Axis Bank and Bandhan Bank announce finance chief exits

Axis Bank’s CFO Puneet Sharma and Bandhan Bank’s CFO Rajeev Mantri both resigned within a day of each other, each citing career growth reasons. Sharma exits on 31 August after over six years at Axis, while Mantri will continue till 25 September. Two private-sector lenders saw their chief financial officers resign within a day of…

India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Beijing hits back: China declares retaliatory tariffs on all USA goods from April 10

On Thursday, President Trump unveiled a reciprocal plan to impose a 10% tariff on imports from all countries entering the US. He imposed a 34% tariff on China.   China’s Ministry of Finance has announced that it will impose an additional 34% tariff on all US goods, effective April 10. This action is a direct…