Indian markets reacted sharply as the US Federal Reserve kept interest rates unchanged. Officials cited rising oil prices and geopolitical tensions for their cautious approach. Projections indicate only one rate cut this year. This decision impacted global markets, with major…
Read More
The proposal currently being evaluated by the finance ministry would enable domestic insurers to extend coverage to vessels sailing through high-risk zones such as the Strait of Hormuz, taking comfort from government-backed reinsurance that would cushion potential losses, the people…
Read More
Iran has intensified attacks on energy infrastructure across the Middle East. Gulf Arab nations have issued stern warnings, fearing direct involvement in the escalating conflict. These strikes follow Israeli actions against Iranian energy assets. Oil prices have surged significantly. The…
Read More
Atanu Chakraborty has stepped down as HDFC Bank’s part-time chairman and independent director. He cited personal values and ethics not aligning with certain bank practices. Chakraborty joined the board in 2021, overseeing the HDFC Ltd merger. Keki Mistry has been…
Read More
Jio Platforms has appointed 17 investment banks, including global giants, to manage its upcoming IPO, signaling the formal start of preparations for what could be India’s largest-ever listing. This move follows regulatory clarity on minimum public shareholding norms, allowing companies…
Read More
Goldman Sachs has cut India’s growth forecast by 50 basis points due to the West Asia conflict, which uniquely impacts India’s exports, energy imports, and remittances simultaneously. The firm anticipates the rupee could weaken to 95 against the dollar within…
Read More