India Orders Oil, Gas Firms To Share Import, Export Data

India has ordered oil and gas companies to share details on exports, imports and inventories with a government agency, as the South Asian nation seeks to shield consumers from shortages amid rising global prices triggered by the US-Israeli war on Iran. The central administration Read More

Rupee Hits Fresh Lifetime Low, Slips 93.36 vs USD Amid Middle East Crisis

Rupee vs USD: The rupee has hit a new lifetime low of 93.362 per US dollar on Thursday, March 19, eclipsing its previous low 92.62 ⁠per USD.The rupee has lost approximately 1.77% in the past month alone, with the RBI deploying an estimated USD 18–20 billion in a single week to de Read More

Morgan Stanley Joins Peers In Pushing Back Fed Cut Forecasts On Inflation Fears

Morgan Stanley on Thursday joined Goldman Sachs and Barclays in pushing back its forecast for the U.S. Federal Reserve’s next interest rate cut to September from June after the central bank flagged inflationary risks amid the Middle East conflict.The Wall Street brokerage now exp Read More

Rupee Hits Record Low; Goldman Sachs Predicts 95 Per USD Amid Oil Surge

After the rupee declined to its new lifetime low of Rs 92.62 per dollar on March 18, Goldman Sachs noted that this South Asian currency might slip to 95 per US dollar over the next year.Goldman Sachs Group Inc.’s Chief Economist for India, Santanu Sengupta, noted that the 95 per Read More

‘Very Difficult Situation’: Fed’s Powell Warns Iran War Could Complicate Global Recovery

The global economy is entering a period of heightened uncertainty as geopolitical tensions escalate in the Middle East, according to Jerome Powell, who warned that the conflict involving Iran could disrupt the fragile balance between growth and inflation.Speaking after the latest Read More

Fed, BoC Strike Hawkish Tones As Top Central Banks Convene In War’s Shadow

The U.S. Federal Reserve and Bank of Canada struck hawkish tones on Wednesday as the Iran war drove energy prices sharply higher and a pivotal week of global central bank meetings kicked into full swing.Having battled a commodities-led inflation spike after Russia’s full-scale in Read More

Atanu Chakraborty Calls Resignation From HDFC Bank “Routine”

In his first response following his resignation, Atanu Chakraborty, former Non-Executive Chairman of HDFC Bank, described the development as a routine matter and declined to elaborate on the circumstances surrounding his exit.”That’s (resignation) on the exchange website. Nothing Read More

HDFC Bank “Well-Capitalised” with Sound Governance, Says RBI; Approves Keki Mistry as Interim Chair

The Reserve Bank of India (RBI) on Thursday moved to calm investors by stating it has no material concerns regarding the governance or conduct of HDFC Bank. The regulatory intervention follows the resignation of the lender’s part-time chairman, Atanu Chakraborty, whose departure Read More

Anil Ambani To Appear Before CBI in Delhi Today in Connection with ₹2,929 Crore Reliance Communications Loan Fraud Case

Industrialist Anil Ambani, Chairman of the Reliance Anil Dhirubhai Ambani Group, to arrive at the Central Bureau of Investigation (CBI) headquarters today for examination in a high-profile bank fraud case. The questioning pertains to an FIR registered following a complaint by the Read More

Dalal Street Meltdown: Sensex Tanks 1,850 Pts as Banking Crisis and $111 Oil Trigger All-Sector Rout

The carnage on Dalal Street intensified by mid-morning on Thursday, as a leadership crisis at HDFC Bank evolved into a broad-based market rout. While banking remains the epicenter, high-growth sectors like IT and heavyweights like Larsen & Toubro (L&T) are facing massive sell-off Read More