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sitharaman: Nirmala Sitharaman says Indian firms will soon be allowed to directly list their shares oveseas

Published: July 28, 2023

Finance Minister Nirmala Sitharaman on Friday said that Indian companies can now go in for direct listing on foreign exchanges and the International Financial Services Centre (IFSC) in Ahmedabad. The provisions for direct overseas listing were approved by the government, as part of the Covid relief package announced in May 2020, but the rules in this regard are yet to be notified, reported PTI.

Source: indiatimes.com

Forex volatility costs large firms Tk 65,000cr

Published: January 30, 2023

Bangladesh's conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday.

Source: thedailystar.net