Credit Suisse Chief Executive Ulrich Koerner spoke of the strength of the Swiss lender’s liquidity basis in an interview with CAN on Wednesday, after its share price dropped more than 30% following comments by the company’s lead investor. “Our capital, our liquidity basis is very very strong,” Koerner said. “We fulfill and overshoot basically all … Read more
Amidst the ongoing tussle for credit among BJP, Congress and anata Dal (Secular) for the Bengaluru-Mysuru Expressway which will be inaugurated on Sunday, the Aam Aadmi Party in Mysuru on Saturday said the parties were fighting amongst themselves conveniently forgetting that the expressway was built from the taxpayers’ money. Hitting out at the parties for … Read more
“Going forward investors need to understand which Adani companies valuation-wise make sense to hold or which to buy at the current levels,” says Neeraj Dewan, Quantum Securities How should one view Adani Group of stocks after GQG buying into these counters? A big renowned fund putting in money in the Adani Group definitely gives some … Read more
The private credit has grown significantly not only in India but across the world, particularly post the pandemic. India’s corporate credit has gone through a phase of very good balance sheet strengthening, which has widened the space for investments in debt instruments, according to Mohamed Irfan, fund manager – private credit, Vivriti Asset Management. “We … Read more
The EPF rate for 2021-22 was declared at 8.1%, the lowest level since 1977-78, in March 2022 and was approved by the Finance Ministry in June. File | Photo Credit: The Hindu Nearly two years after the Budget 2021-22 introduced a tax on annual Employees’ Provident Fund (EPF) contributions of over ₹2.5 lakh, implementation challenges continue to … Read more
Every December, the world gets dressed in its wintery best and gazes towards the promise of new beginnings. In the words of journalist and author William E. Vaughan, “An optimist stays up until midnight to see the New Year in. A pessimist stays up to make sure the old year leaves.” For investors and traders, … Read more
After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial markets. The aftershocks of the COVID-19 pandemic combined with geopolitical upheavals, a supply shock … Read more
India has handed 125 SUVs to the Sri Lanka Police under a line of credit as part of its ongoing efforts to support the cash-strapped island nation, and address the serious mobility restriction issues faced by the police, due to non-availability of vehicles. As part of its ‘Neighbourhood First’ policy, India has extended multi-pronged assistance … Read more
Full analysis: Consultants hired by the Corporation will verify and monitor carbon credit generation from eligible projects. File The Greater Chennai Corporation is all set to launch the trading of carbon credits, focusing on seven key civic projects in the city. LED street lighting, solar panels, bio-methanation, electric vehicles, mangroves, Miyawaki forests and green buildings … Read more
The dollar’s value has risen to a record level as a result of aggrieved tightening by the Fed. With the objective of reducing volatility in the rupee’s movement, the RBI has been actively intervening in the forex market. Since Mar’22, when the US Fed undertook its first rate hike, the RBI net sold ~USD90bn worth … Read more