[ad_1] Chirag Paswan, Union Minister for Food Processing Industries, on his new role, relationship with PM Modi, alliance with long-time political rival Nitish Kumar, and how he sees a more active role for himself in state politics. The conversation was moderated by Deeptiman Tiwary, Deputy Associate Editor, The Indian Express Deeptiman Tiwary: Your short political career is inundated with upheavals — your father passing away, the party breaking up, and then you rebuilding your party. How has this journey been? The past few years have been like a roller coaster…
Tag: Exchange
Dollar: Dollar shortage may impact foreign exchange borrowing companies
[ad_1] Mumbai: Signs of Dollar Shortage is emerging in India and many companies borrowing foreign currency may face some adverse conditions, according to the central bank’s Financial Stability Report (FSR) Told. “Signs of tension are also emerging in short-term dollar financing,” it said. “With the announcement of sanctions, the forward rate agreement – the overnight indexed swap spread – how expensive or cheap it will be for banks to borrow in the interbank market relative to the risk-free rate – has widened along with the spread of non-financial commercial letter,”…
Crypto: Crypto Exchange Hunkers Down When Everything Goes Wrong in India
[ad_1] India’s largest digital asset exchanges set for draw-out crypto Winter – with some unwanted local twists. With token prices plummeting, customers unable to transfer funds to their accounts and a horrific transaction on cryptocurrencies just around the corner, exchanges such as Binance-backed WazirX have put expansion plans on the back burner. “We have cut all our non-critical costs,” said Rajagopalan Menon, Vice President of WazirX. “We are only hiring the important ones, we are not spending money at all. It really is crypto here,” he said, using industry jargon…
PVR: SEBI, Stock Exchange approve the PVR-INOX merger proposal What’s next?
[ad_1] New Delhi: PVR and has received approval from SEBI and stock exchanges in relation to the proposed merger, three months after the merger was announced. Next step for two multiplex owners is to get company approval National Company Law Tribunal (NCLT), according to Nirmal Bang Institutional equities may take another six months. The Competition Commission of India (CCI) has not raised any objection to the merger in the last three months, which Street feared. As time passes, the chances of CCI raising an issue become less. However, given its…