Ramaphosa theft case wounds ANC, threatens economy

A scandal engulfing Cyril Ramaphosa is threatening to take down more than just the South African president. Hanging in the balance are the fate of his party and his government’s reform agenda that was to have kick-started a stagnating economy. On Wednesday, an advisory panel established by parliament found grounds for lawmakers to consider impeaching … Read more

Shekel hits 3-month strongest against dollar

The shekel has fallen below NIS 3.40/$ for the first time since the start of September. The shekel is strengthening today against the dollar and against the euro. The Bank of Israel set the representative shekel-dollar rate down 0.785% today at NIS 3,414/$, and the representative shekel-euro rate was set 0.087% higher … Read more

Government Invites Bids To Sell 50.79% Stake In NMDC’s Nagarnar Steel Plant

NMDC is a central public sector enterprise, under the administrative control of the Ministry of Steel. It is involved in the exploration and mining of iron ore as well as other minerals. The NMDC Iron and Steel Plant at Nagarnar, near Jagdalpur in Chhattisgarh, has a capacity of 3 million tonne per annum and is … Read more

Cerberus offers ₹8,300 crore upfront cash for YES Bank’s stressed assets book

Private equity major Cerberus Capital is still interested in buying the stressed assets book of beleaguered YES Bank and has made an ‘all cash’ offer to the tune of ₹8,300 crore, sources told business line. An email regarding the ‘binding offer’ was sent by Cerberus in mid-September to a senior executive in YES Bank, which … Read more

Digital Rupee Launch: Key features and all you need to know about RBI’s digital currency

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‘Operations were disturbed for 40 minutes’: Mumbai airport says normal services have resumed

Mumbai International Airport on Thursday said normal services have resumed after operations were disturbed for about 40 minutes due to server failure. “Our teams are present on the ground and manual processing has been initiated to facilitate all passengers. We sincerely regret the inconvenience and thank our passengers for their understanding,” said the airport. Earlier, … Read more

Dow Jones Futures: Inflation Report Due After S&P 500 Surges Above 200-Day On Fed Chief Powell

Dow Jones futures tilted higher Thursday morning, along with S&P 500 futures and Nasdaq futures. Salesforce.com headlined earnings overnight but investor focus will be on Thursday’s PCE inflation report after Fed chief Jerome Powell triggered a tech-led stock market rally on Wednesday. X The pace of rate hikes could start to slow at the December … Read more