(Bloomberg) — Saudi Arabia’s sovereign fund will invest $1.5 billion in the telecommunications and digital services business controlled by Indian billionaire Mukesh Ambani, bringing total new …
Saudi PIF to invest Rs 11,367 cr in Jio Platforms for 2.32% stake
PIF, the sovereign wealth fund of Saudi Arabia, as part of its mandate to diversify its economy, has made its largest investment into the Indian economy to-date. This investment is in line with PIF’s …
South Korea To Tax Cryptocurrency, Could Be As High As 20%
Korea JoongAng Daily said this raised speculation that cryptocurrency income might be categorized as other income — similar to gains from lottery purchases — and not as capital gains. Finance …
Myanmar to provide special relief loan to pandemic-hit farmers
YANGON (Xinhua): Myanmar government planned to provide special relief loan to farmers to relieve the impact of the Covid-19 pandemic on the agricultural sector, according to Ministry of Planning, …
Iran: What will happen when the conservatives take complete control?
Unless the state prioritises Iran’s national interests over unrealistic revolutionary goals, it can no longer blame others for the country’s problems …
Iran, Hezbollah say US sanctions will worsen Syrians’ suffering
US law imposes far-reaching financial restrictions to compel Damascus government to halt ‘attacks on the Syrian people’.
Vietnam Airlines proposes Gov’t financial support to overcome difficulties
Vietnam Airlines has proposed the Government to lend a minimum of VND4 trillion (US$172 million) or maximum of VND12 trillion at the lowest preference interest rate to help the firm overcome serious …
Indonesia finance: Sri Mulyani Indrawati makes sense of Covid-19
it turns to Indonesia’s minister of finance – but she has never faced a challenge like this. Sri Mulyani Indrawati is Indonesia’s financial and economic trouble-shooter. Whether it is managing the …
India tells two state firms not to use China telecoms gear, source says
NEW DELHI, June 18 (Reuters) – India has told two state-run telecoms firms to use locally-made rather than Chinese telecom equipment to upgrade their mobile networks to 4G, a senior government …
Fears About India Retail Loan Defaults Overblown, Macquarie Says
The volume of Indian loans subject to moratorium is dropping, suggesting that fears about large-scale defaults on banks’ retail lending books may be overblown, according to analysts at Macquarie Group …