Top shadow banks soothed by yield-hungry global funds
The government needs a healthier shadow banking sector as it tries to boost economic growth.
Asian shares gain as Trump fuels trade deal optimism, oil firm on OPEC+ output cut
MSCI's broadest index of Asia-Pacific shares outside Japan...
Rupee opens 3 paise up at 71.26 against dollar
The rupee on Friday opened 3 paise higher at 71.26 against the US dollar.
As Alphabet chief, Pichai joins global CEO A-list
Founders Brin, Page step down; Pichai, who remains Google CEO, to run world’s third most valuable firm that currently faces regulatory scrutiny. Investors have rewarded Google stock, with the company’s market cap doubling to nearly $900 billion since Pichai took over. Pichai studied in IIT-Kharagpur before moving to Stanford University for his Masters.
ExxonMobil wants global arbitration option, compensation assurance
ExxonMobil appears to be warming up to India lately. It recently signed a preliminary agreement with ONGC to undertake joint technical studies, cooperate in difficult fields and jointly bid for exploration acreages. It accessed the government’s National Data Repository to study large amount of geological data to evaluate the possibility of an exploration bet.
CarDekho raises $70 million in new funding round led by Ping An Global Voyager Fund
Sunley House Capital Management is the second new investor, while CarDekho’s existing backers, Sequoia Capital and Hillhouse also participated
Base year depends on global, national economic situation, data availability: Rao Inderjit Singh
As per the United Nations System of National Accounts (UN SNA)-2008, base year of Gross Domestic Product (GDP) series is revised from time to time to better capture structural changes in the economy. The member countries are required to revise the base year of their macro-economic indicators like Gross Domestic Product (GDP).
Global coal power set for record fall in 2019: IEEFA
In an analysis it said this would amount to a reduction of around 300 terawatt hours (TWh), more than the combined total output from coal in Germany, Spain and the UK last year. The analysis is based on monthly electricity sector data from around the world for the first seven to 10 months of the year, depending on data availability in each country.
Bond ETF comes at right time; investors shifting to index-based products globally: Jason Giordano, S&P DJI
Move to generate more participation and grow debt market, says Jason Giordano of S&P DJI.
India ranks 5th in Global Climate Risk Index
India is the fifth most vulnerable country to climate change, according to a report released by Environment think tank, Germanwatch. In the Climate Risk Index 2020, India’s rank has worsened from the 14th spot in 2017 to 5th in 2018 in the global vulnerability ladder.
Global policy uncertainty could push 7 mn in India, 31 mn globally into poverty: World Bank
Highlighting that India's exports could rise by about half a percentage point and income by 0.2% from trade diversion due to trade conflict between other countries, it cautioned worsening trade conflict leading to a slump in investor confidence to push more than 31 million people into poverty.
Startup Central: Will IKEA break global format in India?
Startup Central | 'What slowdown?' That’s what IKEAIndia head, Peter Betzel, exclaimed while revealing 5 million shoppers visited the Hydera...
Share market update: FMCG shares trade lower; Tata Global dips 1%
The Nifty FMCG index was trading 0.02 per cent down at 30,700.
Investment in Lakshmi Vilas Bank done through family wealth office: Rajesh Sharma, Capri Global
The 4.9% stake acquired at various points of time at different price points, from Rs 64 to Rs 14.
Gold rate today: Bullion flat amid rising global trade tension
Bullion counters may continue yesterday’s rally, said brokerage SMC Global.
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