Thailand extends nightlife hours in latest effort to boost tourism
Thailand has also waived visa requirements for travelers from India. This policy, effective from next month and extending until May 2024, aims to attract a higher number of tourists, tapping into the growing interest from these regions. Key Points
Economic TimesSensex tumbles over 800 points. Here’s how much money investors lost
Analysts attributed the selloff to continued foreign investor outflows and disappointing quarterly earnings, particularly in banking and auto sectors. Foreign institutional investors (FIIs) reportedly offloaded Rs 2,306 crore worth of Indian equities, extending their selling spree. Key Points
India TodayWatsa's company to put $200 million in IIFL Finance after RBI curbs
India Business News: Fairfax group commits up to $200 million liquidity support to IIFL Finance. RBI bars IIFL Finance from extending gold loans. JM Financial faces Sebi s Key Points
Times Of IndiaSony, Zee agree to enter into good faith negotiations to extend cut-off date
“Zees notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgment that they will not be able to meet the December 21, 2023, deadline to close the SPNI/ZEE merger,” the SPNI statement read. It added that the ZEEL notice triggers an existing contractual provision in the deal that allows for both parties to discuss the possibility of extending the deadline. Key Points
Economic TimesOil prices down on weaker growth in China, US rate hike jitters
By Katya Golubkova TOKYO (Reuters) - Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest Key Points
ThePrint
Federal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic TimesMarkets fall for second day running; IT counters drag
Market benchmark indices declined in early trade on May 17, extending their previous day’s fall, dragged down by IT counters and a weak trend in the U.S. equities. Key Points
The HinduManappuram Finance shares plunge 12%
“The ED is conducting a search at our registered office. We are extending full cooperation to the department, including providing complete information sought by them,” the company said in an exchange filing. Key Points
Financialexpress