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 …
The November 30th meeting of the OPEC was critical in more ways than one. For the first time since 2008, the OPEC went about setting a clear target for reducing production by setting quotas for each member of the OPEC group. The OPEC members agreed to jointly cut daily production of crude oil by 1.2 …
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 …
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 …
The much awaited tax announcement of Donald Trump came in on 26th April. Most of the tax cuts proposals were along expected lines. Here are some of the key highlights of the Trump tax proposals: The corporate tax rate will be cut from the current level of 35% to 15%. This is likely to …
In what was long anticipated to happen, Morgan Stanley Capital International (MSCI) which is the world’s largest provider of tradable indices has decided to add China also to its list of countries. Over the past few years, China has been pitching for inclusion in the MSCI-EM index, but they had been kept out due to …
The holdings of foreign portfolio investors in India’s equity markets have gone up by $112 billion to hit $667 billion towards the end of the first half of the current financial year (April to September 2021), according to a brokerage report. Out of the $667-billion FPI assets under management, the highest year-to-date allocation was in the IT …
A Brief Overview In the past few weeks, as the United States of America has sought to withdraw from the mineral-rich country of Afghanistan after a period of 20 years, the Taliban has strengthened its stronghold on the country and now seeks to reign supreme. Set against this backdrop, the political future of the country …
The recent crackdown by China on tech companies may likely be advantageous to India as global wealth and funding may come India’s way. With new regulatory frameworks, Chinese tech stocks have collectively seen an erosion of $1.5 trillion. During the August 14-21 week, over $560 billion worth of market value was reportedly erased from the …
Even as benchmark indices Sensex and Nifty touch new highs, the country’s equity market has reportedly emerged as the leading performer among key economies. From data reported in news reports, the benchmark index (Nifty) in India has risen 45 per cent and 19 per cent in the past one year and year-to-date (YTD), respectively. Accordingly, …
