Budget 2019: In a first, India to issue sovereign bonds in global market

The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday’s exchange rate. The government......

Book extract: HDFC Bank, Warts and All

HDFC Bank was penalised R15 lakh in April 2011 for its role in the so-called derivatives scam. By no means is this big money for the bank but such regulatory actions tarnish the image of a bank. In......

Derivatives losses: Tables are turning

The scales are slowly tilting in favour of exporters in their fight with banks on foreign exchange derivatives losses, which triggered a number of court cases in 2008. If banks had an upper hand......

RBI keeps key interest rates unchanged

The Reserve Bank of India on Tuesday left all key interests rates unchanged and announced steps that would pave the way for lower interest rates on home loans in its annual Monetary and Credit......

Russia sentences US basketball star Griner to 9 years in jail

IMAGE: US basketball star Brittney Griner had admitted having the vape cartridges containing hashish oil but said it was an honest mistake. Photograph: Evgenia Novozhenina/Reuters A Russian court......