The markets continue their bull run, with the benchmark index, Sensex, closing at 53,000 levels for the first time on Wednesday, gaining 0.37 per cent or nearly 194 points. The markets came back into positive territory post noon followed by a rally in metal stocks and banking and financials. Foreign institutional investors (FIIs) turned net …
Pandemic-related restrictions have impacted the paper and products industry severely. With the closure of educational institutes and the increasing adoption of work from home, there has been a significant drop in paper demand. Accordingly, this affected the prices of paper and paper products, which subsequently impacted the industry’s earnings. Nevertheless, on July 7, paper manufacturing …
An Overview of Monday’s Fake Surge On Monday, derivative traders on the National Stock Exchange (NSE) were sent into a frenzy when Nifty index futures soared 805 points, or more than 5%, within seconds of the opening bell, despite no equivalent move in the underlying cash market. The Nifty futures (current month expiry) achieved a …
A Brief Overview The price of gold has witnessed a surge within a limited time frame as is evident from the fact that gold rates across the globe have consistently hovered near a 3-week high. This scenario was aided by a fall in U.S. Treasury yields. Examining the Scenario Tuesday saw the prices of gold …
Avenue Supermarts and Info Edge India seem to have fair chances of inclusion in the Nifty benchmark index during the upcoming semi-annual review in September 2021. Avenue Supermarts Limited is a popular retail corporation operating the DMart chain of hypermarkets. It was established in 2002 by Radhakishan Damani. DMart stores offer a wide range of basic …
The Reserve Bank of India announced on Monday it would carry out the first purchase of government securities worth Rs. 20,000 crores on 8 July. It is a part of its G-Sec Acquisition Programme (G-SAP) to support a post-pandemic market, announced earlier this year. On 4 June, the RBI Governor Shri Shaktikanta Das announced regarding …
Zomato, the food delivery behemoth, filed for approval from the Competition Commission of India to acquire a 9.3% stake in Grofers, the grocery delivery company. The $120 million investment will come from Zomato and its investor Tiger Global, of which Zomato will contribute the lion’s share. Some key highlights Along with a 9.3% stake, Zomato …
The reports of Covid-19 resurgence in some Asian countries have worried investors, and as a result, Asian stocks slumped on several exchanges. Several Asian stock markets reported the stress is mounting as virus spread rises. Several countries in Asia have reported rising cases of Covid-19 infection, disrupting the market. In Japan, stocks slumped in the …
The Petrol and Diesel prices in India are witnessing record-high levels amidst the economic slowdown caused by the pandemic. All the Indian cities currently are charging above Rs.90 per liter of petrol, wherein some like Bangalore, Bhopal, Hyderabad, Jaipur, and Mumbai have crossed the Rs.100 per liter mark. Diesel prices are also running above Rs.80 …
A Brief Overview Presently, those involved in independent directorial roles are required to make an investment amounting to one percent of what the amount raised via a New Fund Offer (or NFO) would be, or invest an amount of INR 50 Lakhs. The independent director is required to pay whichever of the two amounts falls …
