a time when many global central banks are lowering rates. This meeting ...

September 19, 2024

Market News

Politics

Chaos in Bihar: Rahul Gandhi Flags ‘Jungle Raj’ as Homes of Dalits Burn, While PM Remains Uncomfortably Silent

In a troubling incident in Nawada district, Bihar, twenty-one houses belonging to Scheduled Castes were set ablaze, leading to widespread condemnation. Rahul Gandhi called the attack a tragic example of injustice against the Bahujans and criticized the Prime Minister’s silence as complicity. Leaders from Congress and RJD condemned the violence, highlighting the lawlessness under the ...

September 7, 2024

Market News

Business

Wockhardt vehemently denies allegations of improper rental payments and insists it remains compliant with all applicable laws amid investigations.

Wockhardt, the Mumbai-based drug company, has firmly rejected allegations concerning rental payments connected to Carol Info Services and issues raised by the Securities and Exchange Board of India (Sebi). In a recent regulatory filing, Wockhardt described the claims as “completely baseless and misleading,” emphasizing their commitment to abiding by all laws. These statements came in ...