India has never been kind to cryptocurrencies, yet global investors have made huge bets on the country’s digital coin ecosystem.
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Some of the largest companies in the world are teaming up with local conglomerates to get a share of India’s fast-growing online payments ecosystem.
The Covid-19 outbreak is likely to have a long-lasting impact on India’s labour market.
The second wave of Covid-19 has made economists less hopeful about India’s growth prospects.
Even as the Covid-19 pandemic continues to hurt livelihoods across India, the country’s government, led by prime minister Narendra Modi, has been reluctant to widen its direct cash transfer programme to rescue those in need.
Indian regulators have never liked cryptocurrencies, but the crypto community is showing all its love for the country at its time of need.
Indians are worried about their finances, as per one economic parameter, at least.
India is paying a huge price for decades of callous attitude towards data and statistics.
If trends in other countries are anything to go by, India’s Covid-19 nightmare might continue for more than a month.
It’s like India learned nothing about economic management from the first wave of Covid-19!
After a hasty and unplanned two-month-long lockdown in 2020 pushed the Indian economy into a technical recession, the Narendra Modi government has made it amply clear that it does not plan to implement a similar measure now even as the country is in the grips of a brutal second wave of Covid-19. In fact, on April 21, prime minister Modi told state chief ministers that they must use lockdowns as the last resort to stop the spread of coronavirus.
As the second wave of Covid-19 grips India, many states in the country have enforced local-level lockdowns. In several cities, including the financial hub Mumbai and the capital city Delhi, dine-in restaurants, hotels, malls, non-essential shops, recreational public spaces, and cinema halls are either shut or are running at a lower capacity. And like last year, migrant workers have started fleeing back to their villages.
On a day when it recorded its highest-ever quarterly profits, New York-based Citigroup said it will exit the retail business in India and 12 other countries across Asia, Europe, Africa, and west Asia.
Running a cryptocurrency business in India is no easy feat.
The second wave of Covid-19 in India will leave behind the second wave of economic woes in the country, too.
An Indian real estate company famous for its connection with Donald Trump and infamous for a junk debt rating in 2019 is—finally—set to list on Indian stock exchanges.
The new wave of Covid-19 outbreak could deal a major blow to the Indian economy’s prospects.
Even as concerns over oil prices continue to mount, Indian businesses are now staring at inflationary pressure from another commodity.
Just when the Indian economy was getting back on track after a jolt due to the Covid-19 pandemic, inflation has come to play spoilsport.
India’s foreign exchange reserves are at a record high, but there are reasons the country should continue to worry about its currency and economy.
On Feb. 19, India’s most valued tech startup expanded its stockbroking services to include futures and options (F&O) trading. With this new feature, the 10-year-old fintech firm set itself up to compete with the more established tech-savvy brokers such as Zerodha and Upstox as well as legacy trading platforms such as Sharekhan and Angel Broking. The move also put Softbank-backed Paytm in direct competition with broking arms of large Indian banks such as HDFC Securities and ICICI Securities.
The nightmare for India’s beleaguered non-banking finance companies (NBFCs) seems to have no end.
At a time when gold prices are losing their sheen, a popular Indian jeweller is hoping for a glittering debut on the stock markets.
