The RBI is offering NRIs tax free dollar deposits that, with leverage, can deliver equity-like returns, part of a wider push to steady the rupee. US firm Opendoor is shutting its India operations and betting on AI instead, reigniting the debate over the future of back office work here. MetLife wants majority control of PNB MetLife now that India allows full foreign ownership in insurance. A weak El Nino monsoon threatens hydropower as power demand hits records. And the European Central Bank has hiked rates for the first time in three years, with the Fed up next.
Top of the Morning with Nelson John is your daily briefing on Indian business, markets, policy and the global stories that move them. New episode every morning.
#IndianEconomy #RBI #FCNR #Opendoor #ECB #Hydropower #BusinessNews
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