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As part of its expansion plans in the country, Barclays also inaugurated its International Banking Unit (IBU) branch at GIFT City in Gujarat in February 2021

Barclays Bank to pump in over Rs 3,000 cr in India operations

Aug 26, 2021

With the infusion, the bank's total invested capital in India will increase to over Rs 8,300 crore

The airline is 51 per cent owned by Branson's Virgin Group and 49 per cent by the U.S.'s Delta Air Lines Inc. (Source:Reuters)

Richard Branson's Virgin Atlantic plans to list in London

Aug 08, 2021

The airline founded by Richard Branson has received positive responses from institutional investors about an initial public offering, with an autumn announcement likely

The appointment comes at a time when the lender is looking to bolster its share of the region’s dealmaking boom (Source:Reuters)

Barclays appoints StanChart’s Kunal Ahuja as Southeast Asia M&A head

Aug 04, 2021

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' investment bank continued its strong run

Barclays pays out over $1 bn in dividends, buybacks to shareholders

Jul 29, 2021

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

MIAL has a debt of over $1 billion

Adani seeks $1 billion to refinance Mumbai airport debt

Jul 08, 2021

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

RBI in a bind amid surging inflation; may not hike rates till Q1 FY23, says Barclays

Jun 29, 2021

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

Mukund Kulkarni

Kulkarni, The Cricket Buff

May 28, 2021

"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

May 26, 2021

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.

Although India's second COVID-19 wave has started to recede, the related economic costs have been larger owing to more stringent lockdowns.

COVID-19 lockdowns to cost India $74 billion in Apr-Jun: Barclays

May 25, 2021

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.

COVID-19 2nd wave: Barclays slashes India's FY22 GDP growth estimate to 9.2%

May 25, 2021

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

Barclays said it will continue to monitor the situation for all of its employees globally and is working to ensure they are offered the right support

COVID-19 second wave: Barclays announces support measures for employees in India

May 22, 2021

The new measures will offer both financial and on-the-ground support, Barclays Asia Pacific said in a statement