Oil prices dropped significantly after the United States and Iran reached an interim agreement. This deal is set to end the Iran war and reopen the Strait of Hormuz. U.S. sanctions on Tehran’s oil will be waived, increasing global oil…
Read More
Indian stock markets opened flat on Thursday. Lower oil prices provided some support. However, information technology stocks declined. This followed the US Federal Reserve’s decision to hold interest rates steady. The Fed also indicated a possible rate hike later this…
Read More
The Reserve Bank of India (RBI) on Wednesday temporarily eased interest rate curbs on certain non-resident deposits to enable banks to offer higher returns on fresh FCNR(B) and NRE deposits with the aim of attracting more overseas funds to prop…
Read More
India and the UK’s Comprehensive Economic and Trade Agreement (CETA) will take effect on July 15, granting 99% of Indian exports tariff-free access. The pact, announced by Prime Ministers Modi and Starmer, also includes a social security agreement for temporary…
Read More
Reliance Jio has denied allegations of sabotaging Telegram access outside India. Telegram CEO Pavel Durov claimed BGP hijacking was used. Experts note ambiguity in Durov’s statements, with one mentioning Reliance Communications (AS18101) and a snapshot showing the same. Reliance Jio…
Read More
Indian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data from major crypto exchanges for transactions exceeding $10,000. This move aims to combat money laundering and track beneficial owners. These off-market deals are insulated…
Read More