With the infusion, the bank's total invested capital in India will increase to over Rs 8,300 crore
The airline founded by Richard Branson has received positive responses from institutional investors about an initial public offering, with an autumn announcement likely
Ahuja’s hiring follows that of Ee Ching Tay who joined Barclays as head of Southeast Asia banking from JPMorgan Chase & Co. earlier this year
Barclays said it would pay an interim dividend of 2 pence per share, equivalent to around 340 million pounds in total, after the Bank of England in July scrapped payout curbs
Barclays Plc and JPMorgan Chase & Co are among the banks that are in discussion with Adani to provide funds to Adani Airport Holdings Ltd
RBI may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the accommodative stance in the interim, said Rahul Bajoria, chief economist at Barclays India
"I like the way Rohit Sharma plays and the way Virat Kohli plans his innings," says Kulkarni, who has also been busy buying stressed loans from banks and NBFCs in the past one year
COVID-19 lockdowns to cost India $74 billion in Apr-Jun: Barclays
The economic costs of the second wave of COVID-19 pandemic in India and lockdowns to curb spread of infection are rising rapidly, and may cost India $74 billion (about Rs 5.4 lakh crore) during April-June quarter, according to Barclays. While the economy is "reasonably stable", it experienced a sharp decline in activity in May.
WhatsApp sues Indian govt, says new media rules mean end to privacy
WhatsApp has filed a legal complaint in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel the California-based Facebook unit to break privacy protections, sources said. The lawsuit, described to Reuters by people familiar with it, asks the Delhi High Court to declare that one of the new rules is a violation of privacy rights in India's constitution
Moderna plans India launch next year for single-dose COVID vaccine
Moderna is expecting to launch a single-dose COVID-19 vaccine in India next year and is in talks with Cipla among other Indian firms, while another US giant Pfizer is ready to offer 5 crore shots in 2021 itself but it wants significant regulatory relaxations including indemnification, sources said on Tuesday.
Cyclone Yaas intensifies into very severe cyclonic storm, red alert in Odisha, Bengal
Cyclone Yaas intensified into a very severe cyclonic storm on Tuesday evening, India Meteorological Department Director General M Mohapatra said. The IMD has also issued a red-coded warning alert to the Odisha and West Bengal coasts. It is very likely to move north-northwestwards, intensify further and reach near north Odisha coast close to Dhamra port
COVID-19: Delhi reports lowest daily deaths since April 16, positivity rate at nearly 2-month low
Delhi recorded 156 Covid fatalities on Tuesday, the lowest since April 16, while 1,568 new cases were reported as the positive rate dipped to nearly two-month low of 2.14 per cent, according to the daily health bulletin.
This is the third day in a row that the daily cases in the national capital have remained below 2,000.
While the economy is "reasonably stable", it experienced a sharp decline in activity in May as is evident in high frequency data, the brokerage said.
Barclays chief India economist Rahul Bajoria also mentioned the slow pace of vaccinations in the country and the rolling lockdowns across many states for the estimate
The new measures will offer both financial and on-the-ground support, Barclays Asia Pacific said in a statement
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