Posts From Ramesh Sridharan

MUMBAI (Reuters) – India’s Punjab National Bank (PNB) said it detected fraudulent transactions at one of its Mumbai branches totalling about $ 1.77 billion and indicated more banks could be impacted by the fraud, sending its shares down by nearly

That was exactly as wild as it seemed. The VIX volatility index, which tracks short-term market turbulence, jumped 116% on Monday — the highest daily percentage recorded. The index has data going back to 1990. It’s the biggest move since

NEW DELHI (Reuters) – India will regain its position as the world’s fastest-growing major economy in the next fiscal year beginning April 1, but it would do well to slow down the move toward lower fiscal deficits to fund that

MUMBAI/NEW DELHI (Reuters) – India’s government may look to raise as much as a record 1 trillion rupees ($ 15.7 billion) from the sale of state assets in the next fiscal year to help meet tough fiscal deficit limits while

 Asian stocks hit a record high on Thursday though concerns about the Trump administration’s protectionist stance tempered enthusiasm in financial markets, while the dollar struggled after U.S. Treasury Secretary Steven Mnuchin welcomed a weaker currency. European shares are expected to

 Asian stocks held near a record high on Thursday though concerns about the Trump administration’s protectionist stance cast a shadow on financial markets, while the dollar was under pressure after U.S. Treasury Secretary Steven Mnuchin welcomed a weaker currency. MSCI’s

NEW DELHI (Reuters) – India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country’s first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream

 India and Israel will begin work on a free trade pact that Israel has been pushing for, officials said on Monday, as Benjamin Netanyahu began a first visit by an Israeli prime minister in 15 years. India and Israel have

India has just made it much easier for brands such as Apple (AAPL) and Gap (GPS) to sell to its 1.2 billion people. The Indian government announced Wednesday that global single-brand retailers will no longer need its permission to own

 Samsung Electronics Co Ltd (005930.KS) said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touched a fresh high of