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Worried about rapid fall in rupee, Modi government may seek NRIs’ help
In 2013, RBI lured inflows of about $34 billion through discounted foreign-currency swaps, helping lift the rupee from a record low.
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Facebook and Google feel chill from once-friendly Washington
Washington officials once dazzled by the swashbuckling entrepreneurs of Silicon Valley are now openly questioning the freedom they’ve bestowed on Facebook Inc., Twitter Inc. and Google.
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Trump Urges Ford, Apple to Bring Jobs Home. They Probably Won’t
President Donald Trump insists his trade war with China will spur more manufacturing jobs in the U.S. Two of the companies he’s targeted — Apple Inc. and Ford Motor Co. — disagree.
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Biggest financial hack of all time: Mystery JPMorgan hacker is in US hands. What does he know?
Apart from JPMorgan, other targeted companies include Fidelity Investments, Dow Jones & Co., E*Trade Financial Corp. and Scottrade Financial Services Inc.
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Jack Ma on Management: Why a ‘Fool’ needs to lead smart people
Jack Ma, co-founder of Alibaba Group Holding Ltd., announced on Monday his plans for stepping down from the e-commerce giant and handing over responsibilities to senior management.
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Move over Saudi Arabia; meet stock investors’ new darling in the Gulf
Kuwaiti stocks have outperformed most of their Persian Gulf peers since MSCI Inc. said in June that it might announce the upgrade of the nation to emerging-market status next year, joining the ranks of Saudi Arabia, the United Arab Emirates and Qatar.
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Alibaba’s journey to become Asia’s Most Valuable Firm: Timeline
Jack Ma laid out plans for leaving Alibaba Group Holding Ltd. on Monday, his 54th birthday. China’s richest man says he will focus much of his time — and $40 billion fortune — on education and philanthropy.
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The Rupee is falling and India should let it
The RBI does have a number of instruments it can use to support the currency. The most obvious is to intervene in foreign-exchange markets by selling dollars: The central bank has more than $400 billion in reserves at its disposal.
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Is India in the list? Nomura says, seven Emerging Market countries at risk of exchange-rate crisis
Seven emerging economies at risk of an exchange-rate crisis are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, according to a new analysis by Nomura Holdings Inc.
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Jack Ma retirement: Full Text of Alibaba Chairman’s letter to staff
The following is a re-formatted letter from Jack Ma to employees, customers and investors on his plans to retire as executive chairman of Alibaba Group Holding Ltd. in exactly 12 months’ time and hand leadership to Chief Executive Officer Daniel Zhang.
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Cryptocurrencies lose $640 billion from January peek; Bitcoin’s biggest rival Ethereum leads decline
Cryptocurrencies have declined for five of the past six weeks amid concern that a broader adoption of digital assets will take longer than some had anticipated.
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M&A boom! Indian firms seal deals worth $104.5 billion in 2018; here are factors driving deal-making activity
The new Indian bankruptcy code has put dozens of delinquent borrowers on the block, spanning industries from steel to power and infrastructure.
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Worst still to come for Indian bond market as risk to inflation rising due to rapid fall in rupee
The 10-year yield may climb to as high as 8.25 percent by end-September if the government — which is seeing revenue collections falling behind — decides to add back the 500 billion rupees ($7 billion) of borrowing that it had slashed earlier this year.
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After acquiring Costa Coffee, Coca-Cola now eyeing to buy India’s iconic brand Horlicks from GSK
Coca-Cola’s interest in Horlicks comes just weeks after its acquisition of U.K. coffee chain Costa for 3.9 billion pounds, reflecting its strategy to diversify away from soft drinks.
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Beleaguered Chinese ride-hailing giant Didi Chuxing lost $585 million in just six months
Chinese ride-hailing giant Didi Chuxing lost 4 billion yuan ($585 million) in the first six months of 2018, people familiar with the matter said, underscoring the depth of competition facing a company already struggling with unprecedented regulatory scrutiny.
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Tencent and Alibaba bring their battle for supremacy to coffee
Chinese internet giant Tencent Holdings Ltd. upped the ante on rival Alibaba Group Holding Ltd. in their race to corner the market for the country’s coffee drinkers.
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Jack Ma, China’s richest man, prepares for life after Alibaba
Jack Ma is dedicating more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on education.
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More pain expected after emerging stocks fall into bear market
Expect more short-term pain, investors said, after emerging-market stocks tipped into a bear market. The MSCI Emerging Market Index closed down 0.3 percent in New York on Thursday.
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Social media to face more government scrutiny? What Facebook co-founder Eduardo Saverin says about regulation
Eduardo Saverin, co-founder of Facebook Inc.,started Facebook with Mark Zuckerberg and left after a falling-out, but he expressed confidence in the company’s ability to navigate its way through the current troubles.
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Weak rupee takes toll on India’s external debt; short-term obligations to rise by whopping Rs 68,000 crore
If the rupee averages 73 to a dollar this year and crude oil, India’s biggest import, averages $76 a barrel for the remaining half of 2018, that could see the country’s oil bill rise by 457 billion rupees.
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Investors will be more cautious in buying money market funds after IL&FS default, says Moody’s
IL&FS Financial Services won’t be able to issue commercial papers until Feb. 28, as the Reserve Bank of India’s rules ban delinquent issuers from accessing the market for six months from the day of default, the filing showed.
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Protected: Data protection: GDPR-inspired rules may harm India’s reputation as a global hub in digital space
There is no excerpt because this is a protected post.
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These are the world’s laziest nations; check where India ranks
One in four people don’t get enough exercise, according to a report from the World Health Organization. In the survey of 168 nations, Uganda came in first as the most energetic, with Kuwait in last place.
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Harvard doctors backed by Li Ka-shing try a fix for cancer care
A pair of Harvard-trained American oncologists, backed by Hong Kong billionaire Li Ka-shing, are attempting to harness technology to revamp cancer care.
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From South Africa, Brazil to Indonesia; JPMorgan, BlackRock warn contagion hitting emerging markets
First came the Argentine selloff. Then Turkey. And before long, assets from South Africa to Brazil and Indonesia were getting hit in a selling stampede across emerging markets.
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Things are not going to plan in Trump’s US trade deficit wars
The numbers are not looking good for a president who has made reducing the U.S. trade deficit one of his main economic goals.
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जुलाई में क्रूड इम्पोर्ट बिल बढ़कर 73000 करोड़ हुआ, रुपये की रिकॉर्ड गिरावट से मोदी सरकार को झटका
रुपया इस साल एशिया में सबसे खराब प्रदर्शन करने वाली करंसी रही. इसमें 11 फीसदी से ज्यादा की गिरावट आ चुकी है. बुधवार को रुपया 71.96 के रिकॉर्ड निचले स्तर तक लुढ़क गया.
