Sunday, September 13
Countries should respond collectively to the latest tariffs imposed by the United States administration rather than pursuing separate bilateral deals, according to investment strategist Christopher Wood.In the latest edition of Jefferies' 'GREED & fear' report, Wood warned that fragmented responses would weaken the multilateral trade system that has underpinned decades of global prosperity.GREED & fear advises the "rest of the world to act collectively rather than each country seeking to do its own deal with the US."Wood referred to the imposition of 50 per cent tariffs on goods from India and Brazil, alongside a 100 per cent tariff on imported semiconductor chips, as what he termed "xenophobic autarky". According to the Jefferies report, exemptions were granted to certain companie
Five Pakistani fighter jets and another large aircraft were downed during Operation Sindoor, Indian Air Force Chief Air Chief Marshal Amar Preet Singh revealed on Saturday at the HAL Management Academy Auditorium."We have at least five fighters confirmed kills and one large aircraft, which could be either an ELINT aircraft or an AEW &C aircraft, which was taken on at a distance of about 300 kilometres. This is actually the largest ever recorded surface-to-air kill that we can talk about."Shahbaz Jacobabad airfield, one of the major airfields that was attacked, he said while giving the details of the operation. An F-16 hangar was hit, with half of its structure destroyed, he said, adding that some aircraft inside were also damaged.“None of their aircraft could come anywhere near the b
In an attempt to facilitate greater participation from resident Indians in the foreign portfolio investment landscape, the Securities and Exchange Board of India (SEBI) has released a consultation paper outlining several key proposals aimed at increasing the involvement of Indian investors in FPIs.These proposals are designed to create a more inclusive investment environment, particularly for Indian non-individuals and mutual funds, allowing them to play a more significant role in international investment schemes.The proposed measures focus on expanding the scope of Foreign Portfolio Investment (FPI) participation by resident Indians through a series of regulatory changes. SEBI's move is expected to pave the way for a broader range of investment options and offer Indian investors increased
Shares of National Securities Depository Ltd (NSDL) have delivered a long-awaited payday for its pre-IPO investors, jumping 62.5% over just three sessions from the IPO price of Rs 800 and eclipsing even the stock’s unlisted market peak. The stock soared as much as 19.5% on Friday to an intraday high of Rs 1,342.60 on the BSE, comfortably above its unlisted market high of Rs 1,275, before settling at Rs 1,300.30, up 15.8% for the day.According to data from UnlistedZone, NSDL shares had traded as high as Rs 1,275 in the unlisted market in June 2025 before cooling to around Rs 1,025 in July as the IPO process progressed. For investors who bought into the stock during its pre-listing phase, Friday’s surge marked a key psychological and financial milestone.The stock made its public debut on
ICICI, one of India's largest and fastest growing banks, is making itself out of bounds for the hoi polloi.The private sector bank has dramatically raised the average minimum balance that depositors in metros and urban areas have to keep in their savings bank (SB) account to ₹50,000. About a week ago, it was ₹10,000. All new customers opening accounts with ICICI from August 1, 2025 will have to maintain the higher minimum average monthly balance (MAMB).Among the domestic banks, this is the highest minimum balance requirement. The country's largest lender State Bank of India had scrapped the minimum balance rule in 2020.123195984Most banks insist on a minimum balance to manage their day to day operations and investments, and customers are charged a penal fee if the average balance slips
