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05.03.26 - 10:48
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India′s Infra Lender NaBFID Plans $500 Million Equity Fund (Bloomberg)
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India's National Bank for Financing Infrastructure and Development (NaBFID) is planning to raise about $500 million to create its first equity-focused fund, according to people familiar with the matter, bolstering its capacity to support infrastructure projects in the world's fastest-growing major economy....
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05.03.26 - 08:42
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Why a US Torpedo Strike Sinking an Iranian Warship Puts India in a Bind (Bloomberg)
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A rare US torpedo strike on an Iranian warship near Sri Lanka has raised difficult questions for India. The vessel had just taken part in a major Indian naval review, leaving New Delhi uncertain about whether Washington coordinated its plans and how to manage the diplomatic fallout. Bloomberg's Executive Editor for Asia Economy and Government, Daniel Ten Kate, explains the implications for Prime Minister Narendra Modi as India balances its ties with the United States, Iran and other key partners on Insight with Haslinda Amin. (Source: Bloomberg)...
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05.03.26 - 06:00
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Rupee back in green: Currency rises 55 paise to 91.54 against US dollar (Times of India)
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The Indian rupee rebounded on Thursday, recovering 51 paise to trade at 91.54 against the US dollar after hitting a record low. This recovery follows a significant slump driven by surging crude oil prices linked to the Iran crisis. Traders anticipate continued sensitivity to oil market movements and potential Reserve Bank of India intervention....
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05.03.26 - 00:38
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Sensex tanks 1.1k points on FPI exodus (Times of India)
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Indian stock markets experienced a significant downturn for the second consecutive session following the West Asian conflict, pushing key indices to over six-month lows. The rupee's historic fall and rising crude oil prices, coupled with aggressive foreign fund outflows, contributed to the sharp decline. Investors lost nearly Rs 10 lakh crore in a single day....
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