Govt set to inject Rs 2000 crore into fraud-hit Punjab National Bank by next week
Unless PNB gets fresh capital in time, it may be unable to make the payment because an unprecedented loan-fraud wiped out its profits and pushed […]
Bonds
Govt takes over indebted lender IL&FS in surprise move
PF6997 New development in Bandra Kurla Complex area, Mumbai, Maharashtra, India.(Alamy Stock Photo) The government will immediately seize control of a shadow lender whose defaults […]
Rupee surges most in 18 months as India plans steps to end rout
India’s rupee rallied the most in 1 1/2 years and stocks recovered after an official said the government may announce measures to support the currency […]
Tech stocks battered after disappointing Amazon and Alphabet results
So-called FANG stocks and other tech shares sank in extended trade on Thursday following disappointing quarterly reports from Amazon.com Inc and Alphabet Inc. The weak […]
As overseas funds dump Indian bonds, rupee may end at 70 per dollar, estimate analysts
The relentless slide in India’s rupee has analysts rushing to rework their forecasts. With the currency setting one record low after another, lenders including DBS […]
Xiaomi’s rout throws a spotlight on Hong Kong’s expiring lockups
Investors locked into holding newly-listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. The shackles will soon […]
India investor worries go beyond election angst
Japan’s shut, most other Asian equity markets aren’t doing much, and you can read about the big exception — China — here. So we’re going […]
15 lakh salaried employees with PF accounts stuck with toxic IL&FS bonds
A new threat looms large for the government in an election year. A spanking new but restive community of salaried employees is concerned about its […]
Life insurance: How to choose the right policy
Life insurance is important for those who have people in their lives who depend on them financially. In case of the breadwinner’s unfortunate demise, the […]
The government must ensure public sector autonomy
In my last column I wrote about the government trespassing on the autonomy of other institutions. This week I am writing about incursions in the […]