Midnight News Update – Nov 21st 2017 Reliance Industries has hit the forex debt market again with a plan to borrow $800 million. Reliance Jio has already sunk in nearly Rs.140,000 crore into the telecom space and is now relying on global funding Read more [...]

Midnight News Update – Nov 20th 2017 The government is seeking the surplus of Rs.13,000 crore from the RBI as additional dividend. It may recollected that this year the RBI dividend to government was reduced by Rs.30,000 crore. While Rs.17,000 crore Read more [...]

 Midnight News Update – Nov 15th 2017   After a gap of nearly 13 months, exports growth fell -1.1% to $23.1 billion for the month of October. The sharp fall in exports was an outcome of the confusions over GST credits for exporters. The Read more [...]

 Midnight News Update – Nov 13th 2017   In the aftermath of stringent SEBI regulations pertaining to P-Notes, the total value of P-Notes fell to an 8-year low of Rs.123,000 crore. P-Notes are a means for foreign investors to indirectly participate Read more [...]

 Midnight News Update – Nov 10th 2017   In a move that will make it significantly simpler for foreign companies to invest in India, the RBI has made some significant relaxations to the Foreign Exchange Management Act (FEMA). Firstly, the Read more [...]

 Midnight News Update – Nov 09th 2017   Exactly one year after the government announced its move to demonetize the 500 and 1000 currency notes Bloomberg has made its first estimates of the actual loss to the Indian economy at $15 billion. Read more [...]

 Midnight News Update – Nov 08th 2017   The Lupin stock cracked by over 16% on Tuesday after the company admitted that the US FDA had sent a warning letter over its manufacturing facilities in Goa and Pithampur. Both are key formulations Read more [...]