Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/ey-partner-firm-srbcs-audit-of-ilfs-compromised-nfra/articleshow/92396226.cms Synopsis In its audit quality report (AQR), the NFRA pointed to “large scale non-compliance with professional and regulatory and legal requirements” by the
Category: ART
Bank of Canada says high May inflation ‘keeping us up at night’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/bank-of-canada-says-high-may-inflation-keeping-us-up-at-night/articleshow/92393490.cms Rising rates pressuring countries’ credit ratings, S&P Global warns Synopsis A report by the firm on Wednesday said that heavily indebted Italy would
Russia is rerouting trade and oil to BRICS countries: President Vladimir Putin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/russia-is-rerouting-trade-and-oil-to-brics-countries-president-vladimir-putin/articleshow/92391492.cms Synopsis In order to weather the sanctions, Russia is trying to forge closer ties with Asia, seeking to supplant the markets it lost
Partha Sen writes: The inflation tightrope | The Indian Express
lipped from: https://indianexpress.com/article/opinion/columns/rbi-inflation-7978621/ Partha Sen writes: As RBI raises interest rates, foreign portfolio outflows will slow down, with rupee appreciating. That’s not good for external balance
Madan Sabnavis writes: The jobs puzzle–INDIAN EXPRESS
lipped from: https://indianexpress.com/article/opinion/columns/india-jobs-unemployment-7979910/ While the government’s intent to add over a million jobs in the next 18 months is laudable, the task is audacious and challenging
Supply side risks to inflation persist: Finmin flags wider deficit concerns | The Financial Express
Clipped from: https://www.financialexpress.com/economy/supply-side-risks-to-inflation-persist-finmin-flags-wider-deficit-concerns/2567302/ Calls for curbs on revenue spending According to the ministry, depreciation risk to the rupee remained as long as net foreign portfolio investor
DishTV-Yes Bank dispute: why lenders, businesses are wary of apex court’s ruling on pledged shares – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/dishtv-yes-bank-dispute-why-lenders-businesses-are-wary-of-apex-courts-ruling-on-pledged-shares/primearticleshow/92346438.cms SynopsisThe Supreme Court’s judgement on PTC India has extensively examined the concept of pledged shares, rights of pledgers, pledgees, and the consequences of
Portfolio Outflows: Adverse global events may lead to $100 billion portfolio outflows, says RBI article – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/adverse-global-events-may-lead-to-100-billion-portfolio-outflows-says-rbi-article/articleshow/92341729.cms Synopsis The article, titled ‘Capital Flows at Risk: India’s Experience’ published in the RBI’s latest bulletin, further said in a ‘black swan’ event
*Which do you fear: trading or losing? – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/which-do-you-fear-trading-or-losing/article65540889.ece Learning technical analysis empowers you with the ability to earn money Learning technical analysis empowers you with the ability to earn money Long-term
Food inflation: Falling edible oil prices to cool inflation a tad | The Financial Express
Clipped from: https://www.financialexpress.com/market/commodities/food-inflation-falling-edible-oil-prices-to-cool-inflation-a-tad/2566015/ Sources said it would watch the market situation before taking a call on whether to make palm oil imports also tax-free. Landed prices
Do we need to worry about fat finger trade? | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-do-we-need-to-worry-about-fat-finger-trade/2565762/ Even though fat finger mistakes create chaos in the market within a fraction of seconds, the market and the market players are resilient
Widening trade deficit: Prospects are for a doubling of current account deficit in FY23 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/widening-trade-deficit-prospects-are-for-a-doubling-of-current-account-deficit-in-fy23/2565889/ The most efficacious policy response to deal with widening trade imbalances is to maintain an open and unrestrictive trade policy, as has been
Fixed Deposits: Wait for some time to lock in long-term FDs | The Financial Express
When interest rates rise, deposit rates of short tenures rise first, followed by long-tenure deposits. So, if any of your fixed deposits are maturing in
US recession not ‘inevitable,’ Treasury secretary says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/us-recession-not-inevitable-treasury-secretary-says/articleshow/92320154.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The US economy has recovered strongly from the Covid-19 damage, but soaring inflation and supply-chain snarls exacerbated by the war in Ukraine
Indian banks may join hands with Russia lenders not hit by sanctions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-may-join-hands-with-russia-lenders-not-hit-by-sanctions/articleshow/92324935.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in
The story behind the choice of RBL Bank CEO | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-story-behind-the-choice-of-rbl-bank-ceo-122061900602_1.html Does this smack of the regulator’s lack of confidence in the bank’s board? On June 19, 2018, the day ICICI Bank Ltd’s CEO and managing
Inflation: Normal monsoon, interest rate cut key to bringing down inflation by year end, say economists – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/normal-monsoon-interest-rate-cut-key-to-bringing-down-inflation-by-year-end-say-economists/articleshow/92315439.cms Synopsis While retail inflation rose 7.04 per cent in May year-on-year, slightly down from 95-month high of 7.79 per cent in April, wholesale
*****3 things to know about the impact of repo rate hikes on you – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/3-things-to-know-about-the-impact-of-repo-rate-hikes-on-you/article65529807.ece Loans have become more expensive by 90 basis points since May 4 and there could be more hikes in the anvil Home loan
Petrol Price: Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Private retailers to government – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/selling-diesel-at-rs-20-25/ltr-loss-petrol-at-rs-14-18/ltr-loss-private-retailers-to-government/articleshow/92313911.cms Synopsis On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC,
Faster tightening of monetary policy would have been disastrous for economy, says RBI Governor Shaktikanta Das |FE Modern BFSI Summit 2022: The Financial Express
Clipped from: https://www.financialexpress.com/economy/fe-modern-bfsi-summit-2022-faster-tightening-of-monetary-policy-would-have-been-disastrous-for-economy-says-rbi-governor-shaktikanta-das/2564243/ The governor pointed out that the inflation target range of 2-6% has been given to the MPC to deal with extraordinary situations like