Rahul Satija Bloomberg
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Crypto "Not Even A Tulip", RBI Chief Warns Investors
India's central bank Governor Shaktikanta Das, a long-time opponent of cryptocurrencies, launched another broadside against digital tokens, saying they have no underlying value and are a threat to financial stability.
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Ola To Test-Drive Its Electric Scooters In 1,000 Cities And Towns
Ola Electric Mobility Pvt. plans to scale up test rides of its electric two-wheelers to more than 1,000 cities and towns from nine currently in what it says is India's largest such EV initiative.
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The Hottest Indian Stock Has Just Got Another Shot In The Arm
A ratings upgrade by S&P Global Ratings this week -- its second in 2021 -- is burnishing the appeal of the stock that's already surged on the back of a global commodities boom.
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Signs That Covid-Hit Economy May Be Turning A Corner
The ratio of upgrades to downgrades in ratings and credit outlooks by the local units of S&P Global Ratings, Moody's Investors Service and Fitch Group has improved to 1.2 this quarter
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Vedanta's Anil Agarwal Raises Open Offer Price For India Unit To Rs 235 A Share
The London-based Vedanta Resources will now seek to buy 17.51 per cent of Mumbai-listed Vedanta at Rs 235 ($3.24) a share, it said in an exchange filing Tuesday
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After Budget Day, Investors Withdrew Rs 17,220 Crore From Stocks, Bond Markets
Corporate bonds saw the biggest outflows in about two years after the government last month announced a bigger-than-expected borrowing plan in its budget, triggering a spike in yields
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New Order On Kishore Biyani Won't Hit Reliance Deal, Says Future Retail
Future Retail said in a statement that the sanction by the securities regulator against its founder won't affect its plan to sell retail assets to Reliance Industries
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RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability
The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said
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Franklin India Says Investors May Lose Money If Plan Spurned
Franklin is seeking a simple-majority consent of unitholders on its proposal to wind up six plans it had shuttered in April, which locked in Rs 30,800 crore.
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Kotak + IndusInd Bank: How India's Biggest Bank Merger Would Stack Up
Talk of the merger and Kotak's unexpected profit growth has already pushed the lender ahead of rival ICICI Bank Ltd. to become India's second-largest by market value.
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PM Modi Seeks Law To Allow Yale and Oxford to Open Campuses in India
India's universities have produced chief executive officers at companies from Microsoft Corp. to Google -- now Prime Minister Narendra Modi thinks they can be even better with competition from global names like Yale, Oxford and Stanford.
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"Finance Minister And I Were On Same Page Till...": Ex- RBI Chief Urjit Patel
Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modi's government and the central bank.
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Indian Railways Finally Seeks Private Money to Run Trains. What It Means
Indian Railways, the world's fourth-largest network, is seeking investments from private firms to operate passenger trains for the first time, an initiative that could potentially revamp a notoriously inefficient system.
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Blocked Apps By India Include Those Of Chinese Tech Giants: Foreign Media
India banned 59 apps from China including the very popular short-video program TikTok, owned by ByteDance Ltd., citing threats to its sovereignty, security and public order, as relations between the two nations worsened.
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Franklin India May Take Over Five Years to Return Some Funds
The development is the latest turn after the company shut six debt schemes last month in the country's biggest-ever fund freeze.
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Crypto "Not Even A Tulip", RBI Chief Warns Investors
India's central bank Governor Shaktikanta Das, a long-time opponent of cryptocurrencies, launched another broadside against digital tokens, saying they have no underlying value and are a threat to financial stability.
-
Ola To Test-Drive Its Electric Scooters In 1,000 Cities And Towns
Ola Electric Mobility Pvt. plans to scale up test rides of its electric two-wheelers to more than 1,000 cities and towns from nine currently in what it says is India's largest such EV initiative.
-
The Hottest Indian Stock Has Just Got Another Shot In The Arm
A ratings upgrade by S&P Global Ratings this week -- its second in 2021 -- is burnishing the appeal of the stock that's already surged on the back of a global commodities boom.
-
Signs That Covid-Hit Economy May Be Turning A Corner
The ratio of upgrades to downgrades in ratings and credit outlooks by the local units of S&P Global Ratings, Moody's Investors Service and Fitch Group has improved to 1.2 this quarter
-
Vedanta's Anil Agarwal Raises Open Offer Price For India Unit To Rs 235 A Share
The London-based Vedanta Resources will now seek to buy 17.51 per cent of Mumbai-listed Vedanta at Rs 235 ($3.24) a share, it said in an exchange filing Tuesday
-
After Budget Day, Investors Withdrew Rs 17,220 Crore From Stocks, Bond Markets
Corporate bonds saw the biggest outflows in about two years after the government last month announced a bigger-than-expected borrowing plan in its budget, triggering a spike in yields
-
New Order On Kishore Biyani Won't Hit Reliance Deal, Says Future Retail
Future Retail said in a statement that the sanction by the securities regulator against its founder won't affect its plan to sell retail assets to Reliance Industries
-
RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability
The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said
-
Franklin India Says Investors May Lose Money If Plan Spurned
Franklin is seeking a simple-majority consent of unitholders on its proposal to wind up six plans it had shuttered in April, which locked in Rs 30,800 crore.
-
Kotak + IndusInd Bank: How India's Biggest Bank Merger Would Stack Up
Talk of the merger and Kotak's unexpected profit growth has already pushed the lender ahead of rival ICICI Bank Ltd. to become India's second-largest by market value.
-
PM Modi Seeks Law To Allow Yale and Oxford to Open Campuses in India
India's universities have produced chief executive officers at companies from Microsoft Corp. to Google -- now Prime Minister Narendra Modi thinks they can be even better with competition from global names like Yale, Oxford and Stanford.
-
"Finance Minister And I Were On Same Page Till...": Ex- RBI Chief Urjit Patel
Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modi's government and the central bank.
-
Indian Railways Finally Seeks Private Money to Run Trains. What It Means
Indian Railways, the world's fourth-largest network, is seeking investments from private firms to operate passenger trains for the first time, an initiative that could potentially revamp a notoriously inefficient system.
-
Blocked Apps By India Include Those Of Chinese Tech Giants: Foreign Media
India banned 59 apps from China including the very popular short-video program TikTok, owned by ByteDance Ltd., citing threats to its sovereignty, security and public order, as relations between the two nations worsened.
-
Franklin India May Take Over Five Years to Return Some Funds
The development is the latest turn after the company shut six debt schemes last month in the country's biggest-ever fund freeze.
