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Business Economy

Suspended PMC chief claims exposure to HDIL is ₹2,500 crore

Posted on Author NewsDesk

The suspended managing director of crisis-hit Punjab & Maharashtra Cooperative Bank (PMC) on Friday admitted that the past management did not keep the board in the loop about NPAs and also claimed it has an exposure of ₹2,500 crore to HDIL, which is almost a third of its loan book. The exposure to the crippled […]
Business Economy

Global economy is in a synchronised slowdown: IMF

Posted on Author NewsDesk

The global economy is in a “synchronised slowdown” amidst growing trade barriers and heightened geopolitical tensions, the IMF warned on October 15 as it downgraded the 2019 growth rate to 3%, the slowest pace since the global financial crisis. “This is a serious climbdown from 3.8% in 2017, when the world was in a synchronised […]
Economy International

Australia enters recession after three decades of growth

Posted on Author NewsDesk

The Australian Bureau of Statistics said it was the fastest quarterly contraction on record. Source: thehindu.com Related

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