When shorts are based on perceived corporate mismanagement or malfeasance, as in cases like Enron and Satyam, they enable the financial system to work efficiently, points out Devangshu Datta. Illustration: Dominic Xavier/Rediff The Viceroy-Vedanta affair that is currently news
India’s forex kitty declined by $1.18 billion to $695.49 billion during the week ended July 18, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the overall kitty had dropped by $3.06 billion to $696.67 billion.
Stock markets declined for the second day in a row on Friday, with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas shares amid persistent foreign fund outflows. Photograph: ANI Photo The 30-share
Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing. Photograph: Kind courtesy, Dixon Technologies The JV will be formed between Dixon and Longcheer’s Singapore-based subsidiary.
Equity markets fell on Thursday, with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in
India and the UK signed a landmark free trade agreement on Thursday, which, starting next year, will see 99 per cent of Indian exports enter the UK duty-free, while reducing tariffs on British products such as cars and whisky. IMAGE:
India on Thursday signed a free trade agreement, officially dubbed as the Comprehensive Economic and Trade Agreement (CETA), with the UK – its 16th trade pact so far – as the country aims to boost bilateral trade and investments. Photograph:
Country’s largest lender State Bank of India (SBI) is looking to be among 10 top global banks in market capitalisation terms in the next five years, chairman CS Setty said on Wednesday. Photograph: Rupak De Chowdhuri/Reuters “The scope for value
‘As a result of delays, the desired reliefs are not coming for taxpayers.’ IMAGE: Finance Minister Nirmala Sitharaman addresses the North East Roundtable in Shillong, July 11, 2025, on the Prime Minister Internship Scheme. Photograph: ANI Photo Despite more
India and the UK will sign a free trade agreement on Thursday in London that will allow export of labour-intensive products such as leather, footwear and clothing at concessional rates, while making imports of whisky and cars from Britain cheaper.
