World Bank President Jim Yong Kim announces resignation
World Bank CEO Kristalina Georgieva will serve as interim president upon Kim’s February 1 departure.
By Agence France-Presse | Agence France-Presse
UPDATED ON JAN 07, 2019 10:49 PM IST
Washington, Jan 7, 2019 (AFP) - World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.
“It has been a great honor to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime,” Kim said in a statement.
Kim, who took over leadership of the global lender in 2012, is to join an as-yet unnamed firm focusing on investments in developing countries.
World Bank CEO Kristalina Georgieva will serve as interim president upon Kim’s February 1 departure, the bank said in a statement.
India markets closed on Tuesday for holiday
Reuters
PUBLISHED ON JAN 26, 2021 07:33 AM IST
The NSE Nifty 50 index ended 0.93% lower at 14,238.9 on Monday, while the S&P BSE Sensex fell 1.09% to 48,347.59.
Dollar firm as jittery markets look to Fed for catalysts
Reuters, Singapore
PUBLISHED ON JAN 26, 2021 06:56 AM IST
Bets the US dollar keeps falling, to extend a downtrend which began last March, hit an almost decade high last week, positioning data shows.
Budget 2021: Telangana doctor says investments in healthcare must be boosted
By Srinivasa Rao Apparasu, Hindustan Times, Hyderabad
PUBLISHED ON JAN 26, 2021 02:49 AM IST
- Medical staff in hospitals wore bulky personal protective equipment (PPE) for hours, leaving them dehydrated, exhausted and drenched in sweat.
Have the labour markets recovered post-lockdown?
By Rosa Abraham , Amit Basole, New Delhi
UPDATED ON JAN 26, 2021 04:48 AM IST
- Several high-frequency indicators such as the Nomura India Business Resumption Index (NIBRI), Purchasing Managers’ Indices (PMI) show a strong sequential recovery in the economy.
CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules
PTI, New Delhi
PUBLISHED ON JAN 25, 2021 06:19 PM IST
CAIT Secretary General alleged that similar obligations were imposed on e-commerce food business operators.
Amazon tries to block Future's asset sale to Reliance after regulatory approval
Reuters, New Delhi
PUBLISHED ON JAN 25, 2021 05:52 PM IST
The Amazon filing also argued that Future should not rely on any regulatory approval it has received, in light of the arbitrator's injunction.
Apple faces Italian suit over iPhones that wear out too quickly
Bloomberg
PUBLISHED ON JAN 25, 2021 04:40 PM IST
The lawsuit mirrors US cases over claims that the company misled consumers about iPhone battery power and software updates that slowed the performance of the devices.
Rupee rises for 5th straight session, settles 3 paise higher at 72.94
PTI
PUBLISHED ON JAN 25, 2021 04:08 PM IST
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.10 per cent to 90.32.
Government may tweak customs duties on host of goods in Budget 2021
PTI, New Delhi
PUBLISHED ON JAN 25, 2021 03:58 PM IST
Sources said that while import duties could be tweaked on over 20 products, the customs duties could be removed on select raw materials.
Sensex tanks over 500 points, Nifty ends below 14,250
PTI, Mumbai
UPDATED ON JAN 25, 2021 08:28 PM IST
Over the last three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.77 per cent.
FinMin releases weekly installment of ₹6,000 cr to meet GST shortfall
PTI, New Delhi
PUBLISHED ON JAN 25, 2021 03:06 PM IST
Till now, 70 per cent of the total estimated GST compensation shortfall has been released to the states and union territories (UTs) with legislative assembly.
NSO releases employment outlook report
By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 25, 2021 02:54 PM IST
In all the three schemes, the number of new registrations increased after June 2020.
Gold eases on doubts over US stimulus passage
Reuters
PUBLISHED ON JAN 25, 2021 02:50 PM IST
Spot gold fell 0.1% to $1,850.91 per ounce by 0822 GMT, having dropped 0.9% in the previous session. US gold futures fell 0.2% to $1,851.80.
China's pigs become unexpected threat to palm oil's rally
Bloomberg
PUBLISHED ON JAN 25, 2021 02:16 PM IST
The world’s biggest pork producer and consumer is scooping up unprecedented quantities of soybeans and corn on world markets to feed domestic hog herds.
Reliance Industries shares fall nearly 5% as Covid-19 hits oil business
Reuters, Bengaluru
PUBLISHED ON JAN 25, 2021 11:53 AM IST
Reliance's revenue from its oil-to-chemicals division fell nearly 30% in the three months ended Dec 31.