Icahn’s investment firm sinks further, down 35% since Hindenburg attack
Hindenburg accused Carl Icahn’s investment firm of over-valuing its holdings and relying on a “Ponzi-like” structure to pay dividends. Icahn called the report “self-serving.”
RBI not alarmed by spikes in call rate
“If there is persistent market dysfunction and if market participants face serious stress in funding, maybe the RBI will come out with a 3-day or a shorter-term repo. They will be available in that situation,” a source said.
Bond yields slip to 13-month low
Yield on the Indian 10-year benchmark government bond slid 8 basis points to close at 7.01%, the lowest closing level since April 7 last year, Bloomberg data showed. Bond prices and yields move in opposite directions.
RBI for emission trading system, carbon taxes
The report titled ‘Towards Cleaner Greener India’ said that besides carbon taxes and and ETS standards for carbon emission rates and energy efficiency prescribed as part of regulatory policies including feebates or rebates for technologies that emit higher or lower than average emissions could also help in reducing the overall CO2 emission in an economy.