Shares of SpiceJet climbed over seven per cent earlier today after the low-cost budget carrier settled its ₹755-crore deal with Export Development Canada (EDC) to clear major liabilities.

The deal will lead to a comprehensive revitalization of its balance sheet, said SpiceJet in its statement.

Read here: https://www.read.ht/STyz

'The greatest mistake India can make', said former RBI Governor #RaghuramRajan on Indians believing the “hype" around its strong economic growth citing significant structural problems that need to be fixed to meet potential.

Read here: https://www.read.ht/STzZ

#PersonalFinance | Expatriates should ensure their estate plans comply with local laws regarding asset distribution and taxation to avoid legal complications and maximize the preservation of wealth for beneficiaries.

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https://www.livemint.com/money/personal-finance/how-to-navigate-cross-border-asset-distribution-taxation-11711455531316.html?utm_source=Social_media&utm_medium=Growth_Team&utm_campaign=Social_Media_all

India's current account deficit declined to $10.5 billion or 1.2% of the #GDP in October-December quarter from $11.4 billion in the previous three months and $16.8 billion a year ago, the RBI said.

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#PersonalFinance | The legal fees that you are required to pay to the law firm situated in Dubai would be taxable in India under the provisions of the Income Tax Act, 1961 since such fees would qualify as “fees for technical services”.

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#MintPodcast 🎙️| India’s copper conundrum

#TopOfTheMorning is a daily podcast in which we bring you all the action from the global markets and the business world to kick-start your day on a well-informed note.

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https://www.read.ht/SUjo

#IBC rescues poised to rise 50% in FY24 | Actis, 4 others eye Brookfield’s 1.6 GW India power assets | #ICICIBank staff tap I-Sec investors on delisting vote

Read today's Mint e-paper here: https://epaper.livemint.com

Here's a snapshot of financial markets for you.

Read the #MintNewsletter: https://www.livemint.com/mint-top-newsletter/minttopofthemorning27032024.html

Here's a compilation of interesting numbers that matter!

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#SubkoCoffeeRoasters #Zerodha #NikhilKamath #SpiceJet #NBFC #Mubadala #WeWork #GAIL

#StocksToWatch | Here are top stocks that could be in focus today!

Read here: https://www.read.ht/SUju

#MintCharts | Defaults on gold loans have the regulators worried. Earlier this month, the Reserve Bank of India barred IIFL Finance, the second-largest gold loan NBFC in the country, from disbursing fresh gold loans.

The period during covid and immediately after it saw a rise in gold loans. But, the fast pace of gold lending also meant an increase in bad loans was likely.

As a result, gross non-performing assets of gold loan NBFCs increased from 0.5% in 2021-22 to 2.3% in 2022-23.

Today's #MintMetric by Bibek Debroy!

#MintMacroTracker | Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.

As of Feb 2024, 8 of the 16 indicators were in green, 5 in red, & 3 in amber-which is an improvement from last month when six indicators were in green

Argentine President #JavierMilei plans to fire 70,000 government workers in the coming months in one of the clearest signs yet of how the libertarian’s chainsaw-style approach intends to slash the swollen state.

Read here: https://www.read.ht/SUkI

#AlibabaGroup Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion.

Read here: https://www.read.ht/SUkN

#PersonalFinance | Axis Bank's recent devaluation of its credit cards, notably the Magnus card, has sparked discontent among customers, leading some to contemplate moving their banking affairs to other institutions.

(Shipra Singh & Shashwat Mohanty report)

Read here: https://www.read.ht/SUld

#PersonalFinance | Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks.

Here is a list of banks that offer the highest #FD rates for deposits up to ₹1 crore over various tenures.

India’s youth continue to grapple with soaring #unemployment rates, with nearly 83% of the jobless population belonging to this demographic, as per the India Employment Report 2024

Read here: https://www.read.ht/SUnW

#Microsoft has appointed Pavan Davuluri, an alumnus of the prestigious IIT Madras, to spearhead the development efforts for both Windows and Surface.

Read here: https://www.read.ht/SUo1

#MintPodcast 🎙️| A snowballing governance nightmare for corporate India?

#TopOfTheMorning is a daily podcast in which we bring you all the action from the global markets and the business world to kick-start your day on a well-informed note.

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https://www.read.ht/SVFC

Tweak in rule brings relief to banks, AIFs | #CarDekho looks to raise $100-150 mn | Over 2 dozen directors pull candidatures during vote

Read today's Mint e-paper here: https://epaper.livemint.com