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Business
Front-runner to be next BOJ chief calls for faster green growth strategy
Japan needs a faster “third arrow” growth strategy focusing on promoting a carbon-neutral society, including by creating a financial hub in Tokyo for Asian firms aiming to go green, said Hiroshi Nakaso, considered a front-runner to be…
LIC’s profit motives come full circle with listing
MUMBAI: May 17, when LIC will list, marks the end of the cycle in the corporation’s 66-year history when it functioned without a profit motive. It was the absence of the profit motive or the concept of shareholder’s funds that resulted in…
China’s economy cools sharply in April as lockdowns bite
BEIJING: China's economic activity cooled sharply in April as widening Covid-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to fears the economy could shrink in the second quarter. Full or…
New Zealand to speed up electric car adoption to cut emissions
New Zealand will accelerate its adoption of electric vehicles and investigate hydrogen as an alternative energy source as it seeks to phase out fossil fuels and play its role in mitigating global warming.
Announcing its first…
Asian stocks: Asian stocks try to bounce, China data a risk
SYDNEY: Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session.
Forecasts are for a…
Vietnam PM’s US visit reaffirms Hanoi’s role in stabilising SE Asia
Vietnam’s Prime Minister Pham Minh Chinh has undertaken a successful and landmark visit (May 11-17) to USA eyeing to address bilateral disagreements and push partnership including America-ASEAN ties that would play a big role in peace and…
navi finserv: Navi Finserv set to raise Rs 600 cr from public bond sale
Mumbai: Navi Finserv, controlled by Flipkart cofounder Sachin Bansal, is set to raise ₹600 crore via a public issuance of bonds, supposedly the first such retail bond sale by a fintech company in India, three people familiar with the matter…
Investors look at flip side of crypto coin
Mumbai: Ashwin Nadar, a 25-year-old software engineer based in the country’s commercial capital, is still shocked by the sudden collapse of Luna, a popular cryptocurrency, last week.
“It was a disturbing event. I bought Luna at $73 and got…
Markets: Markets could face selling on every rise
Mumbai: India's benchmark indices could see more weakness in the days ahead after recording losses for the fifth week in a row and the Nifty breaching the important psychological support of 16,000. Investors will also watch out for the…
Cement is not a material you import – you have to be naturally atmanirbhar: Gautam Adani
The race to acquire Holcim's Indian cement business pitted Gautam Adani against JSW's Sajjan Jindal and market leader , part of the Aditya Birla Group. The successful acquisition makes Adani Cement, which was set up last year, India's…