India’s balancing act in the Ukraine crisis became more difficult today, as Russian President Vladimir Putin approved a military intervention into the neighboring country. Ambassador TS Tirumurti, India’s Permanent Representative to the UN, warned that the situation is in risk of “spiraling into a major catastrophe” during an emergency meeting of the UN Security Council …
As Russia’s financial restrictions have started affecting foreign investors, some of them have started exiting the country. On Tuesday, MSCI, the world’s leading index provider, decided to exclude Russia from its index. The rising concerns of investors are starting to show adverse effects on Russia but other emerging markets like India could benefit from it. …
Last week did not go well for Alphabet Inc – its stock price fell from $ 108.17 on 8th February to $95.01 on 10th February i.e. a fall of around 12% (including a 7% drop on Wednesday, 8th alone). But trouble has been brewing for Google for a few weeks now. Dark clouds appearing on …
SEBI has given a green signal to Deutsche Bank to offer custodial services for silver bullion. The decision was announced on Thursday. In a statement issued by the bank, it has mentioned that the new position will help them strengthen their presence in the commodity market. Commodity trading has a long history in India. In …
The November 30th meeting of the OPEC was critical in more ways than one. For the first time since 2008, the OPEC went about setting a clear target for reducing production by setting quotas for each member of the OPEC group. The OPEC members agreed to jointly cut daily production of crude oil by 1.2 …
China’s central bank recently increased its shareholding in India’s largest mortgage company HDFC to 1.01 per cent. It bought 1.75 crore shares worth nearly Rs 3,000 crores at a time when global stock markets were bruised and battered. The news of the purchase raised eyebrows as governments and central banks across the world are busy waging …
Recently, there was a major furore when Donald Trump proposed import tariffs of 25% on Steel and 10% on aluminium imported into the US. That would immediately mean that the steel and aluminium consumed in the US becomes more expensive and triggers inflation. However, the immediate reaction was threats of retaliatory tariffs. The EU, which …
The much awaited tax announcement of Donald Trump came in on 26th April. Most of the tax cuts proposals were along expected lines. Here are some of the key highlights of the Trump tax proposals: The corporate tax rate will be cut from the current level of 35% to 15%. This is likely to …
In what was long anticipated to happen, Morgan Stanley Capital International (MSCI) which is the world’s largest provider of tradable indices has decided to add China also to its list of countries. Over the past few years, China has been pitching for inclusion in the MSCI-EM index, but they had been kept out due to …
The holdings of foreign portfolio investors in India’s equity markets have gone up by $112 billion to hit $667 billion towards the end of the first half of the current financial year (April to September 2021), according to a brokerage report. Out of the $667-billion FPI assets under management, the highest year-to-date allocation was in the IT …
