Global Market - Angel One

As Joe Biden and Kamala Harris get set to take over as the President and Vice-President of the United States, what does this new administration mean for India, especially on the economic front?  Economic ties are expected to be smooth and the US approach towards India is poised to be favourable. Biden has been known …

Indian Prime Minister Narendra Modi addressed a video conference between India and Luxembourg – a first summit held between the two countries in two decades. He pitched for forging stronger economic tries, emphasised building bi-lateral cooperation in finance and digital technologies.  Luxembourg is an important financial partner of India A global hotspot for international trade …

The cat is finally out of the bag. Yes, we are talking about the Presidential election of USA. Joe Biden will succeed Donald Trump as the 46th President of the US. So now let’s take a look at what Joe Biden’s victory means for Dalal Street.  It’s a fact that America is a superpower and …

Saudi Arabia-based Public Investment Fund (PIF) will join the long list of investors which have invested in Reliance Industries owned Reliance Jio Platform in 2020. PIF will invest Rs 11,367 crores in acquiring 2.32 percent stake in Jio Platform.  Reliance Jio recently hauled huge amount of investment from several high-profile backers including Facebook, Silver Lake, …

SEBI has given a green signal to Deutsche Bank to offer custodial services for silver bullion. The decision was announced on Thursday.  In a statement issued by the bank, it has mentioned that the new position will help them strengthen their presence in the commodity market. Commodity trading has a long history in India. In …

As COVID-19 continues to rage through economies, global plastic market has considered its cues in projecting future growth of the industry. In a recent report published, growth rate on global commodity plastic market is projected until 2027.  Overall positive growth rate is predicted in the report and is said to have taken into account the …

The government has recently made it mandatory for all investments from India’s neighbours would need its approval before such plans, signalling a major shift in its foreign direct investment policy (FDI). The new rules for foreign investment in India applies to its neighbours, ie, countries that India shares borders with, including China, Pakistan, Bhutan, Nepal, …

China’s central bank recently increased its shareholding in India’s largest mortgage company HDFC to 1.01 per cent. It bought 1.75 crore shares worth nearly Rs 3,000 crores at a time when global stock markets were bruised and battered. The news of the purchase raised eyebrows as governments and central banks across the world are busy waging …

What is common between Omarosa Manigault Newman, Steve Bannon, Rex Tillerson and Gary Cohn? If you are still groping for an answer; all of them were close aides of Donald Trump but had either resigned or were asked to leave in the last 6 months. Normally, exits from the hallowed portals of White House are …

Recently, there was a major furore when Donald Trump proposed import tariffs of 25% on Steel and 10% on aluminium imported into the US. That would immediately mean that the steel and aluminium consumed in the US becomes more expensive and triggers inflation. However, the immediate reaction was threats of retaliatory tariffs. The EU, which …