Rupee makes historic low; Reliance trail reaches Bahamas

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here’s a quick round-up of the major local and international business and economic news events.

Can a potential Rs 17,500 crore penalty for gross violation of the Insurance Act be whittled down to Rs 20 lakh? Surely not, one may say. But this, in fact, is exactly what the Insurance Regulatory and Development Authority (IRDA) has done for Reliance General Insurance Co, an Anil Ambani group company. Here is an exclusive .

And here is more on Reliance, this time on the big brother. This time it is the export trail that is getting complex with every passing day. After the government said it had overestimated exports, the finance ministry asked three of its arms to check petroleum product exports to tax haven destinations like the Bahamas and Cyprus. Here is our take on it.

More from Investing

MSMEs are breaking the traditional convention. Look who’s funding them Scale-up your startup without an investor! Here’s how

[caption id=“attachment_156085” align=“alignleft” width=“380” caption=“Reuters”]  [/caption]

The rupee tanked by 56 paise to a historic low of Rs 53.40 per US dollar in early trade today due to persistent demand for the American currency from

banks and importers on the back of a higher dollar in overseas markets and weak domestic equity markets. Read on .

Down, down, down. That’s the direction the rupee seems to be heading at the moment. So what are the reasons for the downside? And what are the steps the RBI can take to control the fall? Find out .

Despite the fall in the rupee not everyone is worried. In fact there is someone whose laugh gets louder with every decline in the value of the Indian currency. Find out who and why .

Policy paralysis and a falling rupee: and investors are having a hell of a time. They must come up with new ideas every day to tap the profits in the markets. Let us see what ace investor Rakesh Jhunjhunwala has to say about the Indian markets and why he differs from Warren Buffet.

Yesterday’s Index of Industrial Production (IIP) data was, no doubt, a shocker. While economists and other experts have explained how the figures represent a bright-red neon light for the economy, what do the numbers really mean for you? Find out.

Notwithstanding concerns of an economic slowdown, Indian employers are the most bullish worldwide when it comes to hiring, with robust recruitment plans for the next three months, especially in the services sector, says a survey. Here is the story .

Glenmark Pharmaceuticals said on Tuesday it has sought an arbitration in the US as Napo Pharmaceuticals has no basis for terminating a collaboration agreement with it to develop and market an HIV-associated diarrhoea drug. Napo Pharma had terminated the pact on 10 November, according to a press release posted the US-based firm’s website. Here is the story .

Banking stocks are once again witnessing pressure as a slowdown in economy has raised the possibility of higher defaults. Higher cost of capital and foreign-exchange volatility are likely to result in a further rise in non-performing loans. Here is more on this .