It has been decided to extend a line of credit of Rs 15,000 crore to the Export-Import Bank of India (EXIM Bank) for a period of 90 days from the date of availment with rollover up to a maximum period of one year so as to enable it to avail a dollar swap facility to meet its foreign exchange requirements. … [Read more...] about COVID-19 impact: RBI announces measures to support foreign trade
Ussr foreign trade
"According to executives, Sikka's product mindset did not work for the company and eventually led to his departure. Then came Parekh’s appointment at a time the company was looking for an executive who would bring in stability," said Pareekh Jain, founder, Pareekh Consulting. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
Q) We saw some short covering in banking space – what were the factors behind the move, and do you think the rally will last?A) The sudden rally in the banking space on Wednesday (May 27) can be attributed to short covering. Foreign Portfolio Investors (FPIs) have been net sellers in Indian equities for the past three months and prior to May 28th expiry, FPIs dived in, which led to the momentum in the banking stocks. … [Read more...] about ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’
However, with the policy still in the works, Indian ports struggle to compete with lower costs in other countries. "The vessel & container related charges at Indian ports are significantly higher than at foreign ports. Major ports in India remain costly," says Sunil Vaswani, Executive Director, Container Shipping Lines Association (CSLA). … [Read more...] about Modi 2.0: High logistics costs mar shipping industry as it awaits clearance of Major Ports Bill
Asserting that he is also taking action to protect the integrity of America's financial system, Trump said he is instructing his presidential working group on financial markets to study the differing practices of Chinese companies listed on the US financial markets with a goal of protecting American investors. … [Read more...] about Trump says US terminating relationship with WHO; takes steps against China