RIL raises $4 bn in India's largest-ever foreign currency bonds issue

Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an......

HSBC to cut up to 50,000 jobs, slash investment bank

HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe's......

After Fed holds rates again, does zero mean forever?

Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan. When the Federal Reserve drove its target interest rate near zero in late 2008, it......

FPIs invest over $25 billion in Indian markets in CY17

Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally Illustration: Uttam Ghosh/Rediff.com Foreign portfolio investors (FPIs) have pumped in over $25.4......