Business

Gold prices slip as dollar strengthens against yen after Trump-Abe meet

By Selene 0
Bengaluru: Gold slipped on Monday as the dollar strengthened against the yen, with the greenback buoyed by a smooth meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe that saw no mention of currency policy. Spot gold had fallen 0.31% to $ 1,230.22 per ounce by 11.38am, while US gold futures were Read More

Demonetisation affects asset backed securities’ performance: Moody’s

By Selene 0
Mumbai: International rating agency Moody’s Investor Services on Monday said that demonetisation has hit negatively the performance of asset backed securities (ABS) as collection rates in both November and December dropped. However, the effect will be a short-lived affair. ABS is a financial security which is backed by assets other than real estate. For example, Read More

BoB shares fall 7% as analysts downgrade stock after Q3 results

By Selene 0
Mumbai: Shares of Bank of Baroda (BoB) on Monday fell as much as 7.2% after most of the brokerages downgraded the stock as non-performing assets (NPAs) continued to mount amid fall in loan growth. The scrip touched a low of Rs175.70 a share. At 10.16am, BoB was trading at Rs 175.70 on Bombay Stock Exchange, Read More

India’s bond volatility soars fivefold on RBI policy black box

By Selene 0
When it comes to India’s monetary policy, Credit Agricole CIB says it almost makes sense to expect the unexpected. Such scepticism from Dariusz Kowalczyk, Hong Kong-based senior emerging-market strategist at the bank, is shared by several other investors and traders, who were caught off guard when the Reserve Bank of India’s policy-making panel surprisingly left Read More

People’s Bank of China resumes reverse repo sales after a six-day halt

By Selene 0
Shanghai: China’s central bank restarted the use of an instrument that adds cash to the financial system, helping ease liquidity concerns before $ 153 billion of funds come due this week. The monetary authority sold a total 100 billion yuan ($ 14.5 billion) of reverse-repurchase agreements, the first auction after a six-day pause, a statement Read More

Why Vishal Sikka and Narayana Murthy need corporate governance lessons

By Selene 0
India hasn’t had a great reputation with regard to corporate governance. Nevertheless, it has been ranked higher than some other Asian countries such as South Korea, China, the Philippines and Indonesia by Asian Corporate Governance Association. Even that reputation now lies in tatters. The Tata group and Infosys Ltd, both hailed as shining examples of Read More