India’s insurance regulator is set to introduce basic, no-frills health covers and performance scorecards for insurers and hospitals to address patient criticism and ensure industry viability. These initiatives, designed to enhance transparency and informed choices for policyholders, aim to improve claim settlement times and hospital billing practices, marking a shift towards preventive healthcare.Read More
Indian stock markets are closed today for Shri Mahavir Jayanti. This is the first of two market holidays this week. Trading will resume on Friday for Good Friday and again on April 14 for Dr. Baba Saheb Ambedkar Jayanti. Several other holidays are scheduled throughout the year. MCX will have a trading break in the first session.Read More
New RBI curbs on net open rupee positions created volatility in dollar-rupee forwards. Initially, the gap between domestic and overseas rates widened significantly as banks anticipated selling dollars locally. However, this difference narrowed as banks adopted a wait-and-watch approach, expecting potential RBI relief, leading to a near-Friday closing level.Read More
Global markets faced a tumultuous month as Middle East tensions fueled fears of rising inflation and slower growth. Oil prices surged to record highs, while Asian shares plunged. Bonds declined significantly due to hawkish interest rate outlooks, and the dollar strengthened. Investors are increasingly concerned about a prolonged conflict.Read More
Oil prices are climbing for the fourth day. Brent crude is set for its largest monthly gain ever. U.S. crude futures are also seeing a significant increase. This is driven by supply concerns stemming from the escalating Middle East conflict. Iran’s actions have impacted key shipping routes, raising fears of further disruptions to global energy supplies.Read More
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