PM Modi and RBI governor Shaktikanta Das have both said that local lenders are strong, after the US banking crisis spilled over to the Indian stock market and rattled bank stocks.
Switzerland’s 2nd largest bank has been merged with country’s largest bank & its rival UBS for a lot lower than its market value. Regulators say this was the best way forward.
India can raise the SVB issue with G20 finance ministers and evolve a banking framework to insulate emerging economies of the South from frauds committed by the developed North.
Data & the feel after 6 years under PM Modi proves a strong leader doesn’t necessarily give us decisive economic leadership unmindful of immediate political risks.
As bad debt piles up & the budget deficit target goes out of the window, it’ll be tough for RBI Governor Shaktikanta Das to keep all the balls in the air.
Indian Hotels Co., Tata’s listed firm that operates the Taj brand, plans to dispose of certain budget inns in non-metro areas and lease them back for a fee.
Investors have made their preferences clear: Good private banks quote at higher multiples of book value, while govt banks quote discounts. This cannot continue.
At 2nd such summit in Punjab for top investors organised by AAP since it came to power in Punjab, Lakshmi Mittal announced his Bathinda refinery has increased production of LPG by 3,000 tonnes/day.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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