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India’s Shadow Bank Tumult Casts a Widening Gloom

A wall of mistrust threatens to feed through to microlenders, hurting the poor and dragging down consumption......»»

Category: topSource: washpostFeb 11th, 2019

India"s Reliance Capital calls auditor"s observations "baseless and unjustified"

Reliance Capital Ltd said on Thursday the observations of PricewaterhouseCoopers (PwC) about its fiscal accounts were "completely baseless and unjustified", a day after the auditor withdrew from assessing the shadow bank's fiscal year 2018/19 accounts......»»

Category: topSource: reutersJun 13th, 2019

India"s NPL Crisis Erupts: A Major Shadow Bank Defaults On Three Debt Payments

IL&FS Investment Managers, a unit of India’s Infrastructure Leasing & Financial Services (IL&FS.....»»

Category: blogSource: zerohedgeSep 22nd, 2018

In Shock Move, India Nationalizes Giant Shadow Bank At Center Of Market Rout

One week after we reported that I.....»»

Category: blogSource: zerohedgeOct 1st, 2018

India Is Missing the Wake-Up Call From Its Shadow-Bank Bust

Ratings companies and mutual funds refuse to heed lessons from the $12.8 billion bankruptcy of IL&FS Group......»»

Category: topSource: washpostNov 24th, 2018

Central bank action expectations & recession fears high in October

October began in the shadow of highly negative expectations but ended on a positive note, as key dangers were avoided. At the start of the... The post Central bank action expectations & recession fears high in October appeared first on ValueWalk......»»

Category: blogSource: valuewalkNov 5th, 2019

Slower growth in Microsoft cloud business casts shadow over results

Microsoft Corp's Azure cloud services grew more slowly in its first quarter even as profit and revenue beat estimates, the company said on Wednesday, a sign that competition is picking up in its fastest-growing business......»»

Category: topSource: reutersOct 23rd, 2019

Prosecutors are scouring Rudy Giuliani"s bank records and business dealings in Ukraine as part of a widening criminal investigation

(Photo by Anthony Devlin/Getty Images) Federal prosecutors are diving deep into Rudy Giuliani's finances and consulting work in Ukraine as part of a broadening criminal investigation, The Wall Stre.....»»

Category: topSource: businessinsiderOct 14th, 2019

Earnings Watch: China casts a long shadow over stocks as earnings season opens this week

The third-quarter earnings season will kick off at in earnest next week with the first reports expected Tuesday from big banks JPMorgan, Goldman Sachs and Citigroup, along with fellow Dow components Johnson and Johnson and UnitedHealth Group......»»

Category: topSource: marketwatchOct 13th, 2019

China casts a shadow over stocks ahead of earnings season

The third quarter earnings season will kick off at in earnest next week with the first reports expected Tuesday from big banks JPMorgan, Goldman Sachs and Citigroup, along with fellow Dow components Johnson and Johnson and UnitedHealth Group......»»

Category: topSource: moneycentralOct 11th, 2019

Earnings Watch: China casts a long shadow over stocks as earnings season opens next week

The third quarter earnings season will kick off at in earnest next week with the first reports expected Tuesday from big banks JPMorgan, Goldman Sachs and Citigroup, along with fellow Dow components Johnson and Johnson and UnitedHealth Group......»»

Category: topSource: marketwatchOct 11th, 2019

WeWork India seeks new backers after talks with local bank collapse

WeWork's India franchise has seen talks .....»»

Category: topSource: reutersOct 10th, 2019

India’s Quashed Bank Merger Fans Contagion Risks

The fallout from the shadow finance crisis becomes more serious after Indiabulls is denied a lifeline......»»

Category: topSource: washpostOct 10th, 2019

Over 300,000 Auto Sector Jobs Gone In India; Government Is In Denial

In its report on Asia's development outlook, the Asian Development Bank (ADB) highlighted the emergence of Bangladesh as the fastest growing economy in Asia, wrestling away the honor from India that had re read more.....»»

Category: blogSource: benzingaOct 8th, 2019

Bank Crisis Hits India: "Bank Stops Functioning, People Crying Outside Bank Branches"

Bank Crisis Hits India: "Bank Stops Functioning, People.....»»

Category: blogSource: zerohedgeOct 5th, 2019

India"s Central Bank Gets Further Ahead Of The Easing Curve

India"s Central Bank Gets Further Ahead Of The Easing Curve.....»»

Category: topSource: seekingalphaOct 5th, 2019

India cuts interest rates

The Reserve Bank of India on Friday cut interest rates, on concerns about economic growth both at home and abroad......»»

Category: topSource: marketwatchOct 4th, 2019

The Tell: As others see gloom, BlackRock says world economy to accelerate thanks to central bank easing

Thanks to central bank easing, the global economy should accelerate, BlackRock says......»»

Category: topSource: marketwatchOct 1st, 2019

India Launches MMT: Indian Stocks Soar After Surprise Central Bank-Funded Tax Cut

India Launches MMT: Indian Stocks Soar After Surprise Central Bank-Funded Tax Cut Ind.....»»

Category: blogSource: zerohedgeSep 20th, 2019

Bank’s Race Against Crisis Puts India on Warning

Troubled lender Yes Bank is caught between past underwriting errors and hopes of a digital future. Can it get there? .....»»

Category: topSource: washpostSep 17th, 2019

Bank’s Race Against Crisis Puts India on Warning

Troubled lender Yes Bank is caught between past underwriting errors and hopes of a digital future. Can it get there? .....»»

Category: topSource: washpostSep 16th, 2019