India

Macro · 3 hours ago Reserve Bank of India Cuts Forex Deposit Incentive Deadline, Surprises Markets The Reserve Bank of India has unexpectedly ended its special forex swap facility for Foreign Currency Non-Resident deposits a month early, creating turmoil among bankers and traders.

Funding · 5 days ago Bank of America to Acquire 49.9% Stake in Jio Credit for $1.9 Billion Bank of America has announced plans to acquire a 49.9% stake in Jio Credit Limited, a subsidiary of Jio Financial Services, for approximately $1.9 billion, pending regulatory approvals.

Markets · 6 days ago South Korea Experiences $6.2 Billion Outflow as Investors Shift Focus In August, foreign investors withdrew $6.2 billion from South Korean stocks, signaling a broader trend of capital rotation towards markets perceived as steadier amid AI volatility.

Macro · 1 week ago Oil Prices Rise Amid US-Iran Tensions, Impacting Asian Markets and Indian Rupee Oil prices are climbing due to escalating tensions between the US and Iran, affecting Asian stock markets and leading to a decline in the Indian rupee. The Reserve Bank of India has intervened to stabilize the currency amidst these geopolitical uncer

Compliance · 1 week ago US Judge Dismisses Criminal Charges Against Gautam Adani and Executives A US federal judge has dismissed criminal charges against Indian billionaire Gautam Adani, ending a significant legal battle that began with a 2024 indictment for bribery related to solar energy contracts.