The deficit stood over Rs 8 trillion in the first seven months of the current financial year.Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre’s revenues.. Collections from major central taxes — corporation, central goods and services tax (CGST), excise duty and customs duty — before devolution to the states declined […]

France’s economy contracted in the third quarter on weak global demand and inflation slowed to the lowest since early 2022 as economic activity remained subdued adding to hopes that the European Central Bank would start policy easing earlier than markets currently anticipate. Gross domestic product fell by a revised 0.1 percent on a quarterly basis, after expanding 0.6 percent in […]

Thousands of desperate borrowers are being warned they are at risk from loan sharks now that Morses Club, one of the last remaining doorstep loan providers, has folded. Being left high and dry after the lender, along with its brands Dot Dot Loans and Shelby Finance, went into administration makes families, often with poor credit scrores, hugely exposed to illegal […]

Pixelworks, Inc. (PXLW) announced the launch of OnePlus 12 smartphone that incorporates the Pixelworks X7 independent display processor. The Pixelworks X7 visual processor and OnePlus’ Super Frame Rate and Picture Quality Engine work together seamlessly to enhance the rendering and display capabilities for gaming. This will be the fourth OnePlus device that incorporates Pixelworks’ hardware in 2023 after the flagship […]

The European Union has completed the ratifying procedures of the ambitious free trade agreement (FTA) with New Zealand. The Council of the European Union on Monday decided to ratify the deal less than a week after the European Parliament gave its consent. The deal is expected to cut some EUR140 million a year in duties for EU companies. As a […]

Bharti Airtel has quietly narrowed its adjusted gross revenue (AGR) market share gap with Reliance Jio, the country’s largest player in the game, in the last three years. Despite Jio’s aggressive entry into 4G and now into 5G, Airtel’s gap with Jio, which was 6.4 percentage points in Q1 of FY21 and went up to 7.2 percentage  points in Q1 […]

Swift gains on Dalal Street this year have also led to a sharp surge in shares of equity market intermediaries like depositories, exchanges, and registrar and transfer Agents (RTAs). The stock prices of BSE, CDSL, CAMS, and KFin Technologies are up 24-283 per cent so far in 2023 when compared to a 9 per cent rise in the benchmark Nifty […]

Germany’s economy contracted slightly, as initially estimated, in the third quarter with the household consumption that used to be the pillar of growth, acting as a drag. Confirming the initial figures, detailed data from the statistical office Destatis showed on Friday that gross domestic product shrank 0.1 percent quarterly. Economic performance was virtually stagnant in the first two quarters of […]

Sweden’s central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points. The bank had started the latest tightening cycle in May 2022, when the […]

Led by a $6.5 billion surge in personal net worth on Tuesday, Gautam Adani, chairman of the Adani Group, is back in the top 20 of the world’s richest list and is now ranked 19th globally. Adani is also now India’s second richest with a net worth of $66.7 billion as of Tuesday, per the Bloomberg Rich List, while Mukesh […]