India sharply raises base import price of palm oil
The government revises the base import prices of edible oils, gold, and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.
Stocks mostly fall, bond yields gain as focus shifts to Fed, rate hikes
The Dow Jones Industrial Average fell 71.99 points, or 0.22%, to 32,789.81, the S&P 500 lost 22.07 points, or 0.57%, to 3,878.99 and the Nasdaq Composite dropped 127.16 points, or 1.15%, to 10,975.29.
No need to panic over falling reserves and the depreciating rupee
Rising US interest rates and geopolitical risks have seen the dollar appreciate against EM currencies. What can policymakers do to provide relief?
Fresh tips to make India a hotter FDI destination
A recent EY-CII report underscores India’s potential to attract more FDI and lists measures that can quicken the pace of dollar inflow
Fear of Lehman-like capitulation lessens as authorities respond promptly
The UK episode indicates that policymakers and regulators are watching financial stability like a hawk and will not be held back by ideology or ego when financial stability is at stake; this realisation that a Lehmanesque capitulation won't be allowed may put a bottom for the markets for now
India-UK FTA — Better safe than sorry
More than meeting the Diwali deadline, India and the UK should thrash out all the thorny issues first and craft a comprehensive deal to lay the foundation for robust trade between the two sides
How offshore betting sites are laughing all the way to the bank
At a time when the Indian online gaming business is facing challenges due to the lack of government regulations, major taxation issues, and Google’s policy changes, offshore betting sites have been making roaring business in India
An Islamabad-Moscow-Beijing nexus could be worrying for India and the US
For India, the important factor to watch would be the China-Pakistan Economic Corridor (CPEC) and the Pakistan Stream gas pipelines
MC Investigation: Social media accounts impersonate celebrity traders and defraud investors of lakhs
Fake accounts and channels on various online platforms are selling investment advisory and portfolio managements services
Weekly tactical pick: CEAT
The prices of key raw materials are softening, holding out the hope that the company will be able to significantly improve margins
Slide in Asian currencies as dollar soars is a shadow of 1990s crisis
Currencies are down and inflation is up. Just don’t look for a replay of the 1990s
Gold gains Rs 406; Silver jumps Rs 905
In the previous trade, the precious metal had closed at Rs 50,316 per 10 grams.
‘Volatility vortex’ slams into $24tn US government bond market
Key measure of turbulence in Treasuries reaches highest level since 2020 coronavirus crisis
The PLI schemes should be designed to take India to the edge of the technology frontier
The PLI schemes must go beyond mere financial help and government intervention must be transformative with deliberate involvement through direct investment, government-led R&D champions, and subsidized industry clusters
The peak in oil and gas prices is behind us
It may not be a winter of discontent in 2022 after all
Centre extends Foreign Trade Policy by another 6 months
The government was scheduled to announce the new FTP by the end of September. The current policy was to end on September 30.
Free trade talks in final phase with Diwali deadline in sight, says London Lord Mayor
Vincent Keaveny, the 693rd Lord Mayor who represents the financial hub of the City of London globally, has just returned from a four-day visit to India following meetings with leading Indian businesses and investors and finance chiefs at the Reserve Bank of India (RBI) and Securities Exchange Board of India (SEBI).
Business in the Week Ahead (September 26 – September 30, 2022)
The next week will be heavy on macros. But the spotlight will no doubt be on the RBI's monetary policy review. That apart, BoJ minutes can also set the investor mood to an extent
Countries told to 'urgently re-examine' curbs imposed on agricultural trade
The joint statement from heads of the Food and Agriculture Organization, International Monetary Fund, World Bank Group, World Food Programme, and World Trade Organization comes hours after Russian President Vladimir Putin announced a "partial military mobilisation."
Disappointed by pushback from local industry in trade matters, says Minister Piyush Goyal
The commerce minister added that the UK is keen to finalise the Free Trade Agreement with India by the original deadline despite the setback caused to the process by the demise of Queen Elizabeth II
Secured creditors club in IBC no longer a closed one
A recent Supreme Court ruling that certain state government tax dues are secured has yet again jolted the foundation of the Insolvency and Bankruptcy Code
The race to reinvent the space station
Nasa is funding American companies to build commercial replacements for the trailblazing International Space Station
What we keep getting wrong about inflation
There are two distinct worlds that are sources of inflation and each merits a separate response, argues Tim Harford
Banking | History can help while banning digital lending apps
Just like it happened in the past, we are back to times when we are seeing the mushrooming of entities and apps offering lending (and forex facilities)
