Indiabulls’ shares plunged after the Delhi High Court admitted a plea against the shadow lender and RBI placed restrictions on its acquisition target, Lakshmi Vilas Bank.
Exports to the UAE, Gulf remittances and shipping are at risk as the Strait of Hormuz is closed. A weaker rupee, and soaring gold liabilities could stoke inflation.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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