Amid concerns turmoil could hit broader financial system, sources say central bank asked lenders for loan details.

Amid concerns turmoil could hit broader financial system, sources say central bank asked lenders for loan details.
India’s central bank is examining the exposure of banks to the group as its various firms continued to tank.
The robust data on the US job market comes even as layoffs in the tech sector have surged.
The Fed said US economy was enjoying ‘modest growth’, with policymakers still ‘highly attentive to inflation risks’.
Gap between job openings and hiring suggests wage growth could remain high, an indicator that interest rates could rise.
Tapering growth, untamed inflation, and a need to be pro-welfare in run-up to elections will shape Modi’s budget.
The funding comes under a new programme which aims to help vulnerable middle-income countries and island states.
Led by Asia’s richest man Gautam Adani, the group has locked horns with short seller Hindenburg Research.
The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy.
Most economists expect a recession by the second half of the year, though a short, mild one compared to previous ones.
A default by the US government could have catastrophic effects on both domestic and global economies.
Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.
After raising rates to highest level in 15 years, the central bank said it will hold off further increases for now.
US DOJ last week charged Bitzlato’s co-founder, a Russian living in China, with running a money-laundering haven.