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Saturday, March 25, 2023

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Business & Finance

Malaysia’s Petronas To Sell Its Entire Stake In South Africa’s Engen To Vivo Energy

State energy business of Malaysia, Petronas, is selling its complete 74% stake in the largest gas station chain in South Africa, Engen, to the...

Disney Lays Off 7,000 Employees Under CEO Iger’s Restructuring Plan

On Wednesday, Walt Disney Co. announced it is laying off 7,000 employees, under the recently returned CEO Bob Iger, in its effort to save...

AI Powered Trusted Due Diligence Platform With Integrated Dynamic Scoring Engine For The FSC

The FSC is well embarked upon a digital transformation journey and would strive to remain a centre of trust and of good repute. An...

India Raises Its Defence Budget By Nearly 13% to $72.6 Billion

India on Wednesday suggested spending 5.94 lakh crore ($72.6 billion) on defense for the fiscal year 2023–2024, an increase of nearly 13% from initial...

Adani Withdraws Fully Subscribed FPO; Continues To Face Pressure Over Hindenburg Report

Adani Enterprises said on February 1 that it had canceled its Follow-On Public Offering (FPO) and will refund money to its investors. The move...

Lebanon Devalues Its National Currency By 90%

On Wednesday, Lebanon depreciated its official exchange rate for the first time in 25 years, lowering it by 90% while maintaining a significant undervaluation...

UK, The Only G7 Economy Forecast To Shrink In 2023

The United Kingdom will witness a huge decline in its economy and perform much worse than other bigger economies in 2023, said the International...

Renminbi, A Gaining Currency!

“Follow the money,” goes the saying. The money that is changing roles of the Renminbi (‘RMB’) and the US dollar, is perhaps the best...

SBM Bank (India) And The Reserve Bank Of India Currently In Discussions

SBM Bank (India) has been instructed by the Reserve Bank of India (RBI) to cease all transactions under the Liberalized Remittance Scheme (LRS) until...

India: RBI Directs SBM Bank (India) Ltd To Stop Outward Remittance Transactions

The Reserve Bank of India (RBI) has directed SBM Bank (India) to end all transactions under the liberalized remittance scheme (LRS) until further notice....
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