“India is in the midst of a major Infrastructure upgrade. Massive urbanization and industrial expansion will usher millions out of poverty and expand the middle class,” says Shiv Sehgal, President & Head, Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “India’s rapid urbanization and China +1 goal to become a manufacturing powerhouse and … Read more
“See whatever is happening elsewhere in the world right now the good part is that there is no economic impact or there is very minor or almost negligible economic impact happening on India as an economy,” says Vikas Khemani, Carnelian Capital Advisors. A lot of parallels have been drawn that this is not like 2008 … Read more
US banks are being forced to do something they haven’t done for 15 years: fight for deposits. After years of earning next to nothing, depositors are discovering a trove of higher-yielding options like Treasury bills and money market funds as the Federal Reserve ratchets up benchmark interest rates. The shift has been so pronounced that … Read more
The mistaken payment was first reported by LevFin Insights. By Katherine Doherty and Jenny Surane Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman. It … Read more