Topics Archive

India - US on a new trade package

Washington and New Delhi are looking to remove long-standing irritants to ties, which include tariffs and other non-tariff barriers. Indian farmers and U.S. manufacturers of medical devices could be…

India’s own Belt-and-Road fiasco

Private development company IL&FS has accumulated a mountain of debt in a country which is desperate for basic infrastructure. Infrastructure Leasing & Financial Services Limited (IL&FS)…

Stock markets buoyed by domestic investors

India’s stock market had become accustomed to foreign investors serving as a reliable engine of funds, with a net $59bn of money flowing in over the past six years. However, there has been a reversal…

Christine Lagarde issues warning for Emerging Markets

The IMF chief is warning Emerging markets of the impact from the US-China trade war. The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C. It is…

Iraq pips Saudi Arabia to become India’s top oil supplier

Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a lower intake of Iranian…

SEBI cracks the whip

India’s securities regulator issues a new order which will no longer recognise People of Indian Origin (PIOs) as ‘foreign portfolio investors’. This move is directed to prevent the hoarding of wealth…

Emerging markets melt.

Emerging economies have been plunged into turmoil this year as their currencies collapse under pressure from rising US interest rates, political clashes and the global trade war. An emerging market…

Argentina in crisis

Buenos Aires’s bond market is in a downward spiral as debt mounts and the peso continues to underperform. President Macri proposed to reduce a few of his ministries as a new, harder austerity drive…

Rupee dips again

The rupee fell to a record 71 per dollar in opening trade on Friday, tracking weakness in almost all other Asian peers as the latest round of U.S.-China trade tensions. The rupee has reached its…

Argentina: Pesos depreciate

IMF revises Argentina bailout terms after a sharp drop in the value of the peso. Buenos Aires requests an early disbursement of funds as refinancing worries grow. Argentina is the eight largest…

Asia’s richest banker wants more

Uday Kotak, MD of Kotak Mahindra Bank was asked to meet a year-end deadline to reduce his personal stake in Kotak Mahindra Bank Ltd. below 20 percent. Kotak Mahindra Bank is an Indian private sector…

US Federal Reserve backs cautious approach

Jerome Powell bats for a gradual rise in interest rates. The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was…

India oils African exports

New Delhi imported record quantities of oil from West Africa in August, driving up exports to pre-2015 levels. Africa is the world's second largest and second most-populous continent after Asia. It…

RBI appoints new directors

The Indian government has appointed Swaminathan Gurumurthy and Satish Kashinath Marathe as part-time non-official directors on the Reserve Bank of India board. Analysts fear that the appointment…

RBI’s repo hike

RBI’s Monetary Policy Committee has raised the repo rate from 6.25% to 6.5% on 1st August. The hike was made to tackle accelerating inflation and to support the weakening rupee. The Reserve Bank of…

New data privacy law for India

All critical personal data on people in India should be processed within the country, Justice Srikrishna panel said on Friday. The National Data Sharing and Accessibility Policy (NDSAP) was approved…

Indian Banks to Tackle Bad Loans

Over 20 Indian banks and financial institutions, including SBI and PNB, signed an inter-creditor agreement (ICA) aimed at faster resolution of bad loans on 23 July. The gross NPA (non-performing…

India’s Retail Inflation at Five Month High

India’s annual retail inflation accelerated to a five-month high in June, alongside a weak currency and rising oil prices. Experts believe that the RBI could increase interest rates in August..

MNCs urge Maharashtra to soften plastic ban

Multinational companies in India are petitioning for a relaxation on the ban imposed by the Maharashtra state government against single use plastics.

RBI increases repo rate

For the first time since 2014, the Reserve Bank of India has hiked key lending rate or repo rate by 25bps to 6.25%. RBI also retained its “neutral stance” which has come..