Escalating geopolitical tensions and a weakening rupee are driving a significant outflow of foreign investment from Indian equities, raising concerns about economic growth and corporate earnings. Illustration: Dominic Xavier/Rediff Key Points Foreign investors have withdrawn over Rs 88,000 crore from
From humble beginnings to a multi-crore poultry empire, an Indian farmer is now set to share his inspiring agri-entrepreneurial journey at the prestigious University of Oxford. Photograph: Michael Dalder/Reuters Key Points Ravindra Metkar, a farmer from Maharashtra, transformed a small
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report. Photograph: Kind courtesy Openbook10/wikipedia.org/Creative Commons After a tumultuous day, where HDFC Bank’s management and board tried
Foreign exchange traders said the Reserve Bank of India intervened by selling dollars, helping limit the rupee’s fall. Illustration: Dominic Xavier/Rediff Key Points The rupee has depreciated 8.8 per cent so far this financial year. The price of the Indian
Non-bank lender UGRO Capital Ltd on Saturday (March 21) approved issuance of non-convertible debentures (NCDs) aggregating up to ₹205 crore through private placement in one or more tranches, following a meeting of its Investment and Borrowing Committee. The issuance comprises
US-Iran war: After the end of three weeks of the US-Israel joint attack on Iran, US President Donald Trump dropped a hint to ‘wind down’ the military operation in the Middle East. The US President dropped a hint about this
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse. Photograph: Kind courtesy HDFC.Bank.com HDFC Bank — the largest private sector lender in the country — has asked three of its
India’s forex reserves experienced a significant dip of $7 billion, as reported by the RBI, prompting analysis of the contributing factors and potential impact on the Indian economy. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves decreased by $7.052 billion
India’s core sector growth experienced a slowdown in February, dropping to a three-month low of 2.3% due to contractions in crude oil, natural gas, and refinery products, raising concerns about overall economic momentum. Photograph: Richard Carson/Reuters Key Points India’s core
In a major crackdown, India has blocked 300 illegal gambling websites and apps, reinforcing its commitment to regulating online gaming and protecting citizens from the harms of online money games. IMAGE: Illustration: Dominic Xavier/Rediff.com Key Points The Indian government has
