Rupee Recovers 2% Against Dollar In 2 Days: 10 Things To Know
The rupee registered its strongest single-day gain in five years on Friday, amid a plunge in crude oil prices and a spike in equity markets. The rupee strengthened by 101 paise against the greenback to settle at More...
State Bank of Mauritius’s Indian branch is the third domestic bank to be the victim of a cyber-attack in 2018
On 3 October, SBM Group, the parent company of the State Bank of Mauritius, announced that its Indian operations had suffered a cyber-attack the day before, and that as much as $14 million could have been siphoned More...
Private equity firms are making bigger and bolder investments In India
PE funds are now increasingly investing in buyouts, cutting bigger cheques and snapping up larger stakes in target companies. In August, $1.6 billion worth of PE transactions took place across 50 deals with buyout More...
China seen as firewall in emerging economies’ currency crisis
CHINA is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries – loosely defined More...
Cash still the king. Cash savings highest in a decade
The surge in cash savings at the cost of deposit growth has helped prop up financial assets, according to RBI. Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again More...
This week in banking: Cash remains the king post demonetisation, says RBI
Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...
Survey insight: What is everyone investing in?
Recently we surveyed our readers on where they like to invest it was found that most UAE residents invest in real estate (36.4%), some invest in commodities such as gold and silver (9.1%) and in other countries, More...
What Investors Need to Know About Investing In Marijuana Stocks
Marijuana has come a long way since California legalized cannabis for medicinal use back in 1996. Today, the industry and marijuana look to be on the cusp of unprecedented acceptance, with major international giants More...
Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Mohammed bin Salman, Saudi Arabia’s crown prince, is seeking an economy less dependent on oil © Bloomberg Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, More...
RBI net sells $6.184 bn of US currency in June
Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...