More and more PE players are willing to test the waters now, just in case they become early entrants in a future booming business.
The immediate concern for the rupee is the sharp spike in oil prices
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
Crypto-currency, which is fast gaining popularity in the western market is now to enter cricketing space with 'Cricket Foundation', which claims to have 50,000 users even before its launch, and is complemented by over 60,000 followers on social media.
Addressing the annual Vijayadashmi rally at Reshimbagh ground in Nagpur, Bhagwat made a pitch for a review and reformulation of the National Population Policy keeping the next 50 years in mind.
In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.
Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
"Cash is still quite high in the system. There is also stocking of Rs 2,000 notes in evidence. The expansion of digital payments is taking place all over the world. It is happening in India as well. The pace is much slower," S C Garg, who took VRS from government service after he was abruptly shifted out of the finance ministry, said in a note.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
Probably 35 bps. There could be even an encore in February 2023 to take the policy rate to 6.5% before the financial year ends, predicts Tamal Bandyopadhyay.
Treat silver as part of the procyclical or growth assets in your portfolio, advises Sanjay Kumar Singh.
In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7.
The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said. Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.
The SBI said its officials were ferrying Rs 570 crore after the Reserve Bank of India asked them to, to address a temporary cash shortage in Andhra Pradesh.
Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two "very good calls" from Beijing also influenced the local currency, dealers said.
Though dubbed as the "war hero", the role of Rajapaksa in ending the conflict with the Liberation Tigers of Tamil Eelam with the death of its supremo Velupillai Prabhakaran in 2009 is quite divisive as he stands accused of violating human rights, a charge he vehemently denies.
For Pinarayi, a victory in Thrikkakara would have come as public endorsement of his development initiatives, including controversial K-Rail project, which has witnessed widespread protest
'With profound sorrow we confirm that an Indian student lost his life in shelling in Kharkiv this morning,' the MEA tweeted.
Forex traders said a stronger dollar also dragged the rupee down.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
The money was allegedly diverted by an ATM servicing company in criminal conspiracy with bank officials.
Kishore Singh's encounters with post 8/11 India.
'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'
As the FM said, this is a Budget that lays the foundation for the next 25 years, observes Kumar Mangalam Birla.
While the bond market is relatively conservative about their interest rate expectations, the currency market seems to be projecting that interest rates should be much sharper
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision
"We noticed some suspicious movement in the Hathlanga area near the LoC. The infiltrators were challenged and three of them were killed," an Army officer said.
These notes will be legal in Nepal only when India issues a FEMA notification as per the Foreign Exchange Management Act.
The desertion by more than two-thirds of the Congress legislative party makes TMC, a newbie in Meghalaya, the principal opposition in the Northeastern state.
The role of Rhea's brother Showik and his purported links with the people nabbed by the NCB are under the scanner of the agency and he and Rajput's manager Samuel Miranda are expected to be summoned for questioning soon, the officials said.
All lenders, including public, private, rural and cooperative banks, have been asked to make arrangements to gather information on deposits of the Specified Bank Notes.
India's second-largest software services firm expects its topline to grow 7.5 - 9.5 per cent in FY2019-20 in constant currency terms.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
Currently the currency in stock is about Rs 2 lakh crore and the reserves are adequate to meet any unusual spurt in demand
The study says the entire supply chain of goods and services will suffer a massive liquidity shock.
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which currently stand at $250,000 per year.
The bank manager clarified to him that the currency was genuine and there might have been a printing error.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
Nepalese officials had alleged that the four entered Nepal for the smuggling of narcotics. They also claimed to have recovered 'brown sugar', a pistol and a machine used to print fake currency notes from Govinda Singh.
