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Is SBI out to rescue Yes Bank? ‘Won’t be allowed to fail’, says Chairman Rajnish Kumar

Rajnish Kumar’s statement follows speculation that the government, which controls State Bank of India, may ask the lender to play a role in bailiing out the private-sector Yes Bank. However, last month Kumar said it was “

Banking & Finance News

Budget 2020: Foreigners dump bonds fearing widening budget deficit

Budget 2020 India: The sell-off may be a sign that India’s weakening economy, as well as limits on more policy rate cuts, signal the start of prolonged pain for the nation’s bond markets.

Budget 2020, budget deficit, Foreign investors, India sovereign bonds, Narendra Modi, Morgan Stanley, Merrill Lynch, Modi government News

Budget 2020: Investors want Modi government to remove long-term capital gains tax

Union Budget 2020 India: With the economy facing its worst growth, investment and jobs crisis in more than a decade, Finance Minister Nirmala Sitharaman needs to offer support for individuals and businesses.

Budget 2020, Union Budget 2020 India, Budget 2020 India, Budget 2020-21, Modi government, upcoming budget News

Telecom crisis may leave long lasting scars on Indian economy; 5G might get delayed too

Telcos have requested the country’s top court to extend the payment terms. Even if Vodafone Idea stays afloat thanks to a last-minute compromise, customers have read the writing on the wall. The mobile carrier lost 36

Industry News

New low-cost iPhone production to begin soon: Expected price, specifications

This will be the first lower-cost iPhone model since the iPhone SE. It will look similar to the iPhone 8 from 2017.

coronavirus outbreak, coronavirus, coronavirus china, china virus, apple iphone, iphone production ramp up, iphone production halt News

Saudi Crown Prince Mohammed bin Salman hacked Amazon chief Jeff Bezos’ phone, analysis suggests

While a message from the prince to Bezos in mid-2018 that preceded the hack appeared benign, investigators found digital evidence suggesting it contained code that ultimately led to the breach of the billionaire’s phone, sa

Saudi arabia, Saudi Crown Prince, Mohammed bin Salman, Amazon, Jeff Bezos, Jeff Bezos phone hacked News

Billions of dollars for Indian stocks await government’s FPI policy tweak from April 1

The change will likely increase India’s weighting in the MSCI Emerging Markets Index by about 70 basis points, according to the two brokers, compared with 8.6% as of last month.

Markets News

Mini-economic crises looming: India’s stagflation spreads to other emerging markets

The bottom line is that each country has its own demons to slay and trouble in its backyard that has nothing to do with tensions between Beijing and Washington. That calls for a dose of caution after a stock, bond and currenc


IMO 2020 effect: Maritime industry struggling in search of low-sulfur fuel

Only two state-run refiners -- Hindustan Petroleum Corp. and Indian Oil Corp.-- have announced they’re producing IMO 2020-compliant fuel. Hindustan Petroleum started supplying very-low sulfur fuel oil from its Visakhapatnam

Industry News

Budget 2020: FM Nirmala Sitharaman likely to ease rules to help companies boost foreign borrowings

Union Budget 2020 India: A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding.

Budget 2020, Union Budget 2020 India, Budget 2020 India, Budget 2020-21, nirmala sitharaman, foreign borrowings News

Gold imports may bounce back from 3-year low; these factors will drive India’s Gold appetite

Gold prices in India rose nearly 25% last year, the biggest increase since 2011, and touched a record earlier this year. Overseas gold is still building on the largest annual expansion since 2010, which was driven by the U.

Commodities News

More misses than hits; here’s how the ‘winners’ from FM Sitharaman’s first budget have fared

The July budget gave bigger allocations for rural housing, roads and programs that support small businesses producing cattle feed, measures that were seen buoying companies like Hindustan Unilever Ltd., ITC Ltd. and Mahindra

Economy News

Rising inflation, fears of wider fiscal deficit put RBI’s Operation Twist under pressure

Benchmark 10-year yields will trudge toward 7% by June, he said. The yield was at 6.63% on Friday. The RBI cited much higher than expected inflation when it surprised traders by keeping policy rates unchanged last month follo

Markets News

Sluggish corporate bond market adds to woes for small companies amid credit crunch

Prospects of flat issuance is bad news for Prime Minister Narendra Modi’s efforts to revive sagging growth, with tight credit conditions feeding a vicious cycle of reduced consumption and investment.

