Topics Archive
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..
UIDAI denies security breach
The Unique Identification Authority of India, which manages the country’s Aadhaar system, has dismissed claims of data vulnerability made by the news website ZDNet..
Foreign ownership in Indian military
In a renewed push to attract foreign investment, India plans to allow foreign companies own bigger stakes in defense joint ventures. With this, the country aims to turn into..
Indian economy and beyond
Synergia Foundation in collaboration with the Harvard Business School organized a round-table discussion on the topic ‘Budget & Beyond: What Next for Indian Economy?