The approval also covers the amalgamation of Emirates NBD’s existing operations in India into RBL Bank, subject to the necessary regulatory clearances.Read More
The Indian rupee neared 94 against the dollar on Wednesday, despite a pullback in equities. Central bank interventions helped keep the rupee above this psychological threshold. Exporters withholding conversions and month-end dollar demand contributed to the pressure, while geopolitical tensions also played a role.Read More
Investors are facing uncertainty buying SpaceX shares through intermediaries, as special-purpose vehicles complicate ownership verification and raise fraud concerns. The intense demand, fueled by fear of missing out on a lucrative IPO, is driving risky investments in the highly sought-after private company.Read More
US markets saw a positive start as global stocks rallied. Oil prices dropped, easing inflation fears. Iran is reviewing a US proposal, sparking hopes for peace. This led to gains in sectors like materials and consumer discretionary. Companies like Arm and SpaceX also saw significant stock movements. Investors are watching for further developments.Read More
Bonds from semi-liquid private credit funds have seen a significant value drop, reaching a one-year low. This indicates investor anticipation of sector stress, even before recent redemption surges. Major U.S. banks are tightening lending, and funds are capping withdrawals amid concerns over valuations and economic health.Read More
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