Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rating-agencies-in-a-limbo-over-rbis-new-guidance-on-loans/articleshow/91651887.cms Synopsis Even for apparently more enforceable support such as corporate guarantees (as distinct from letter of comfort), RBI said such structures can be
Category: ART
*US stocks crash: Wall Street ends sharply lower as Target and growth stocks sink – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/wall-street-ends-sharply-lower-as-target-and-growth-stocks-sink/articleshow/91652470.cms Synopsis Target Corp’s first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs.
*****Waiting till June meant losing time when war related inflation pressures accentuated: RBI governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/waiting-till-june-meant-losing-time-when-war-related-inflation-pressures-accentuated-rbi-governor-shaktikanta-das/articleshow/91646249.cms Synopsis Justifying the timing of RBI’s rate action, the governor said that the war in Europe is now expected to last much longer
*****Food, fuel push April wholesale inflation to all-time high of 15.08% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/food-fuel-push-april-wholesale-inflation-to-all-time-high-of-1508/article65424414.ece Pricier energy, metals due to supply-side bottlenecks add to input cost pressures for producers Producers’ inflation, based on the Wholesale Price Index (WPI),
*****Disappointing debut | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/disappointing-debut-122051701581_1.html LIC’s discounted valuation didn’t help The listing of the Life Insurance Corporation (LIC), after its mega-initial public offering (IPO), indicates weak market sentiment. The issue
US commission votes to process all green card applications within 6 months | Business Standard News
Clipped from: https://www.business-standard.com/article/international/us-commission-votes-to-process-all-green-card-applications-within-6-months-122051800040_1.html A Green Card, known officially as a Permanent Resident Card, is a document issued to immigrants to the US as evidence that the
*****Indonesian export ban brings India’s edible oil dependency back in focus | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/indonesian-export-ban-brings-india-s-edible-oil-dependency-back-in-focus-122051701553_1.html Indonesia’s ban on palm oil exports has refocused attention on the efficacy of the government’s policy to boost domestic production Recently, a senior
*LIC shares drop 8% below issue price on debut, end at Rs 873 apiece | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/lic-shares-drop-8-below-issue-price-on-debut-end-at-rs-873-apiece-122051701018_1.html The insurance behemoth’s shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue
*A weak rupee spells more trouble for consumer durables companies | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/a-weak-rupee-spells-more-trouble-for-consumer-durables-companies-122051701602_1.html The first of a four-part series looks at its impact on consumer durables As the rupee continues to slide against the dollar, it has added
*****Why is India going against the grain? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/why-is-india-going-against-the-grain/articleshow/91604153.cms Synopsis The other two food groups that saw runaway inflation are vegetables at 15.41% and edible oils at 17.28%. These three groups have
*****What India’s u-turn on wheat exports means for world markets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/what-indias-u-turn-on-wheat-exports-means-for-world-markets/articleshow/91599487.cms Synopsis Lower output coupled with strong export demand then pushed local prices higher, often above the government’s fixed procurement price. India’s ban on
*****india export ban: Why did India suddenly ban wheat exports? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/why-did-india-suddenly-ban-wheat-exports/articleshow/91597372.cms Synopsis India previously said it was ready to help fill some of the supply shortages caused by the February invasion of Ukraine, which
*Damaging India’s credibility | Business Standard Editorials
lipped from: https://www.business-standard.com/article/opinion/damaging-india-s-credibility-122051500947_1.html Wheat export ban should have been avoided The Directorate General of Foreign Trade (DGFT) in the Union government, through a notice in the
*Am hoping govt, RBI will control inflation in medium term: EAC-PM member | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/am-hoping-govt-rbi-will-control-inflation-in-medium-term-eac-pm-member-122051500496_1.html Sanjeev Sanyal tells reporters govt is taking several steps to rein in process, including free rations, pruning of taxes; RBI has increased policy
Foreign investors’ pull out ₹25,200 crore from equity market in May so far – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/foreign-investors-pull-out-25200-crore-from-equity-market-in-may-so-far/article65416291.ece FPIs remained net sellers for seven months to April 2022 The relentless selling of Indian stocks by foreign investors continued, as they pulled
*NBFCs seek exemption from RBI for daily stamping of accounts for small borrowers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-seek-exemption-from-rbi-for-daily-stamping-of-accounts-for-small-borrowers/article65416355.ece ‘Given the erratic cash inflows of these borrowers, sometimes they miss the due date for EMI payment, but manage to make it by
*****Anti-profiteering care, please – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/pulse/anti-profiteering-care-please/article65410516.ece How a personal loss during Covid-19’s second wave brought home the ugly truth about runaway hospital prices This week will mark a year
*****India inflation: Is RBI behind the curve? MPC member Ashima Goyal answers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-inflation-is-rbi-behind-the-curve-mpc-member-ashima-goyal-answers/articleshow/91573394.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The Reserve Bank of India is not “behind the curve” in hiking interest rate to tackle rising inflation, Monetary Policy Committee (MPC)
*****Global Food Crisis: World’s food problems piling up as India restricts wheat exports – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/agriculture/worlds-food-problems-piling-up-as-india-restricts-wheat-exports/articleshow/91574679.cms Synopsis The surprising thing is that India isn’t even a prominent exporter on the world stage. The fact that it could have such
India Wheat Export: Heatwave-hit India irks G7 with wheat export ban – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/heatwave-hit-india-irks-g7-with-wheat-export-ban/articleshow/91565909.cms Synopsis The announcement drew sharp criticism from the Group of Seven industrialised nations’ agriculture ministers meeting in Germany, who said that such measures