The impact of the third wave of Covid on economic momentum may lower growth in the second half of the current fiscal (H2FY22), Brickwork ratings has said in a release. According to the ratings agency, with the upward revisions of the FY21 GDP growth by Mospi, they revise their GDP growth ...

Rating agency Moody’s has revised the economic growth estimates of India for Calendar Year (CY) 2022 and CY2023, in its Global Macro Outlook 2022-23, as follows: CY2022- 9.5 percent (Earlier it was 7 percent) CY2023 – 5.5 percent

India Ratings & Research (India Ratings) has revised downwards the GDP growth forecast of the country for 2021-22 (FY22) to 8.6 percent. Earlier this was projected at 9.2 percent. The National Statistical Organisation (NSO), which has forecast 9.2 per cent real GDP ...

Bharti Airtel said it has joined the 'SEA-ME-WE-6' undersea cable consortium in a bid to scale up its high-speed global network capacity to serve India's fast-growing digital economy. Airtel will be the major investor in the SEA-ME-WE-6. It shall be anchoring 20 percent of the ...

NPCI International Payments Limited (NIPL) has partnered with Gateway Payments Service Pvt Ltd and Manam Infotech Private Limited to deploy Unified Payments Interface(UPI) in Nepal. Nepal will be the first country to adopt India's UPI system, which will play a pivotal role in transforming the ...

Reserve Bank of India conducted the 6th and the last Monetary Policy Committee (MPC) meeting for 2021-22 between February 8-10, 2022. Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. The central ...

Fintech unicorn Razorpay has acquired a majority stake in Curlec in a deal that values the Malaysian payments startup at over $19 million. Razorpay will fully acquire the company later in 18 months.  Overall this is the fourth acquisition of Razorpay and the first acquisition in a foreign ...

Reserve Bank of India (RBI) has emerged as the second-largest buyer of Gold among the world’s Central Banks in 2021. The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI bought 77.5 metric tonnes taking its total gold reserve to 754.1 ...

The Asian Development Bank (ADB) on February 06, 2022 said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response. "The Asian Development Bank committed a record USD 4.6 billion in sovereign lending to India in 2021 for 17 loans. The ...

The National Statistical Office (NSO) has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2020-21. NSO comes under the Ministry of Statistics and Programme Implementation. As per the ...