Markets News

Global private equity investors raising more funds despite declining returns is not a sign of success

It’s getting harder for private equity firms to realize returns by selling companies on stock markets as the world wakes up to the reality that not all hot technology startups will be IPO winners.

Banking & Finance News

Hindustan Zinc looks to rise on PM Modi’s ambitious push to upgrade railways

Asia’s top zinc producer by market capitalization has been campaigning for Indian Railways to increase their use of galvanized steel in its rail lines, although the material is also used in industries from construction to c

Indian Railways News

1.1 trillion rupees AGR dues on telcos may open another wound for banks

Payment of the dues may erode the telecom operators’ cash flows, especially those of Vodafone Group Plc’s India venture. Under the October verdict, Vodafone Idea Ltd. has to pay $4 billion, while Bharti Airtel Ltd. has to

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Telcos seek relief in $13 billion AGR dues payment; officials disclose helping hand govt may offer

Vodafone Idea pared losses to trade at 4.60 rupees a share at 11:12 a.m. in Mumbai after dropping as much as 39% earlier today. Bharti Airtel gained 3.84%. Reliance Industries Ltd., the flagship company of the group that incl

Industry News

Vodafone Idea faces uncertain future as shares tumble post plea rejection by Supreme court

The government had raised a total demand of around 920 billion rupees ($13 billion) against all telecom operators, including defunct ones, according to filings in the court.

Vodafone-Idea to raise mobile call, data charges from Dec 3, launched new prepaid plans with different validity News

Why did Vijay Mallya let his French mansion fall into disrepair? Bank smells a rat

Qatar National Bank SAQ is seeking a court order to force Mallya to sell his 50-meter (164-foot) superyacht currently impounded in southern England because a 5-million euro mortgage on the boat serves as security for the loan

Industry News

Now, foreign debt costlier for Indian companies; Dollar-rupee hedging costs rise by 4.8%

The spoiler is coming at a time when the nation’s authorities are still working on bringing confidence back into the local credit market that went into a seizure about 18 months ago.

Markets News

Should Jeff Bezos worry about CCI probe? Here’s why Amazon boss shouldn’t lose any sleep

It’ll be unrealistic to expect anything more dramatic from the formal inquiry. After all, the final customer isn’t complaining. She would rather receive a bigger discount on a new mobile phone than ask why it’s being e

Industry News

Latest ‘Star Wars’ film hits $1 billion, thanks to US fans

Disney’s “Avengers: Endgame,” the top-grossing film last year, produced nearly 70% of its $2.8 billion in sales internationally, according to Box Office Mojo.

Star Wars, Walt Disney Co, Star Wars The Rise of Skywalker, Avengers Endgame, Frozen 2, Star Wars ticket sales News

भारत में जन्मी इस महिला के पास है Twitter की खास कमान, ट्रम्प का ट्वीट भी करा सकती है ब्लॉक

ट्विटर के नियम बनाना और लागू करने की जिम्मेदारी कंपनी की टॉप वकील Vijaya Gadde की है.

Vijaya Gadde has top power to block twitter accounts including pm modi and trump News

Brazilian President Jair Bolsonaro eyes Indian food, commodities market to boost exports

Before the trip to India, the Brazilian economic team, including Troyjo and Economy Minister Paulo Guedes, will attend the World Economic Forum in Davos. Their message to the potential investors at the Swiss resort will be th

Economy News

RBI may give helping hand to corporate borrowers amid rising inflation, weakening economy

India’s economy is grappling with the slowest expansion in more than a decade, and Prime Minister Narendra Modi’s efforts to revive growth are being complicated by a crisis at the nation’s shadow banking sector.

Markets News

Google’s decision to end third-party tracking of people’s browsing habits to enhance user privacy

Google’s decision to end third-party tracking of people’s browsing habits will better protect user data, but it may also extend the tech giant’s dominance of online advertising

google, google india, google india investment, news literacy in india, google news, news literacy News
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