The World Bank and ADB's internal accountability mechanisms sometimes violate their own guidelines and policies on project lending

Joe Athialy: The weakest link in development lending

Business Standard

Stock Market Today: Unimech Aerospace and Manufacturing IPO will open in the mainboard IPO category on December 23 till December 26, 2024

stock trading

His trade threats helped set off a cabinet crisis in Canada that has Prime Minister Justin Trudeau teetering

Donald Trump, Trump

Trump picks billionaire Stephen Feinberg official as the No. 2 at the Pentagon and appoints Michael Kratsios to lead tech policy at the White House

PM Modi appreciated his work in preserving the rare manuscripts related to India and Kuwait

PM Modi, Fahad Ghazi Al-Abduljalil, Heritage Society

Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract.
The strikes that started Thursday and Friday followed other recent standoffs between corporate America and organized labor. Large and established labor unions secured meaningful employer concessions this year following strikes by Boeing factory workers, dockworkers at East and Gulf coast ports, video game performers, and hotel and casino workers on the Las Vegas Strip.
But workers at Starbucks, Amazon and some other prominent consumer brands still are fighting for their first contracts. Amazon refuses to acknowledge the organizing efforts of drivers and warehouse workers  many of whom have voted to unionize  even though the powerful Teamsters union says it represents them. Starbucks long resisted the unionization of its stores, but had agreed to ..

Donald Trump

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

NPCI

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

A 50-year-old doctor from Saudi Arabia, who has been living in Germany since 2006, is the prime suspect in the Christmas market attack in Magdeburg, which killed five people

Germany police

The defence relationship between India and the United States is accelerating and advancing in terrific and exciting ways, the Pentagon has said amidst the transition from the Joe Biden administration to that of President-elect Donald Trump.
"The US-India defence relationship stands on its own. It is accelerating and advancing in terrific and exciting ways, both as it relates to defence industrial base cooperation as well as operational cooperation across the services," Ely Ratner, Assistant Secretary of Defence for Indo-Pacific Security Affairs, told reporters at a news conference here.
"It (the India-US defence ties) is a continuing growth area, even as the India-China relationship waxes and wanes," Ratner said in response to a question.
India has been accorded the status of Major Defence Partnership by the United States. Biden administration officials have described the defence ties as one of the key pillars of this relationship.
This fall, India concluded an agreement with the U

US-India, US-India flag, US India flag

The UN General Assembly approved a resolution on Thursday asking the UN's highest court to state what Israel's obligations are in Gaza and the West Bank to provide humanitarian assistance essential for the survival of Palestinian civilians.
The vote on the Norwegian-sponsored resolution seeking an advisory opinion from the International Court of Justice was 137-12, with 22 abstentions. The United States, Israel's closest ally, voted against the resolution.
Resolutions in the 193-member General Assembly are not legally binding, though they do reflect world opinion.
It follows the ICJ's condemnation of Israel's rule over lands it captured 57 years ago. In a non-binding opinion in July, the court said Israel's presence in the occupied Palestinian territories is unlawful and called on Israel to end its occupation and halt settlement construction immediately.
Thursday's resolution also follows Israeli laws passed in late October, which take effect in 90 days, that effectively ban the UN

Israel Flag, Israel

The Defense Department provided equipment capable both of detecting drones and disabling them

Drones, Mysterious objects in US

Stocks to Watch, Dec 20: Exide Industries subsidiary Exide Energy Solutions signs a binding agreement with Hyundai Motor India to supply lithium-ion cells and battery packs for Hyundai's EVs in India

equity trading volumes, share market

The Indian exchange accounted for 16.8 per cent of global market share for IPOs, outranking the New York Stock Exchange and Nasdaq, the data showed

Stock markets, Indian markets

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions

weddings, marriage

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Joe Athialy

Joe Athialy

Joe Athialy

Joe Athialy: The weakest link in development lending

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FPIs pull out Rs 976 crore from Indian equities amid rising dollar

Number of UPI apps grows in 2024, yet top two command maximum market share

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Who is the Saudi-born suspect behind Germany Christmas market attack?