Lenders of Reliance Naval and Engineering Ltd. (RNEL), which is undergoing debt resolution process under IBC, are set to face a haircut of whopping 90 per cent to 95 per cent, if the resolution plan of either of the two resolution applicants is accepted by them....
The benchmark gauge for world food prices went up in February, reaching an all-time high, led by vegetable oils and dairy products, the UN's Food and Agriculture Organization (FAO) said....
Payments company PayPal has announced that it is suspending its services in Russia in the wake of Ukraine invasion....
The US-based video game holding company Activision Blizzard has announced that it is suspending new sales "of and in" its games in Russia....
In another blow to Russia's financial system, Visa and Mastercard have announced to suspend all operations in the country in the wake of Ukraine invasion....
The US-based Internet backbone provider Cogent Communications has cut off services in Russia, "terminating its contracts" with the customers in the country in compliance with the European Union's move to ban Russian state-backed media outlets....
The Russian authorities are discussing the possibility of abolishing criminal and administrative liability for the use of unlicensed software "from countries that supported the sanctions."...
Rush for safe haven investments during the ongoing market volatility triggered by Russian-Ukrainian conflict is expected to push global gold prices higher....
High commodity prices as well as outflow of foreign funds from equity markets are expected to subdue the Indian rupee further....
The sharp exodus of foreign investors funds from Indian equity market has been compensated by domestic investors, said Motilal Oswal Financial Services (MOFSL)....