The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people. Global benchmark Brent crude spiked to $105 a barrel — breaching the $100-mark for the first time since August … Read more
When the United States barred Americans from doing business with Russian banks, oil and gas developers and other companies in 2014, after the country’s invasion of Crimea, the hit to Russia’s economy was swift and immense. Economists estimated that sanctions imposed by Western nations cost Russia $50 billion a year. Since then, the global market … Read more
The Department of Justice is exploring if they can charge stock market short-sellers with the same law used to prosecute the mafia, according to a Reuters report. Several short-selling research firms have been on the DOJ’s radar as they investigate illegal trading tactics. Subpoenas have been sent to dozens of firms, including Citron Research and … Read more
British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. When contacted, Vodafone refused to comment on the matter. Vodafone currently holds about 28 per cent in Indus Towers. The industry sources said that Vodafone is in talks to sell its … Read more
Finance Minister Nirmala Sitharaman said on Tuesday rising crude oil prices amid escalating Ukraine-Russia tensions pose threat to India’s financial stability and the government is closely monitoring the situation. Talking to media persons after the Financial Stability and Development Council (FSDC) meeting here, Sitharaman said the situation is worrisome and India has called for a … Read more
LIC has in recent years been a key buyer of shares in state-owned firms sold off by the Government, often bailing out less-than-successful public issues of shares LIC has in recent years been a key buyer of shares in state-owned firms sold off by the Government, often bailing out less-than-successful public issues of shares Prospective … Read more
The diversified Tata Group touches every online shopper with existing consumer brands and the attempt of Tata Digital will be to bring together all the assets under a single value proposition, the new outfit’s president Mukesh Bansal said on Wednesday. The group — which will be competing head on with Mukesh Ambani’s digital business, Amazon … Read more
India’s private equity market has turned so competitive that simply ‘buying low’ and ‘selling high’ is no longer a sustainable strategy for an investment company, said Amit Dixit, head of Asia, private equity, Blackstone. “(Instead) what’s really sustainable is you buy what you can build or rather, do not buy what you cannot build, and … Read more
Who is the faceless ‘yogi’ in the bizarre story of the National Stock Exchange (NSE) and its flawed, vulnerable former CEO? The 190-page report by the capital market regulator Sebi only thickens the plot, arousing curiosity and leaving the social media speculating the possible identity of the mysterious ‘siddha purusha’. The exchange as well as … Read more