FIC WEEKLY

While "It's the tradition and the smell" is what we hear about the Christmas trees, this tradition and the smell is getting costly in the United States, day by day. But has the increased prices anything to do with the demand? BY HARSHIT GUPTA | 2 Mins Read

The US - China Trade war is having a substantial impact on the Chinese economy as well as the global front. With no concessions with respect to an agreement between the two countries, things are worsening and hence leading to the requirement of quick solutions to the prevailing problems.  BY SIRJAN KAUR KOHLI                                                                                                 5 Min Read

As the world marked the 1 1th anniversary of the collapse of Lehman Brothers, which triggered the global financial crisis in September 2008, India's leading infrastructure finance company IL&FS defaulted on payments to lenders triggering panic in the markets. Following is all about IL&FS and what went wrong with it. BY NANKIE BAWA |   5 Mins Read IL&FS Ltd, or Infrastructure Leasing & Finance Services, is a core investment company and serves as the holding company of the IL&FS Group, with most business operations domiciled in separate companies which form an ecosystem of expertise across infrastructure, finance and social and environmental services. A brain child of the late MJ Pherwani, IL&FS was founded in 1987 with equity from Central Bank of India, Unit Trust of India and Housing Development Finance Co to fund infrastructure projects when peers IDBI and ICICI were focused more on corporate projects.  IL&FS Financial Services...

As Blockchain technology continues to make its way into the field of finance, we take a look at how it is helping to secure international payment structures and enable us to perform these transactions much efficiently and effectively. By SIRJAN KAUR KOHLI |  2min read   IFFCO Singapore (ISPL) announced the launch of its trade and finance blockchain platform developed by blockchain firm Dltlegders. The company completed its first live transaction for moving Palm Oil and extracts for IFFCO Group from Malaysia and Indonesia to the Middle East with support from Standard Chartered. UAE-headquartered IFFCO is a major agribusiness company in the region. It also produces foods such as confectionery, cakes, ice cream and others.  ISPL said the digitized trade transaction involved both import and export processes and took three hours to complete against the 10-day paper-based process. The firm said it is using blockchain for invoice financing in terms of buying a...