The central bank has a real problem on hand… Source: Trading Economics For the first time during this year, the forex reserves of RBI fell below the $400 billion mark. This is a sharp fall from the levels of $427 billion at the beginning of this fiscal. So how did the dollars deplete so rapidly?…
What exactly could have driven the buyback by L&T? During the previous week, L&T announced its first ever buyback in history. The issue was also the third largest buyback in India, with the two largest tranches having been already completed by TCS. That raises a critical question. Buybacks are understandable for tech companies with mountains…
Why Donald Trump will finally have his way on rates? It is by now a well known fact that Donald Trump has been a staunch critic of the rate hikes announced by the Fed. In the latest Fed testimony, Chairman Powell hinted at further rate hikes if the growth in GDP and the strong jobs…
