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Das: Worst of inflation, growth and currency crises behind us

Das: Worst of inflation, growth and currency crises behind us

Reserve Bank of India governor Shaktikanta on Friday said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us and that high interest rates for a longer period looks a distinct possibility going forward. Though the global economy is projected to [...]
PE/VC investments declined by a third to USD 54.2 billion in 2022

PE/VC investments declined by a third to USD 54.2 billion in 2022

Investments by private equity and venture capital funds declined by nearly a third to USD 54.2 billion in 2022, which was characterised by a 'funding winter' after consecutive years of surge. Even after the decline, the year was the second best for India in terms of bets taken by such long term investors on growing [...]
Equity mutual fund to shift to T+2 settlement cycle from Feb 1

Equity mutual fund to shift to T+2 settlement cycle from Feb 1

Asset management companies (AMCs) will move to a shorter redemption payment cycle of T+2 for equity schemes from February 1. At present, funds are transferred to the investor's bank account within 3 days after the completion of the redemption process. The move is in line with the T+1 settlement cycle of equity markets to benefit [...]
Forex kitty rises by USD 1.727 billion to USD 573.727 billion

Forex kitty rises by USD 1.727 billion to USD 573.727 billion

India's forex reserves increased by USD 1.727 billion to USD 573.727 billion in the week ended January 20, the Reserve Bank of India said on Friday. This is the second consecutive week of a rise in the kitty after the USD 10.417 billion jump to USD 572 billion during the preceding week. In October 2021, [...]