Colombo: Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said after bailout talks with the bankrupt island nation. Representatives from the global lender have just concluded...

Islamabad: A Pakistani court has sentenced a man to 15 years in jail for financing the main handler of 2008 Mumbai attacks. Sajid Majeed Mir, 43, was arrested in 2020 and sentenced in May this year, but his detention and sentencing were never...

India’s largest carmaker Maruti Suzuki has been feeling the absence of SUVs in its line-up, and just had the previous-generation Brezza and the bigger S-Cross in its off-roader portfolio. The absence of a strong line-up and new-generation models...

The Reserve Bank of India said the shock waves from the war in Ukraine and retaliatory economic and financial sanctions (on Russia) have jolted the global economy, which was already beleaguered by successive waves of the Covid-19 pandemic.

India’s industrial sector had been hit hard by the impact of the pandemic and the war in Ukraine but has held up against several risks. The broader economy has also scripted a robust recovery against the backdrop of several risks, such as inflationary...

The rupee breached for the first time the 79 level in post-market trade on 29th June. The fall came even as the Reserve Bank of India (RBI) managed to defend the domestic unit from breaching the milestone level earlier in the day for most of...

Inflation can bring down Governments. It can also bring about war – thankfully less so in Europe than in the past (I’m thinking of Germany). Inflation can also bring disaster to an economy rapidly, for instance the European Exchange Rate Mechanism...