Indian money in Swiss banks rises 50% to over Rs 7,000 crore

Indian money in Swiss banks rises 50% to over Rs 7,000 crore

Money parked by Indians in Swiss banks rose over 50% to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by...
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Sensex soars 385 points at close as rupee recovers, financials lead gains

Sensex soars 385 points at close as rupee recovers, financials lead gains

Indian shares bounced back on Friday after two straight days of losses, starting July derivatives series on a strong footing led by energy and financial stocks as the rupee recovered from an all-time low and Asian peers staged a pullback....
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India has adequate ‘firepower’ to deal with rupee volatility: DEA secretary

India has adequate ‘firepower’ to deal with rupee volatility: DEA secretary

India has adequate “firepower” of foreign exchange reserves to deal with the current volatility in the rupee, the country’s Economic Affairs Secretary told reporters. The volatility is being driven by global factors including the proposed US sanctions on...
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Trump officials send mixed signals on China investment curbs, markets sink

Trump officials send mixed signals on China investment curbs, markets sink

WASHINGTON (Reuters) – Conflicting signals from the Trump administration over proposed restrictions on foreign investment in U.S. technology companies, along with news that recently imposed import tariffs are starting to disrupt supply chains, sent globa...
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The case against NRIs making real estate investments in India

The case against NRIs making real estate investments in India

Housing prices have either fallen or remained flat in top cities, while the rentals have stagnated. Indranil Bhoumik/Mint Many of my Indian friends have invested in house property in India. Should I also do it?  —Karan Arora Housing or real...
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What should be your investment strategy when in debt?

What should be your investment strategy when in debt?

While managing your personal finance, you may face a dilemma of giving appropriate weightage to either investment or debt since both are important aspects of your personal finance. If you ignore debt repayment, then compounding interest will quickly spiral out...
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