Pakistani mediators worked for weeks to broker a preliminary U.S.-Iran deal. Qatar’s intervention proved crucial in overcoming numerous obstacles. The agreement, announced this week, covers complex issues including Iran’s nuclear program. However, sources indicate that reaching a permanent settlement will…
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India plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru. This project will significantly increase the nation’s emergency crude storage capacity. The government aims to strengthen energy…
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The IFC, a prominent entity within the World Bank Group, has announced a major investment of USD 371 million in Sify, aimed at transforming India’s digital framework. This funding will enable Sify to establish state-of-the-art, energy-conscious data centers in Navi…
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The Securities and Exchange Board of India (SEBI) on Wednesday issued a fresh caution to investors against buying, selling or transacting in unlisted securities of public limited companies through unauthorised electronic platforms and websites.
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Turtlemint Fintech’s Rs 883 crore initial public offering and Razorpay’s confidential filing for a public issue indicate improving conditions for fintech listings, potentially opening the door for more technology-led financial services firms to access public markets after a prolonged lull.
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The Reserve Bank of India is easing rules for foreign currency deposits. Interest rate caps on FCNR(B) deposits for three to five years are temporarily lifted. Restrictions on interest rates for NRE deposits of three years and above are also…
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