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Insurance Company Prudential Appoints Anil Wadhwani As New CEO

Insurance Company Prudential Appoints Anil Wadhwani As New CEO

Reuters | Wednesday May 25, 2022

Insurer Prudential Plc named Manulife executive Anil Wadhwani as its new chief executive officer

Airtel Chief Sunil Mittal Hopes For Supply Chain Restoration

Airtel Chief Sunil Mittal Hopes For Supply Chain Restoration

Press Trust of India | Wednesday May 25, 2022

"Some businesses have moved on, but at a much higher cost. I really hope that we bring sanity back to supply chains at the soonest," Mr Mittal said

States' Role Vital For Emission Intensity Reduction By 45% Till 2030: Power Minister

States' Role Vital For Emission Intensity Reduction By 45% Till 2030: Power Minister

Edited by Animesh Singh | Wednesday May 25, 2022

Power Minister R K Singh on Wednesday directed state governments to set up state-level steering committees for energy transition

IMF's Gita Gopinath Says Advanced Economies To Recover By 2024

IMF's Gita Gopinath Says Advanced Economies To Recover By 2024

Press Trust of India | Wednesday May 25, 2022, Davos

Economies worldwide have been adversely impacted by the coronavirus pandemic and are slowly coming back into the recovery path

Dealers Say Indian Palm Oil Imports May Fall To 11-Year Low Levels

Dealers Say Indian Palm Oil Imports May Fall To 11-Year Low Levels

Reuters | Wednesday May 25, 2022, MUMBAI

India's palm oil imports could fall 19 per cent to the lowest level in 11 years as soyoil, now cheaper, takes more market share

Crypto's Recent Crash Decimates Ukraine Government's Crypto Fundraise Efforts

Crypto's Recent Crash Decimates Ukraine Government's Crypto Fundraise Efforts

Reuters | Wednesday May 25, 2022

Ukraine, battered by three months of war, plans to continue to tap crypto investors to help raise funds after a plunge in prices decimated the country's fundraising efforts in May.

Sensex Falls Over 150 Points, Reversing Early Gains In A Volatile Trading Session

Sensex Falls Over 150 Points, Reversing Early Gains In A Volatile Trading Session

Edited by Rahul Karunakar | Wednesday May 25, 2022

Indian equity benchmarks fell, reversing gains in opening deals, underscoring the volatility ahead of the Federal Reserve's May meeting minutes later on Wednesday, likely to support the US central bank's aggressive rate-hike path.

Blockchain-Based Startup STAN Raises $ 2.5 Million

Blockchain-Based Startup STAN Raises $ 2.5 Million

Press Trust of India | Wednesday May 25, 2022, Bengaluru

Bengaluru-headquartered blockchain-based esports fan engagement startup STAN has raised an equity funding of $2.5 million in its seed round

Digit Insurance Aims To Raise $500 Million Via Public Offer: Report

Digit Insurance Aims To Raise $500 Million Via Public Offer: Report

Reuters | Wednesday May 25, 2022, MUMBAI

India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an IPO

Adani Ports' Shares Fall 5% After Reporting Over 20% Dip In Profits

Adani Ports' Shares Fall 5% After Reporting Over 20% Dip In Profits

Edited by Rahul Karunakar | Wednesday May 25, 2022

Shares of Adani Ports and Special Economic Zone Limited (APSEZ) fell nearly 5 per cent on Wednesday after the company reported a 21.78 per cent decline in consolidated net profit to Rs 1,033 crore for the March quarter from a year ago.

World Leaders Flag Global Recession Risks At Davos

World Leaders Flag Global Recession Risks At Davos

Reuters | Wednesday May 25, 2022

Political and business leaders gathering for the World Economic Forum meet against a backdrop of inflation at its highest level in major economies

No New Loans Or Bridge Financing To Crisis-Hit Sri Lanka: World Bank

No New Loans Or Bridge Financing To Crisis-Hit Sri Lanka: World Bank

Press Trust of India | Wednesday May 25, 2022, Colombo

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework, the global lender has said.

To Reclaim African Artifacts, 'Looty' Project Launches Digital Art Heists

To Reclaim African Artifacts, 'Looty' Project Launches Digital Art Heists

Reuters | Wednesday May 25, 2022

A Nigerian man has launched a project called "Looty" to reclaim African artifacts stolen by European colonisers by creating 3-D images of them, selling them as non-fungible tokens (NFTs) and using the proceeds to fund young African artists.

Central African Republic To Launch Crypto Platform, Despite IMF's Warning

Central African Republic To Launch Crypto Platform, Despite IMF's Warning

Reuters | Wednesday May 25, 2022

Central African Republic will launch the continent's first legal cryptocurrency investment hub, the presidency said, extending the impoverished country's embrace of digital finance despite words of caution from the International Monetary Fund.

I Still Take Salary In Bitcoin: Miami Mayor To Davos

I Still Take Salary In Bitcoin: Miami Mayor To Davos

Nathan Crooks and Madison Mills, Bloomberg | Wednesday May 25, 2022

Miami Mayor Francis Suarez said he's still taking his city salary in Bitcoin even after a rout that sent the cryptocurrency down almost 40% over the past two months.

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