Rupee likely to weaken more on widening India-Pakistan conflict
The 1-month non-deliverable forward indicated that the rupee will open at 85.80 to 85.90 to the U.S. dollar compared with 85.71 in the previous session.
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DPIIT and Hafele India signs MoU to boost manufacturing startup and local sourcing
The Department for Promotion of Industry and Internal Trade (DPIIT) and Hafele India Pvt. Ltd signed a Memorandum of Understanding (MoU), aimed to significantly strengthening India’s manufacturing and innovation ecosystem, the Ministry of Commerce & Industry said in a press…
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Indian insurers urge regulator’s easing of counterparty exposure in new bond forwards market
The segment hasn’t seen any trade as of Thursday, as most insurance companies are yet to have a board-approved policy on participation in the new market segment, and set up their systems for trading the contracts that hedge against future…
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Pakistan seeks loans over ‘heavy losses’, later claims account was hacked
Pakistan’s government purportedly appealed to international partners for loans, citing significant losses after military strikes by India, according to a now-retracted Reuters report. The appeal, posted on the Economic Affairs Division’s X account, urged de-escalation amid escalating conflict and a…
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Economy amid India, Pakistan war
According to a Kotak Mutual Fund report, during earlier events such as the Balakot air strike or the Uri surgical strike, the impact on the stock market was less than 0.10 percent. It was only during the Kargil War in…
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Muthoot Microfin reports Rs 401 crore net loss in Q4 amid asset quality crisis
Muthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for bad loans and breaches in borrowing covenants. The asset quality crisis led to a full-year…
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