India
SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at […]
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CNBC’s Inside India newsletter: Could India be a hedge for a U.S. recession?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story A surprise interest rate hike from the Bank of Japan and the Federal Reserve’s […]
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India’s Nifty 50 is outperforming the S&P 500 so far this year
The National Stock Exchange of India has a total market capitalization of over $5. Javier Ghersi | Moment | Getty Images India’s Nifty 50 is outperforming the S&P 500 and analysts told CNBC the index could go even higher this year. The South Asian benchmark has surged 11.8% so far this year, outpacing the S&P […]
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An airline now allows women to avoid sitting next to men. Here’s how travelers are reacting
India’s biggest budget airline IndiGo has been trialing a booking feature that will allow women to avoid booking a seat next to men on flights. The feature, the first of its kind for an airline, works by showing female travelers a pink seat at the seat selection page if it will be occupied by a […]
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India central bank asks top lenders to refrain from large trading bets against rupee, Reuters reports
An undated editorial illustration of Indian rupee cash bills and a stock market indicator board. Javier Ghersi | Moment | Getty Images The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters. Officials from the RBI’s financial […]
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India’s ultra-wealthy club is booming — here’s where the country’s rich are investing
Smiling businessman with laptop and credit card in a restaurant in the evening Pixelfit | E+ | Getty Images India is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, according to consultancy Knight Frank. Earlier this year, India’s financial center, Mumbai, overtook Beijing to become […]
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Bangladesh PM Sheikh Hasina flees, army says interim government to be formed
Prime Minister Sheikh Hasina addresses the media at a vandalized metro station in Mirpur, after the anti-quota protests. – | Afp | Getty Images Bangladesh Prime Minister Sheikh Hasina resigned and fled the country on Monday after hundreds of people were killed in a crackdown on demonstrations that began as protests against job quotas and swelled into a movement demanding her ouster. Jubilant crowds […]
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Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
2024 was expected to be a ” stock picker’s year ,” but macroeconomic uncertainties and some market volatility have seen many investors plow cash into exchange-traded funds (ETFs). Net flows into ETFs topped $200 million in the second quarter of this year, according to Fidelity, taking the year’s total to $404 billion — 85% higher […]
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CNBC’s Inside India newsletter: Can India’s hot deal-making season extend to a free trade agreement?
Customers browse the S1 Pro electric scooter of Ola Electric Mobility Pvt. at the launch event of Ola Experience Center in Bengaluru, India, on Sunday, Nov. 27, 2022. Ola opened three showrooms called Ola Experience Centres in Bengaluru on Sunday. Photographer: Samyukta Lakshmi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images This report is […]
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‘Internal battle’ in Modi’s BJP on whether India needs Chinese investments, Natixis chief Asia economist says
Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi’s swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty Images There is an “internal battle” happening within India’s ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia’s manufacturing powerhouse, Alicia Garcia-Herrero, chief […]
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