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RBI may explore other liquidity tools like open market operations (OMOs) and foreign exchange (FX) swaps instead of rate cut: Report
The Reserve Bank of India (RBI) may keep the current policy rates unchanged in the ongoing Monetary Policy Committee (MPC) meeting, according to a report by the Union Bank of India. As per the report, RBI is unlikely to announce a cash reserve ratio (CRR) cut to improve liquidity. A CRR cut is viewed as … Read more
MapMyIndia in a bad corporate governance move transfers B2C business to founder’s son
C.E. Info Systems (MapmyIndia) has made some surprise announcements. Rohan Verma, the CEO and Executive Director of the Company is stepping down from the CEO position to float a new B2C Venture He however, will continue to the Non-Executive Director of MapmyIndia MapmyIndia will provide the following support to the new B2C Venture by Rohan … Read more
RBL and Bajaj Finance end Credit Card Partnership
The co-branded card partnership has been one of the most successful and in running for 8 years. Existing portfolio of 3.4 mn co-brand credit cards issued till date will continue to operate as usual without any change Upon renewal, these cards will be reissued as RBL Bank branded credit cards Reason for termination Not immediately … Read more
US plan to ban 200 Chinese technology companies; China’s responds with this warning
Tensions are rising between the US and China over semiconductor technology, a report has said. China has threatened to retaliate against potential new US export restrictions where the Biden administration is reportedly planning to unveil curbs on chip-related exports to China and blacklist 200 companies. According to a report by news agency Reuters, the Chinese … Read more
Jim Rogers prediction: Jim Rogers has this golden advice for global investors. Details here
As the prices of gold and silver continue to rise amid geo-political tensions, ace global investor Jim Rogers has an advice for people: stay invested in precious metals and nothing can teach us better about bullion than Indian women. In an interaction with IANS on Thursday, Rogers, who is known for his expertise and strategic … Read more
HUL board approves demerger of the Ice Cream Business
Board has in-principally approved to separate the Ice Cream business into a separate listed entity. Ice Cream business includes brands such as “Kwality Wall’s”, “Cornetto” and “Magnum” Decision is not final and is subject to the further evaluation and steps required as per the law. Final proposal for approval will be put in front of … Read more
Dollar gains after Trump vows tariffs against Mexico and Canada
The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. The dollar rose over 2% against the Mexican peso and 1% against its Canadian counterpart. The dollar … Read more