The International Monetary Fund urged the United States to reduce its growing fiscal deficit, stating it’s the most effective method to lower the current account and trade deficits. The IMF projects U.S. fiscal deficits to remain high, posing a growing…
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The Reserve Bank of India has called in senior Yes Bank executives after a major security incident involving the Yes Bank–BookMyForex multi-currency forex card. According to reports, card numbers and CVV details of numerous customers may have been exposed. The…
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Shapoorji Pallonji Group is set to raise approximately ₹25,000 crore through a bond issue. This fundraising effort, planned for early April, is expected to have a lower pricing than previous borrowings. Improved prospects for asset sales and a potential settlement…
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Oyo parent PRISM has appointed Ajay Tyagi to its board as an independent director. Tyagi is a former chairman of SEBI, India’s capital markets regulator. He brings extensive experience in financial policy and corporate governance. His background includes significant roles…
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India’s market regulator is intensifying its watch on stockbrokers’ dealing rooms. This move aims to curb front running, a practice where employees exploit insider knowledge of large trades for personal gain. Authorities are investigating how trades are initiated and executed,…
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India’s economy is poised for robust growth, with expectations of a 7.4% expansion in the December quarter. Festive season demand and Goods and Services Tax adjustments are fueling this positive trend. Economists anticipate continued resilience amid global challenges, with domestic…
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