by DIGITAL MEDIA EXECUTIVE | May 26, 2023 | News & Insights
The StraitsX Singapore Dollar (XSGD) on the Hedera network has been announced by the Southeast Asian-based StraitsX digital asset payment infrastructure. One of the largest non-USD stablecoins by market capitalization today, XSGD has had significant adoption since its...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | Finance & Economy
At the G20 summit, India will put out a proposal for a system akin to SWIFT, which is used in international banking to enable similar paperless cross-border commerce transactions. The system will be based on an interoperable digital bill of lading that serves as an...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Market Reports, PRICE REPORT
“The secondary market for standard retail assets (PTC & DA) has seen a robust growth of 56% in FY23 with total market volume exceeding ₹1.76 lakh crore. This growth reflects both the resilient performance of retail asset pools and the preference of banks to grow...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Import/Export
The Plastics Export Promotion Council (Plexconcil) has hailed the Foreign Trade Policy (FTP) 2023 as “forward looking and dynamic”. “The policy is duration free in the sense that there is no end date to the FTP so that the Government of India can respond dynamically...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Finance & Economy
There is little to no transaction going place in the local currency, which presents significant challenges for the rupee settlement mechanism. This is true even though the Reserve Bank of India (RBI) has given banks from 18 different nations permission to open Special...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | cotton industry, COTTON PRICE
MARKET OUTLOOK Brazil’s main trading partner, China, is the destination for over a quarter of total Brazilian exports, involving more than US$90 billion in 2022 in transactions of commodities such as soy, crude oil, and iron ore – products that dominate the bilateral...
by DIGITAL MEDIA EXECUTIVE | Mar 20, 2023 | Finance & Economy, Trade Analysis
There are many countries which are expecting the rupee payments for settling specific trade with India. The Indian government is hopefully expecting the volume of transactions will grow in near future. RBI has granted the permission for domestic and foreign authorized...
by DIGITAL MEDIA EXECUTIVE | Mar 10, 2023 | Business & Policy
According to the research, we should maintain our target price at $1,950 based on an 8x FY25E EV/Ebitda on a standalone business (ex-paints/B2B platform) and a 40% Holdco discount on various assets that hasn’t changed. At the end of December, Clear Wealth owned...
by DIGITAL MEDIA EXECUTIVE | Mar 9, 2023 | Business & Policy, News & Insights
To advance its sustainability goals, the US-based fashion company VF Corporation has completed the sale of its €500 million (US$530 million) green bond issuance. The company’s portfolio includes brands like Timberland, Vans, Supreme, The North Face, and others....
by DIGITAL MEDIA EXECUTIVE | Feb 18, 2023 | Country Report
An official stated on Friday that the country’s exports to the UAE, with which India implemented a free trade agreement on May 1 of last year, are anticipated to surpass $31 billion during the current fiscal year due to strong demand for industries like gems and...
by DIGITAL MEDIA EXECUTIVE | Feb 11, 2023 | Basics of Textiles, Global Textiles, Industry View
The National Company Law Tribunal (NCLT) had approved the debt resolution plan of Sintex Industries on Friday. This was further submitted jointly by the Reliance Industries and Assets Care and Reconstruction Enterprise (ACRE). In an order given verbally, the plea from...