Business

Nithin, and Nikhil Kamath, co-founders of Zerodha, have formally risen to the status of billionaires on the Forbes World’s Billionaires List for 2023. Nithin Kamath, the CEO of India’s most prominent stockbroking firm, is ranked 1104 and is thought to have a net worth of $2.7 billion. With a net …

In an attempt to reassure Americans that the crisis was under control, President Joe Biden said Monday that U.S. taxpayers would not be responsible for rescuing depositors at the defunct SVB bank. “No losses will be borne by the taxpayers,” he said, adding that the government is ensuring SVB depositors …

According to the Bloomberg Billionaires Index, billionaire Gautam Adani’s net worth fell below $50 billion on Monday. His total fortune is now $49.1 billion. Just a month ago, the 60-year-old industrialist’s net worth was estimated to be around $120 billion, ranking him third in the world. That changed dramatically after …

Efforts to revive China’s economy have become “complicated” due to increased global competition for investment, according to President Xi Jinping, who has called for measures to prevent and defuse significant economic and financial risks, such as those posed by the property sector and piling local government debt. Xi stated in …

In the wake of a significant uproar over the BBC’s documentary on Prime Minister Narendra Modi and the deadly sectarian riots in Gujarat in 2002, income tax officials searched the BBC’s offices in Delhi and Mumbai on Tuesday and seized phones and laptops. To conduct a “survey” regarding alleged profit-diversion …

After causing two days of disruption in the House with their demands for an investigation into claims of stock manipulation and accounting fraud against the Adani Group, opposition parties were anticipated to participate in the discussion of the President’s speech in Parliament on Monday. Before a demonstration at 10 am …

The Indian economy is expected to slow down slightly in the upcoming fiscal year, according to the International Monetary Fund (IMF), which forecasted growth to drop to 6.1 percent from 6.8 percent during the current fiscal year ending March 31. The January update to the IMF’s World Economic Outlook was …

The Taliban invasion of Afghanistan put Indian companies’ infrastructure projects in jeopardy. Still, even worse, the Afghanistan International Bank is trying to covertly cash bank guarantees even though it has invoked force majeure clauses and isn’t fully paid for the work already completed. This was disclosed in a petition KEC …

According to the head of the International Monetary Fund, China’s transition from a Covid Zero policy to more normal functioning will likely be the most crucial factor for global growth in 2023. He urged China to move forward with its economic reopening. Even though growth slows from an anticipated 3.2% …

On Wednesday and Thursday, hundreds of employees of Goldman Sachs, a central Wall Street bank, were let go as the company started laying off as many as 3,200 people globally. It is believed that 700 to 800 employees of the company who worked in India were let go due to …