The Serious Frauds Investigation Office (SFIO) has summoned Chanda Kochhar of ICICI Bank and Shikha Sharma of Axis Bank in connection with the PNB scam involving Nirav Modi and Mehul Choksi, both of whom are currently absconding. While Axis Bank had actually Read more [...]

The likely trade war between the US and the EU brings back memories of the previous trade wars in the 1930s which actually worsened the Great Depression of the 1930s. The story began with the US plan to impose 25% import duties on steel and 10% on aluminium. Read more [...]

As we had cautioned yesterday, the trade war fears led to the Nifty tanking by nearly 100 points on Monday. Asian markets continue to be tentative although Europe and the US saw some buying interest at lower levels. It is perhaps time to be a tad Read more [...]

After a long holiday weekend, Indian markets are likely to react on Monday to the import duties imposed by the US on steel and aluminium. The big overhang will be the possibility of a full-fledged retaliatory trade and currency war. The SGX Nifty Read more [...]