The U.S. dollar-denominated bonds issued by India’s Adani Ports and Special Economic Zone rose on Monday, after the company commenced a cash tender offer for a buyback of securities. On Monday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it has floated a tender of up to $130 million of […]
After nearly three years of deliberations, the Indian markets regulator on Wednesday allowed private equity firms to serve as promoters of Indian mutual funds, in a move that may accelerate consolidation in the country’s ₹41 trillion mutual fund industry. The board of Securities and Exchange Board of India (Sebi) also approved a range of proposals […]
The Silicon Bank Valley (SVB) crisis offers many lessons to governments and central banks elsewhere. The crisis, essentially an outcome of failure of investment-risk assessment and asset liability mismatch. Under the US deposit insurance rules, every insured depositor will get up to a ceiling of $ 250000 but in the case of SVB collapse, the […]
Axis Bank said on Wednesday that it has completed its acquisition of Citibank’s India consumer and non-banking finance businesses. The deal, announced in March 2022, has been closed for a cash consideration of $1.41 billion (Rs 11,630 crore) in one of the largest deals in the Indian financial services space. The acquisition will help Axis […]
According to the Oxford English Dictionary, the only word that perfectly rhymes with “orange” is “sporange,” an uncommon botanical term for a part of a fern. But that just gets Eminem all riled up, like a door hinge.
A poll by Elon Musk on whether he should quit as Twitter CEO showed the majority of users of the social media platform who took part voted in favour of the move after the poll ended on Monday. More than half of the 17.5 million respondents voted “yes” in answer to Musk’s Twitter poll. While […]
The government on December 16 slashed the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel. The revised tax rates become effective from December 16, 2022. The tax on crude oil produced by firms such as the state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs […]
In today’s global marketplace, shipping products to international markets has never been easier. But before you dive head-first into the world of online shipping and international sales, there are important regulations and requirements that must be taken into consideration. This guide will discuss important factors related to international online shipping, including customs duties, taxes, documentation […]
Crises are unavoidable in the quick-paced world of business and communication. Whether it’s a product recall, a social media controversy, or an abrupt shift in public opinion, businesses frequently encounter high-stress scenarios that need a prompt and calculated response. This is when a public relations agency’s (PR Agency) experience comes in very handy. Understanding the […]
Two essential roads that businesses investigate to catalyze their extension are Initial Public Offering (IPO) warning administrations and Business Loans Apply. In the perplexing dance of financial technique, IPO advisory administrations arise as the doorway to accessing significant capital through the public market, while business loans offer quick financial flexibility. IPO Advisory Services IPO advisory […]
Forex stands out in complicated financial markets because of its reliance on short-term trading dynamics. The title, “Why is Forex Considered Short-Term Trading,” explains how Forex and rapid market movements work together. Foreign exchange traders capitalize on short-term possibilities since currency swings are immediate. Forex is responsive to real-time events, requiring traders to negotiate its […]
