Global Market - Angel One

Saudi Arabia-based Public Investment Fund (PIF) will join the long list of investors which have invested in Reliance Industries owned Reliance Jio Platform in 2020. PIF will invest Rs 11,367 crores in acquiring 2.32 percent stake in Jio Platform.  Reliance Jio recently hauled huge amount of investment from several high-profile backers including Facebook, Silver Lake, …

SEBI has given a green signal to Deutsche Bank to offer custodial services for silver bullion. The decision was announced on Thursday.  In a statement issued by the bank, it has mentioned that the new position will help them strengthen their presence in the commodity market. Commodity trading has a long history in India. In …

As COVID-19 continues to rage through economies, global plastic market has considered its cues in projecting future growth of the industry. In a recent report published, growth rate on global commodity plastic market is projected until 2027.  Overall positive growth rate is predicted in the report and is said to have taken into account the …

The government has recently made it mandatory for all investments from India’s neighbours would need its approval before such plans, signalling a major shift in its foreign direct investment policy (FDI). The new rules for foreign investment in India applies to its neighbours, ie, countries that India shares borders with, including China, Pakistan, Bhutan, Nepal, …

China’s central bank recently increased its shareholding in India’s largest mortgage company HDFC to 1.01 per cent. It bought 1.75 crore shares worth nearly Rs 3,000 crores at a time when global stock markets were bruised and battered. The news of the purchase raised eyebrows as governments and central banks across the world are busy waging …

What is common between Omarosa Manigault Newman, Steve Bannon, Rex Tillerson and Gary Cohn? If you are still groping for an answer; all of them were close aides of Donald Trump but had either resigned or were asked to leave in the last 6 months. Normally, exits from the hallowed portals of White House are …

Recently, there was a major furore when Donald Trump proposed import tariffs of 25% on Steel and 10% on aluminium imported into the US. That would immediately mean that the steel and aluminium consumed in the US becomes more expensive and triggers inflation. However, the immediate reaction was threats of retaliatory tariffs. The EU, which …

In what was long anticipated to happen, Morgan Stanley Capital International (MSCI) which is the world’s largest provider of tradable indices has decided to add China also to its list of countries. Over the past few years, China has been pitching for inclusion in the MSCI-EM index, but they had been kept out due to …

A key highlight of the dollar has been its waning strength over the last few months. A variety of factors have been attributed to it like a reversal of the Trump Trade, cautious hawkishness from the Fed etc. But above all, it is also an indication that other economies are actually showing signs of strength. …

The recent India Development Report (IDR) update released by the World Bank has identified some key economic, financial and environmental parameters that could position India in a sweet spot with respect to growth. In fact, the World Bank has expressed surprise that the Indian economy had recovered quickly from the liquidity effects of demonetization. On …