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Former chairman of the Bombay Stock Exchange Limited (BSE) Sethurathnam Ravi has explained “two trigger points” for the failure of cab-hailing service, BluSmart. He said the first one was the pricing of the share and the other was “diversion of funds”. “First of all, the pricing which happened of the share. There were a lot…
Foreign investors have pulled out ₹31,575 crore from the country’s equity markets so far this month, in the wake of turbulence emanating from sweeping tariffs imposed by the US on most nations, including India. This came following a net investment of ₹30,927 crore in the six trading sessions from March 21 to March 28. This…
Bonds from Australia to Japan swung after a turbulent day for US Treasuries, as markets rapidly unwound bets on interest rate cuts in the wake of Donald Trump’s surprise pause on tariffs. Policy-sensitive bonds in Australia and New Zealand plunged while longer-tenor debt rallied, echoing the flattening of the yield curve in the US. The…