SBI’s shares surged to a six-week high after it reported a record loss on Tuesday, after a similar contrarian market reaction by ICICI Bank Ltd. and Axis Bank Ltd. reported poorer-than-expected earnings.
The National Stock Exchange of India sued Singapore Exchange Ltd. in a Mumbai court, posing a threat to one of the most widely used offshore futures contracts by investors worldwide.
Prime Minister Narendra Modi and the rupee face a similar predicament - old foes have re-emerged to keep them in check.
The two countries are also home to the world's largest operating utility-scale solar projects.
The bonds have taken a knock this year, which were further fueled by wider budget targets, faster inflation and a global selloff of emerging market assets.
Tata Steel Ltd takes over insolvent Bhushan Steel Limited at a price of 352 billion rupees. This amount is equivalent to 63 percent of the 560 billion rupees claimed by Bhushan Steel's creditors.
Steven Yang moved to Shenzhen with less than $1 million in seed capital. Now, Anker Innovations Technology has reached a deal to put products in almost 4,000 Walmart Inc. and 900 Best Buy Co. stores in the US.
With Bank Indonesia raising interest rates, more economists are betting the Reserve Bank of India will do the same.
According to the Bank for International Settlements, the U.S. dollar credit to non-bank borrowers in developing countries reached $3.7 trillion at the end of last year.
JSW and Tata Steel have planned to expand their own facilities, while aiming to snap up some of the distressed assets for sale under India’s new bankruptcy laws.