Country Financial News

United States recognises Arunachal Pradesh as Indian territory and strongly opposes any unilateral attempts by China to advance its territorial claims across the Line of Actual Control, a senior Biden administration official has said, days after the Chinese military reiterated its claim over the state following Prime Minister Narendra Modi's visit there. Earlier this week, Chinese Defence Ministry spokesman Senior Colonel Zhang Xiaogang said that the southern part of Xizang (the Chinese name for Tibet) is an inherent part of China's territory, and Beijing "never acknowledges and firmly opposes" the "so-called Arunachal Pradesh illegally established by India".

₹1 lakh crore issued by the erstwhile HDFC Ltd as infrastructure bonds, according to a report by Economic Times. Infra classification would have granted regulatory relaxations to the country's largest private sector bank. The stocks of HDFC Bank were trading in green at ₹1444.35, up 0.93 per cent on March 21, at 9:54 am on BSE.

BEIJING (Reuters) — The deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio (RRR), underlining market expectations for more easing measures to bolster the economy.

South Korean “tax dodgers” have been dealt another blow, with tax authorities in the city of Hwaseong confiscating cryptoassets worth over $768,500.

By David Shepardson

Adani Group stocks following Hindenburg Research’s scathing indictment was cutting against the grain — the cumulative value of the ports-to-power conglomerate’s stocks had nosedived more than $150 billion at one point — but GQG’s confidence capital at the nick of time helped soothe nerves while simultaneously raising eyebrows over the gumption of GQG’s founding chairman Rajiv Jain. Unknown to many, behind the scenes Jefferies was busy playing the match maker. Being the sole broker on India’s largest block trade (GQG’s $1.1 billion into Adani Power, as part of the larger $1.87 billion) thus became the breakout moment for Wall Street’s “challenger” investment bank Jefferies. When most other advisors were pulling back, Jefferies chose to pull out all stops for their client.

RBI) is said to have turned down a request from HDFC Bank to permit classification of securities worth more than ₹1 lakh crore issued by the erstwhile HDFC Ltd as infrastructure bonds. This would have given regulatory leeway to the country's largest private bank. «The RBI has communicated to HDFC Bank that there is a technical hurdle in giving the infrastructure tag to bonds issued by the former HDFC Ltd because those were issued by an NBFC (non-banking finance company) and norms for treatment of bonds are different for banks and NBFCs,» a person close to the development told ET.

transactions. Withdrawal and transfer of cryptocurrencies from wallet of an exchange to a private purse can be an easy route to launder money or perpetrate fraud on investors lured by ponzi schemes in the wake of a bull run. All withdrawal requests are being scanned to question the source of money and details of counterparties controlling the external wallets where the cryptos would be moved.

By Francesco Guarascio and Khanh Vu

Britain’s foreign secretary has met with Thailand’s prime minister on his first visit to the Indo-Pacific region

An appeals court in Montenegro has confirmed that cryptocurrency mogul Do Kwon will be handed over to his native South Korea

India is the top supplier of shrimp to the U.S., with Indian shrimp stocked in freezers at most of the nation’s biggest grocery store and restaurant chains

The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year

A Dutch court says the government has systematically put the interests of the aviation sector above those of people who live near Amsterdam's Schiphol Airport

Yes, there is risk in emerging market bonds – but not as much as many advisors and investors believe. And especially not in the current global economic environment, says Eric Fine, head of emerging markets active debt at VanEck.

AI — may not be as gloomy as it seems. India's tech industry is highly cyclical and should hope to spring back once Western central bankers start pulling back on interest rates. By redefining human-computer interaction, AI is expected to speed up the dispersal of technology across economic sectors.

Supreme Court on Wednesday expressed its deep concern on keeping an accused in custody without trial on the pretext of filing successive charge sheets by probe agencies. A division bench headed by Justice Sanjiv Khanna made these remarks, lamenting the Enforcement Directorate's practice of filing supplementary charge sheets in money laundering cases to defeat the accused's right of getting default bail. Justice Khanna verbally remarked that «this is just not done». The bench added that the probe agency ought to ensure commencement of the trial once it files a charge sheet. «How you conduct an investigation is your prerogative. But you cannot say that you will keep filing successive charge sheets and keep the accused in jail without trial,» justice Khanna verbally remarked on the plea of an accused booked by ED in a case of illicit mining. The bench noted that Prem Prakash, the accused, has been behind bars for the past 18 months.

Australia has received its most senior Chinese leadership visit in nearly seven years with stability a key theme of the discussions between the countries’ foreign ministers

The government recently released a fact sheet based on the highly awaited Household Consumer Expenditure Survey (HCES). The 2022-23 survey’s results have been widely discussed in the media and highlight that the process of structural change expected with improvements in living standards has continued. One concern noted by many commentators is the divergence between aggregate household expenditure as measured by the HCES as against the national accounts (reported under Private Final Consumption Expenditure or PFCE).

Sanjay Raut calling him "Aurangzeb". PM Modi said, “I have been called Aurangzeb; there has been a call to 'behead' me. Amid all these positive, and negative comments, the world will see its biggest election".

₹6,746 per barrel on the multi commodity exchange (MCX). -Analysts said that the markets are concerned about the Federal Reserve's rate decision as interest rates have not fallen off like one would have expected.