This collection of stocks offers something for everyone interested in investing in the aerospace sector in 2022.
Airless tyres that never go flat or need to be inflated: It's a decades-long dream that manufacturers hope to turn into a reality soon, but for truck drivers first.
The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters. The new measures will be double the 1 trillion rupees hit government revenues could take from tax cuts on petrol and diesel the finance minister announced on Saturday, both the officials said. India’s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high, posing a major headache for Prime Minister Narendra Modi's government ahead of elections to several state assemblies this year.
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India's central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as a sign of acceptance by New Delhi. CoinSwitch, which is valued at $1.9 billion, says it is the largest crypto company in India with more than 18 million users.
India's Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company's IT systems, citing "material" supervisory concerns, without elaborating further, and barring it from taking on new customers. "The process is underway and we think it should take three to five months from where we are right now," Madhur Deora, group chief financial officer, Paytm, told Reuters on Sunday.
The said that the maritime initiative will use satellite technology to create a tracking system for illegal fishing from the Indian Ocean to the South Pacific by connecting surveillance centers in Singapore and India. U.S. President Joe Biden is visiting Japan to attend the meeting of the Quad group of countries - Australia, India, Japan and the United States in Tokyo- which have increased cooperation in the face of China's growing assertiveness.
We look at the earnings from two growth stocks as well as business updates from two blue-chip companies. The post Top Stock Highlights of the Week: Sea Limited, Grab, Sembcorp Marine and ST Engineering appeared first on The Smart Investor.
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