India to allow Russia to invest

India to allow Russia to invest, borrow from domestic market: Report

In the face of mounting sanctions against Russia for launching military operations in Ukraine, India in line with its old ties and friendly relations will allow Moscow to invest and borrow in the domestic market. Russia has been hit by multiple sanctions following its military operations in Ukraine. Countries around the world are imposing fresh sanctions against Russia. The United States, […]

Omicron subvariant BA.2 becomes dominant
Coronavirus News

Omicron subvariant BA.2 becomes dominant strain in US, says CDC

The BA.2 sub-lineage of the Omicron variant has become the dominant strain in the United States, according to new data released by the US Centers for Disease Control and Prevention (CDC). The variant has been steadily rising in proportion due to its increased transmissibility compared to the original Omicron strain, Xinhua news agency reported. The […]

Oil hit by Shanghai shutdown

Oil hit by Shanghai shutdown; yen sinks as BOJ defies the yield tide

Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the way of higher yields. China’s financial hub of 26 million people told all firms to suspend manufacturing or have people work remotely in a two-stage lockdown over […]

Rupee slumps 49 paise

Rupee slumps 49 paise to 75.82 against US dollar in early trade

The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]