Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Ousted Egyptian President Hosni Mubarak has reportedly moved his family assets from European banks to institutions in Gulf region after Swiss authorities took steps to freeze his foreign accounts.According to channel, former president is believed to have transferred a fortune to friendly Arab states, including the United Arab Emirates and Saudi Arabia.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
He was referring to the issue of Indians allegedly stashing unaccounted money in Swiss banks.
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
There are still bumps in the road ahead for Swiss banks.
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
The Israel Defence Forces on Wednesday said that it struck several Syrian military targets after rockets were fired from Syria toward Israeli communities in the Golan Heights.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Booker Prize-winning author Roddy Doyle, creator of some of Ireland's most renowned characters, will tackle one the country's best known when he teams up with Roy Keane to write the former footballer's memoir.
HSBC's Swiss bank routinely allowed clients to withdraw "bricks" of cash
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
This is the 2nd lowest amount of funds held by Indians.
A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.
'India is respected by both Israel and Palestine.' 'India can push the international community for the peace process.'
A year ago, Greece's bankers thought they were on the cusp of a new era.
A second vote will be held on Wednesday, on measures including justice and banking reforms, when a similar outcome is expected.
SBI, which has been operating in the UK for 95 years, said it is prepared to set aside 100 million pounds in ring-fenced capital and restructure its operations if that is necessary to keep operating on the high streets.
Their reopening followed Prime Minister Alexis Tsipras' reluctant acceptance of a tough package of bailout demands from European partners
Notably, Ukrainian forces disabling bridges across the Dnipro river and attacking Russian supply lines made it very difficult for Russia to defend the occupied territory.
A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer's global governing body FIFA.
'We are not getting any clear guidance on what to do. Initially, we were asked to move to the bunker...when we packed our bags and reached there, our university head asked to go back to our hostel room. So we came back. Movement is very risky these time'
Physical advisors have been receiving tough competition from algorithm-based investment counselling and robo-advisories.
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
If his attempt to have his appeal heard in the Supreme Court fails, in principle, Modi can apply to the European Court of Human Rights (ECHR) to try and block his extradition on the basis that he will not receive a fair trial and that he will be detained in conditions that breach Article 3 of the European Convention on Human Rights, to which the UK is a signatory.
With the Swiss government showing eagerness to help India trace suspected black money hoarders, banks based in Switzerland appear to be losing traction among the wealthy Indian clients and could not get much business commitments during the just-ended WEF summit.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
Closing banks and restricting the flow of capital can build pressure for a solution as finances get squeezed.
The bank is expected to report a pre-tax profit of $21 bn.
Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.
Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.
