Sri Lanka has implemented a new initiative that grants visa-free entry to visitors from seven countries, including India, China, and Russia. The pilot project, approved by the Sri Lanka Cabinet, aims to boost tourism and attract more tourists to the country. The decision was announced by Sri Lanka’s Minister of Foreign Affairs, Ali Sabry, on…
China’s Capital Flight Hits Highest Monthly Outflow Since 2016 In a concerning trend for Chinese markets, the pace of capital flight out of China reached its highest level since early 2016. Banking clients were responsible for sending nearly $54 billion overseas, further exacerbating the economic outlook and real estate crash that have been weighing on…
Amazon Great Indian Festival Offers Huge Discounts on Gaming Accessories The Amazon Great Indian Festival is now live for all users, bringing massive discounts across a wide range of products, including gaming accessories. If you’ve been considering upgrading your work or gaming setup, Amazon has several offers for you. This article highlights some of the…
Wagh Bakri Tea Group executive director, Parag Desai, tragically passed away at a hospital in Gujarat due to severe brain injuries sustained during a fall while trying to escape from stray dogs during an evening walk. The 50-year-old Desai suffered a brain haemorrhage after falling on a hard surface outside his residence on October 15….
Gasoline prices are set to drop to as low as $3.25 by the end of this year, despite the increase in oil prices, according to Patrick De Haan of GasBuddy. The price of Brent, which is currently trading above $90 a barrel, has been rising. However, US drivers can expect relief as pump prices continue…
Catastrophe bonds, commonly known as cat bonds, are experiencing a highly favorable year due to a combination of factors. The Swiss Re Cat Bond Price Return Index shows a year-to-date return of 16.5%, signaling a prosperous period for investors in this market. While the bond market has faced challenges recently, such as inflation, a growing…
New Delhi, India – Indian entrepreneurs have been advised by Sabeer Bhatia, the founder of Hotmail, to focus on their cost-efficient business models for Indian customers rather than trying to conquer the global market. Bhatia, who was in the city for the launch of an Artificial Intelligence (AI) and entrepreneurship course in collaboration with Jamia…
Yes Bank, a private sector lender based in the city, has announced a significant increase in its net profit for the September quarter. The bank reported a net profit of Rs 228.64 crore, marking a 47% increase compared to the same period last year. However, it should be noted that the bank’s net profit for…
ICICI Bank, a private sector lender, has reported a significant increase in its standalone net profit for the September 2023 quarter. The bank’s net profit rose by 36% to ₹10,261 crore, compared to ₹7,558 crore in the same quarter last year. This boost in profit can be attributed to an increase in interest income. According…
RBI Approves Appointment of Ashok Vaswani as New MD and CEO of Kotak Mahindra Bank In a significant move, the Reserve Bank of India (RBI) has given its approval for the appointment of Ashok Vaswani as the new Managing Director & Chief Executive Officer (MD & CEO) of Kotak Mahindra Bank. This decision marks a…
