Viral Acharya resigns as RBI deputy governor six months before his term ends

RBI Deputy Governor Viral Acharya, who was the face of central bank’s Independence, has reportedly resigned six months before the scheduled end of his term. Acharya, who joined the... Read more »

Diamond Futures marginally higher after US Fed keeps rates unchanged: Kedia Advisory

On Friday, Diamond prices remained steady at Rs. 3,478.7 cent after the US Federal Reserve hinted at cutting interest rate next month.   On the ICEX, prices of Diamond futures 1... Read more »

Diamond Futures marginally higher after US Fed keeps rates unchanged says Kedia Advisory: 5pm report

On Thursday, Diamond prices closed flat at Rs. 3,488.35 cent from the previous close after the US Federal Reserve decided to keep policy rates unchanged. On the ICEX, prices... Read more »

DBS Bank revisits India’s GDP forecast for FY20 down to 6.8%

DBS Bank has revised India’s GDP growth for fiscal year 2020 down to 6.8 percent year-on-year (YoY) from 7 percent projected earlier, creating an obstacle for exports amidst challenging... Read more »

Fed holds interest rates steady, speaks of a dovish stance in future

The Fed on Wednesday has said it has kept rate cuts steady and indicated no such cut for 2019. Many say that slashing rate may not be the answer to... Read more »

MCA to amend LLP Act to keep a tab on shell companies

In an effort to keep a tab on shell companies, the Ministry of Corporate Affairs may amend the LLP Act to tighten regulation for companies which seek to change... Read more »

Diamond Futures steady amid weak global cues, US Fed meeting: Kedia Advisory

On Wednesday, Diamond prices remained flat at Rs. 3,479.4 cent. Traders continued to be cautious with US Federal Reserve monetary policy meeting results expected later today. On the ICEX,... Read more »

RBI panel recommends doubling collateral-free loans limit to Rs 20 lakh for MSMEs

There could be some good news for over 63 million Micro, Small and Medium Enterprises (MSMEs) from now on. An eight-member expert committee, constituted by the RBI, has reportedly... Read more »

RBI to address concerns related to data localization says Government

The RBI is going to examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government... Read more »

Trump-Xi anticipated meet sets Dow to a 400-point high, Indian markets sink

With the Dow rallying to a 400 point high, US markets saw steady gain. Trump’s tweet has reported sent the market into a tizzy, calming the US-China earlier trading... Read more »