A rough week on Dalal Street wiped out Rs 2.74 lakh crore from the combined market value of nine of India’s 10 most-valued companies, as weak investor sentiment weighed on equities. HDFC Bank took the biggest hit, while Hindustan Unilever stood out as the only company in the top-10 pack to end the week with…
ELON MUSK, in his telling, is a modern-day Cassandra—better than most at predicting the future, but doomed to be disbelieved. “People don’t realise that what I’m saying will come to pass,” he tells The Economist in a 90-minute interview for The Insider , held at a giant Tesla factory in Texas where electric cars drive…
Markets are set for another volatile week after Dalal Street ended the previous one in red. Investors are set to track developments in the Middle East, fluctuations in crude oil prices and the outcome of the US Federal Reserve’s policy meeting, while a busy earnings season is expected to drive stock-specific movements.Apart from global developments,…
BILLIONAIRES HAVE never exactly been popular, but today they are loathed. Politicians in America’s Congress talk about them far more than ever before, usually to decry their ill-gotten gains or their malign influence on politics, or to insist that their wealth needs taxing (see chart 1). Fundraising emails from Democrats are three times as likely…
India’s primary market is set for another busy month, with more than a dozen companies, including Zepto, Shiprocket, and Elevate Campuses, preparing to launch their initial public offerings (IPOs). The upcoming issues are reportedly expected to collectively raise more than ₹25,000 crore. India’s IPO market is set for a busy month, with companies across sectors…
Donald Trump‘s tariff strategy is once again under legal scrutiny.Just as temporary 10% worldwide tariffs expired, two groups of small businesses headed to court to challenge the administration’s latest trade measures. The lawsuits target the sweeping tariffs announced earlier this week, which impose double-digit levies on goods from 60 trading partners and cover 99% of…
The most tempting column for an economist to write about the World Cup is the teardown, and I had it drafted before the opening match. The argument is simple: The benefits of hosting are oversold and the costs barely counted. The most tempting column for an economist to write about the World Cup is the…
For a good portion of the early 2020s, just about every discussion of financial markets seemed to involve aviation metaphors. Rich-world inflation had surged and central bankers had belatedly ratcheted up interest rates in an attempt to cool their economies. The big question was whether they could accomplish this without crashing into recession. Overdo the…
Experts point out that India’s strategic petroleum reserve policy should evolve into a broader energy security strategy that covers crude oil, LPG, and LNG. India’s energy security has been in sharp focus since the start of the US-Iran conflict. The need for robust strategic reserves to counter impact of global supply disruptions cannot be overstated….
Bank of Baroda and Bank of India are aiming to raise over $6 billion in foreign capital MUMBAI: Bank of Baroda and Bank of India, the two largest public sector banks in terms of overseas branches, are aiming to raise over $6 billion in foreign capital through schemes where RBI undertakes to cover forex risk…
