Diamonds certainly weren’t this mans best friend.

In the fast-paced life where the common people are struggling to make two ends meet and on the other side of the table are people like Vijay Mallya, Nirav Modi, etc. The Punjab National Bank (PNB) reported a fraud that was 49 times its net profit for the quarter ending December 31 last year and […]

International diplomacy’s perennial relation with oil trade, India 2018

India will buy 9 million barrels (1.25 million tonnes) of Iranian oil in November, 6 million barrels of Iranian oil and 3 million of Mangalore refinery and petrochemicals, indicating the world’s third biggest oil importer will continue purchasing crude oil from the Islamic republic despite the US sanctions coming into force on November 4. The […]

Repo and Reverse Repo Stabilizers

After the current chain of events that took place in the last couple of years, the Indian economy has experienced a lot of fluctuations. Inflation and deflation being the most ubiquitous trends in the economy, we shall see how does our central bank deal with it. Out of the many measures that the RBI uses […]

Crypt-OH!-Currency

In the past few years, the cryptocurrency market has been in a state of turmoil. Due to the volatile and unregulated nature of this market, not only various investors but even the government of countries are incertitude. On 17th December 2017, the most conspicuous cryptocurrency “Bitcoin” skyrocketed and reached at its all-time high with its […]

Toys R Us, no less Extinct than the TyrranosauRUs

With a whopping US $11.54 billion revenue as per 2016 and 65000 employees, what lead to the end of a chain, once a source of joy for children around the world? Toys R us is an international retail outlet, operating for more than 65 years with 800 outlets in the US itself and around 800 […]

Is the wait for the next global financial crisis over?

Many global stock markets are crashing, major currencies are depreciating, oil prices are on the rise and the US dollar continues to rise. Are these indicators of another global economic crisis which could be even worse than the one in 2008? The financial crisis has already engulfed countries across the globe — from economies like […]

Google+ comes crashing down.

Google+ was a social networking site that builds off your Google Account. If you have a Google Account, you can activate your Google+ account, it will also be linked to your Gmail as well as YouTube account. At first, it seems about the same as Facebook or Twitter, importing contacts and assigning them to circles […]

Yes Bank, in pursuit of fresh leadership.

One of the country’s leading banking institution Yes Bank touched their two and a-half year low levels on friday, before ending over 9 per cent lower, amid uncertainty around the tenure of the lender’s CEO, Rana Kapoor. A research made by RBI states that the company lost $2.95 billion of its market value last friday […]

HDFC hikes home loan rates.

HDFC, the country’s largest mortgage financer, has increased its lending rate, following in the footsteps of other lenders such as ICICI Bank, State Bank Of India (SBI)& Punjab National Bank (PNB) . The HDFC rate hike is effective immediately. “HDFC has increased its retail prime lending rate (RPLR), on which its adjustable rate home loans […]

How India fended off a financial meltdown.

In a bid to save India’s leading infrastructure finance company IL&FS, The National Company Law Tribunal allowed the Government of India’s petition to replace all the 15 members of the existing board and appoint new members to spare the blushes of the debt-ridden IL&FS. The meltdown began when the founding CEO, Ravi Parthasarathy stepped down […]