WiNews

What does US Fed interest rate hike mean for Indian markets?

Lack of surprises in the FOMC meeting outcome did not drag Indian stock markets despite an interest rate hike by Fed

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UBS sees India’s external finances at risk despite high reserves

India’s foreign exchange reserves at $421 billion cover 81% of external debt as of September 2017 and less than 11 months of imports

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Live Mint1038 day(s) ago

Why Delhi may face tomorrow what Cape Town faces today

Per capita availability of water is falling fast and unless this is checked, parts of India could soon run dry

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Live Mint1038 day(s) ago

Foreign investors sell $2.33 billion of debt in February

FPIs have been selling government bonds as worries that widening CAD, higher fiscal deficit target and prospects of further rate hikes in the US may led to monetary tightening by RBI

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Live Mint1038 day(s) ago

Elon Musk probably won’t move to Mars after $2.6 billion pay approved

Here’s what Tesla shareholders just bought for $2.6 billion: a stronger guarantee that Elon Musk will stick around for at least the next decade

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Live Mint1038 day(s) ago

This part of emerging debt looks good to big funds as rates rise

With the US dollar depreciating even as the Fed hikes, local-currency debt has some insulation from worries such as supply hitting the Treasuries market

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Live Mint1038 day(s) ago

Mark Zuckerberg’s response doesn’t cut it, say Facebook’s critics

Facebook CEO Mark Zuckerberg breaks silence on the crisis over Cambridge Analytica’s access to user data on the social network. But critics are underwhelmed

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Live Mint1038 day(s) ago

Mark Zuckerberg breaks silence, but this is the most confusing apology if ever there was one

Facebook is working on a three step plan to ensure that a repeat of the Cambridge Analytica crisis is averted, but users aren’t at best pleased

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Live Mint1038 day(s) ago

Market Live: Sensex, Nifty trade higher as US Fed hikes rates

BSE Sensex trades marginally higher, while the Nifty 50 trades below 10,200. Here are the latest updates from the markets

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Live Mint1038 day(s) ago

Rupee strengthens against US dollar as Fed hints more future hikes

At 9.15am, the rupee was trading at 65.14 a dollar, up 0.11% from its Wednesday’s close of 65.21

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Live Mint1038 day(s) ago

Top Axis Bank executives Sidharth Rath, V. Srinivasan have resigned

Resignations of corporate banking head Sidharth Rath and deputy MD V. Srinivasan come at a time when Axis Bank’s corporate portfolio has taken a beating due to asset quality issues

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Live Mint1038 day(s) ago

Essar Steel auction: JSW Steel steps in, Numetal, ArcelorMittal bids rejected

JSW Steel’s entry depends on whether Essar Steel lenders will allow new bidders to participate in the fresh bidding process

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Live Mint1038 day(s) ago

Investors sulk as GSPL takes debt load off GSPC’s back

It’s little wonder GSPL shares have shed 4.7% since the deal was announced on Monday

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Thanks to renewables, thermal power sector may remain distressed for a long time

As renewables gain prominence, thermal power plants will have to become flexible in terms of generation to balance grid demand

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Live Mint1038 day(s) ago

The growth rate of contract workers has been far higher than that of directly employed workers

Between 1997-98 and 2014-15, CAGR of directly employed workers was a piffling 0.55%. In stark contrast, CAGR of contract workers over the same period was 6.79%

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Live Mint1038 day(s) ago

The people’s struggle to find solutions to water challenges

With the summer looming, water comes more easily to the urban mind. Even for those who had been reasonably secure all year long, it is an uncertain time

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Live Mint1038 day(s) ago

Opening bell: Asian markets open mixed; IDFC, Sun Pharma in news

In other news, CBI has unearthed another bank fraud to the tune of Rs824.15 crore, involving Chennai-based jewellery chain Kanishk Gold

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Live Mint1038 day(s) ago

After years of shunning fixed maturity plans, Franklin Templeton re-enters the segment

Franklin Templeton had launched a new fund called Franklin India Fixed Maturity Plan Series 3 Plan D (1,132 Days)

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Live Mint1038 day(s) ago

You still can’t file I-T returns without Aadhaar number

ITR e-filing still requires Aadhaar number despite the Supreme Court’s 13 March order directing the government against doing so till the apex court announces its final verdict

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Live Mint1038 day(s) ago

It is time, delete Facebook, says WhatsApp co-founder

WhatsApp co-founder Brian Acton urges users to “delete” Facebook amid a massive data harvesting scandal in which information of 50 million people was leaked

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Live Mint1038 day(s) ago

Tesla investors head to polls on Elon Musk’s $2.6 billion pay plan

Elon Musk’s package, arguably the largest-ever of its kind, underscores Tesla’s outsize ambitions and how intimately connected the company’s future success is to its CEO

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Live Mint1038 day(s) ago

Birds in your backyard, now on your desktop

Download and keep our illustrated guide to the birds that form an important part of the urban wildlife landscape in India

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Live Mint1038 day(s) ago

Triumph will stop CKD assembly if govt hikes customs duty again

Triumph will fall back on importing motorcycles from its Thailand plant as CBU units using India’s free trade agreement with that country, says MD Vimal Sumbly

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Live Mint1038 day(s) ago

Indiabulls to sell 50% stake in prime Mumbai office assets to Blackstone

The potential Indiabulls-Blackstone deal at an enterprise valuation of $1.3 billion includes Indiabulls Finance Centre and One Indiabulls Centre in central Mumbai

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Live Mint1038 day(s) ago

Scheme for industrial development in North East India approved by Cabinet

The North-East Industrial Development Scheme, with an outlay of Rs3,000 crore, will help generate employment and is aimed at encouraging MSMEs

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Live Mint1038 day(s) ago

Rajya Sabha set to reflect BJP’s new political clout

Rajya Sabha elections are likely to raise BJP’s strength in the Upper House while the Congress could witness a further erosion

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Live Mint1038 day(s) ago

Oyo in talks to raise up to $800 million in fresh funding

Oyo Rooms is in early talks with existing investors led by SoftBank and two new investors for fresh funding, which it will use for national and international expansion

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Is Big Data a threat to free democratic choice?

The Cambridge Analytica controversy raises several uncomfortable questions

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Live Mint1038 day(s) ago

Karnataka elections: Rahul Gandhi calls JDS B-team of BJP

Rahul Gandhi said that despite the alleged BJP-JDS alliance, they will be unable to stop the Congress from bagging a majority in the Karnataka elections

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Live Mint1038 day(s) ago

Fraud won’t affect Binani Cement deal: Dalmia Bharat

Dalmia Bharat has ruled out any impact of an alleged fraud on the resolution process of Binani Cement, in which it has emerged the winner

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Live Mint1038 day(s) ago