Author: Isha Chaudhary

Britain has threatened to shut down Russian companies and banks to access US dollars and British pounds, restrict London’s growth and expose what Johnson calls a “Russian doll” of real estate. Ministers plan stricter sanctions against Russia, targeting UK-based oligarchs, high-tech sales, and private debt after a package unveiled by Boris Johnson was attacked by Conservative MPs for failing to hit Vladimir Putin’s power base hard enough. On Tuesday, the UK prime minister announced the suspension of assets in five Russian banks and three high-value individuals after Putin ordered troops to enter Ukraine. After President Vladimir Putin ordered troops sent…

Finance Minister Nirmala Sitharaman urges banks to be friendly with customers | Big news for customers of SBI, HDFC, and ICICI Bank, announced by Finance Minister  On Monday, the union’s finance minister Nirmala Sitharaman said banks should focus more on helping their customers so that borrowers’ debt system does not become a problem.  However, Sitharaman has clarified that banks do not have to tolerate bad credit ratings by taking any serious risks with the proposal.  Suggestion to borrow money without a problem  At the same time, the Minister of Finance also made it clear that banks should not compromise consumer…

Semicon India steps forward with Acceptance of Applications for Semiconductor and Display Factorie. Vedanta-Foxconn JV, IGSS Ventures, ISMC proposes to shut down chip electronics manufacturing companies with a $ 13.6-bn investment NEW DELHI: The government has received proposals from five electronic chip manufacturing companies and manufacturing industries with an investment of Rs 1.53 trillion, an official statement said on Saturday. The first round of applications is invited until 15.02.22 to establish Semiconductor and Display Fabs. Despite the tight application times for Greenfield semiconductor and the Display production component, the system has received a positive response. Vedanta Foxconn JV, IGSS Ventures,…

India, which unveiled the first phase of its hydrogen policy on Thursday, plans to produce 5 million tons of raw hydrogen annually by 2030, part of the European Union’s 2030 million tons target. The discovery of planets of electrolysers needed to fuel green hydrogen and the shortage of homeowners highlight India’s ambitions to use zero-carbon fuel; an authorized official told Reuters. Hydrogen is one of the critical technologies that will transform green energy across the industry and society. Despite the many benefits that hydrogen can bring, raw hydrogen in the industry is seen by many as a last resort, made…

The Enforcement Directorate (ED) has registered with ABG Shipyard Ltd, its former promoters, for allegedly defrauding banking organizations of more than Rs 22,842 crore, PTI reported, citing sources on Wednesday. The case was filed under sections of the Prevention of Money Laundering Act (PMLA) after investigators investigated a CBI complaint and an audit report. Officials reportedly said the ED would directly address the “diversification” of bank loans, the construction of shell firms to burn public funds, and the role of corporate executives and others. It comes a day after the CBI said it had issued observation notices against Rishi Kamlesh…

On Wednesday, February 16, the Reserve Bank of India (RBI) released the February 2022 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement, February 10, 2022; one speech; four articles; and current statistics. The Reserve Bank of India (RBI) said the country’s economic situation was heading in the wrong direction for global development and economic recovery as the country emerged from the third phase of the epidemic. In its February report, the central bank said manufacturing and services continued to grow in the needs and needs of consumers and businesses. The four articles are I. State of the…

WASHINGTON, Feb 15 – The White House on Tuesday will announce a new team that will promote the use of affordable building materials as it works to accelerate U.S. procurement. President Biden unveiled a new plan today to use the organization’s funds as a benefit to encourage the manufacturing industry to reduce emissions. This effort includes plans to expand the clean hydrogen market and improve regulations regarding carbon capture technology. In total, Biden’s new Buy Clean Task Force is designed to spend $ 650 billion on annual purchases by the federal government to support low-carbon goods. It would recommend measures…

Airlines Tata Group Air India and AirAsia India have signed an Airlines Tata Group Air India and AirAsia India have signed an interlinear consideration agreement (IROPs) that will allow the two companies to transfer passengers only in the event of a disruption. that will allow the two companies to transfer passengers only in the event of a disruption. While this is the first official step directed at the two airlines in the portfolio of airlines Tata Group that work together after taking over Air India, it is also a step towards implementing a plan to integrate AirAsia India with Air…

The Tata Sons Board reviewed Mr. Chandrasekaran’s last five years and considered re-election on Friday. The group’s bishop and chairman of Tata Trusts, Ratan Tata, who was present at the board meeting as a special guest, praised Chandrasekaran’s re-election as chairman of Tata Sons, according to a company statement. The report said that Tata expressed satisfaction with the party’s performance under Chandrasekaran. The statement added, “Board members have commended the performance of the Executive Chairman and unanimously approved the reappointment of Mr. N Chandrasekaran as Executive Chairman for the next five years.” He joined the Tata Sons Board in October…

On Thursday, two of the world’s leading Cola producers, PepsiCo (NASDAQ: PEP) and Coca-Cola (NYSE: KO), warned of a rise in profits. This year due to unrelenting cost increases following a sharp rise in demand and rising prices. Costs from aluminum cans to work and shipping have increased due to the disruption caused by the epidemic. The spread of the Omicron coronavirus Companies has responded with rising prices. However, with costs still high and supply constraints showing no signs of slowing down, analysts have warned that inflation will not be enough to cover the profits of food producers fully. Coca-Cola…