Screens show the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, on April 10, 2025 | Photo Credit: AP Asian shares surged in Thursday (April 10, 2025)…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S. File | Photo Credit: Reuters U.S. stocks are soaring on a euphoric Wall Street on Wednesday (April 9, 2025) after President Donald Trump said he would temporarily back off on most of his global tariffs, as investors…
Shipping containers at the Port of Miami with the Miami skyline in the background, on April 9, 2025. | Photo Credit: AFP Facing a global market meltdown, U.S. President Donald Trump on Wednesday (April 9, 2025) abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese…
“The HLC shall comprehensively review and make recommendations for enhancing the existing framework for managing conflicts of interest, disclosures and related matters towards ensuring the high standards of transparency, accountability, and ethical conduct of members and officials of the Board,” SEBI said in its circular. | Photo Credit: Reuters The Securities and Exchange Board of…
The RBI’s move is seen as negative for gold loan NBFCs, primarily due to the LTV limi The Reserve Bank of India (RBI) today introduced draft guidelines on gold loans, tightening the compliance standards for lenders on assaying the quality of gold, monitoring end-use of funds, handling gold, harsh penalty for not returning gold on…
The Reserve Bank of India (RBI) proposed a draft framework for co-lending arrangements between all regulated entities, as the current regulation deals only with co-lending between banks and non-banking financial companies. “The extant guidelines on co-lending are presently applicable only to arrangements between banks and NBFCs. Moreover, they are restricted to priority sector loans. To…
Reserve Bank of India (RBI) has proposed introducing securitisation of stressed assets via market mechanism to ease the burden of stressed assets on banks. The policy will enable lenders with stressed assets to bundle them together into tradeable securities to share the risk of Non-Performing Assets (NPAs). “It is proposed to enable securitisation of stressed…
The 30-share BSE Sensex dropped 379.93 points or 0.51% to settle at 73,847.15. During the day, it slumped 554.02 points or 0.74% to a low of 73,673.06. File | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty closed lower on Wednesday (April 9, 2025) in line with losses in global markets amid escalating…
In the last four trading sessions the rupee has lost 104 paise against the U.S. dollar. File | Photo Credit: V.V. Krishnan The rupee extended its losing streak for the fourth straight session and settled 45 paise lower at 86.71 (provisional) against the U.S. dollar on Wednesday (April 9, 2025), amid escalating tariff turbulence globally…
India’s foreign exchange reserves stood at $676.3 billion as of April 4, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday (April 9, 2025) the highest level in five months and gaining for a fifth consecutive week. The reserves rose by $10.9 billion in the reporting week, the most in a month, after increasing…
