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MUMBAI: Indian shadow lenders are selling the most local currency bonds since before a financial crisis engulfed the sector two years ago, in a sign that record stimulus is easing their fundraising burden.
THE true financial cost of Covid-19 is something India would rather not acknowledge, let alone bear – at least not until the pandemic has played ou
Country faces looming threat of credit rating downgrade
MUMBAI: Equity strategists and economists are concerned that Prime Minister Narendra Modi’s US$265bil stimulus to cushion the economy during the coronavirus pandemic has focused on boosting liquidity rather than demand in the fragile economy.
NEW DELHI (Reuters) - India will provide free food grains to millions of migrant workers hardest hit by a weeks-long lockdown as well as offer employment under a rural jobs programme, Finance Minister Nirmala Sitharaman said on Thursday.
CONFIDENCE in the Indian financial system has been breaking down for some time. Instead of trying to restore trust, it may be time to require less of it - with the help of an official rupee cryptocurrency.
FROM tariff to virus and bear territories, are we on the cusp of the next financial crisis or are we already in the middle of one?
NEW DELHI: A central bank-backed proposal to rescue embattled Yes Bank has been approved and withdrawal limits will be lifted, officials said, as India's fourth-largest private lender posted a big quarterly loss.