Devaluation

IDFC First Bank has reduced reward points for online purchases, increased spending requirements for airport lounge access, and modified terms for utility and rent payments via its cards, effective May 1, 2024. Watch for more details!

Why have major banks devalued their credit cards? | Latest changes in cashbacks & rewards

Several banks have devalued their credit cards recently. HDFC, SBI and ICICI Bank are among the lenders to have cut down on rewards, cashback, and also lounge access. Why have the banks done this and what does it mean for you? Watch this video to find out

5 Axis Bank Credit Cards Devalued | Why Do Banks Devalue Credit Cards?

Axis Bank has recently devalued some of its credit cards. Cards including Axis Bank Privilege, Axis bank reserve credit Card, Axis bank select, Axis Bank Flipkart Credit Card and my zone card will now provide lesser rewards and benefits. Watch this video wherein we explain why do banks devalue credit cards.

Flipkart devalued again, Morgan Stanley pegs it at $5.3 billion

The company which was valued at USD 15.2 billion in May 2015, is now valued at USD 5.37 billion.

Trump calls for drug price-cuts, make in US & ease FDA approvals

Trump, who met the CEOs of major US pharmaceutical companies in a closed door meeting at the White House, urged drug firms to come back and start manufacturing drugs in US promising sops such as lower tax rates.

Gold steady ahead of US Fed interest rate decision

The US Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies.

What Flipkart‘s devaluation mean for e-commerce industry?

While demonetisation of the Indian economy coupled with a devaluation by Morgan Stanley may mean a double whammy on India‘s flagship unicorn Flipkart, it could also be a godsend for Indian e-commerce for bringing businesses back to real fundamentals.

India doesn't need a weaker rupee to boost exports: CLSA

India does not need a devaluation of rupee for now, says Rajeev Malik, senior economist at CLSA. At this point currency devaluation could be a costly affair. It may spook investors and may impact capital flows.

Rupee value of more than 70 will help exports: FIEO

In an interview with CNBC-TV18, Ajay Sahai, Director-General, Federation of Indian Export Organizations, talked about speculation that the Commerce Ministry may ask the Finance Ministry to consider devaluing the Indian rupee.

Rupee will continue to be market-determined: Shaktikanta Das

Denying speculation that the government is considering devaluing the rupee, Economic Affairs Secretary Shaktikanta Das has said that the policy remains that the rupee would be a floating currency and that the government will not intervene to determine its level.

No plans to devalue rupee, market to determine value: FinMin

With exports falling in all but one of the past 20 months, there were reports that the Commerce Ministry may discuss with Finance Ministry possible rupee-devaluation.

Didn't tell reporter I want devaluation: Nirmala Sitharaman

The finance ministry, which has a far more central role in economic policy, denied that any discussion on a devaluation had taken place.

China Caixin July manufacturing PMI at 50.6 versus 48.6 in June

Manufacturing activity in China ticked lower in July, according to an official survey released on Monday.

Modi's silence on Dalit assault devaluation of PM's post: Cong

While the protests were held at various places in 33 districts, senior party leaders, including state unit Congress president Bharatsinh Solanki and Vaghela participated in a dharna near collector's office in the city.

Brexit impact to be more regional than global:Lakefield Partners

Even though there is unrest over Brexit, devaluation in Europe is getting better than the US, says Bruno Verstraete, Partner at Lakefield Partners.

Most Indian sectors maintaining mkt share on exports: Teaotia

Indian industries have managed to maintain and increase their market share in most of the sectors despite countries all over the world experiencing fall in exports, Union Commerce Secretary Rita Teaotia said today.

No drastic devaluation of currency, China assures G20 Fin Mins

RBI Governor Raghuram Rajan and Additional Finance Secretary Dinesh Sharma are taking part in the G20 meet which kicked off here last night.

China one of great thefts of all times: Donald Trump

"China has been one of the great thefts of all time, what they've done to the United States. We can't let China continue to get away with what they're doing to our country," Trump said yesterday.

7 reasons why markets are taking a beating: George Soros

Billionaire financier George Soros sounded downbeat about the global economy. He said it was going to be a difficult year and that the balance was to the downside

India would be very concerned by China devaluation: Panagariya

Arvind Panagariya, who also heads the government's main economic advisory body, also said that the strength of the Indian rupee against many currencies had contributed to the weak export performance of Asia's third-largest economy.

Divergence in emerging-developed markets under way: SocGen

In an interview with CNBC-TV18, Guy Stear, Head of Credit Research & Emerging Markets Strategy, Societe Generale CIB, discussed his view on markets, and his outlook going forward.

Did China sink the yuan, or did it sink by itself?

In a CNBC-TV18's interview with Morgan Stanley Economist Manoj Pradhan and former IMF China Economist Eswar Prasad, CNBC-TV18's Latha Venkatesh discussed why the Chinese devalued their currency.

Indian market is seriously undermining yuan fall: Dimensions

The Sensex today broke its psychological level of 25000 as the Nifty slipped 126.20 points or 1.63 percent to 7614.80 in the first hour of trade.

Expect massive outflows from China, CMR says after yuan slump

As an investor, one should be cautious on China in 2016, in the wake of the country's currency falling to a six-year low to 6.6564 to the US dollar, believes Shaun Rein of China Market Research.