An Overview of Recent Events The accounts of three foreign funds — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — have been frozen by the National Securities Depository Ltd (NSDL), which together possess approximately Rs. 43,500 crores in shares in four Adani Group companies. According to the depository’s website, these accounts were frozen …
An Overview In the midst of the second wave of pandemic, the leading stock exchange – BSE reached a milestone of seven crore registered users based on Unique Client Code (UCC) on Monday. The BSE said in a statement that the transition from 6 crore to 7 crore users took only 139 days, compared to …
An Overview On Friday, the RBI’s six-member Monetary Policy Committee is expected to keep the policy rate unchanged and retain its accommodative posture. While the policy stance is likely to remain growth-oriented, after the economy contracted by 7.3 percent in FY21, the lowest in four decades, all eyes will be on the RBI for any …
Overview The Securities and Exchange Board of India (or SEBI) has permitted fund houses to increase the value of investments they make per mutual fund via overseas exchange-traded funds. This means that fund houses are now capable of investing USD 300 million per mutual fund, which exceeds the current limit of USD 200 million. The …
Oil prices shot up to two-year peaks on June 1, as Brent crude traded a little over $70 per barrel. The last time prices breached the $70 mark was in March when Brent inched over $71 for a brief while. Oil futures too traded at this level last in 2019, much before the Covid-19 pandemic …
An Overview of RIL’s Annual Report Reliance Industries said it had applied for the use of niclosamide as a potential medicine to treat pandemic virus and created a cost-effective diagnostic kit to detect the disease, among other pandemic-fighting measures. RIL stated Jio Platforms has partnered with US chipmaker Qualcomm for local manufacturing of 5G equipment …
An Overview of ITC Q4 Results The March quarter results of cigarette producer ITC Ltd were in line with Dalal Street projections. However, this has certainly not piqued the interest of investors. Following the results, its stock dropped roughly 3% on the National Stock Exchange, on a day when the benchmark Nifty 50 index remained …
Public sector banks (PSBs) are likely to launch qualified institutional placement offerings (QIPs) to the tune of Rs 8,500 to Rs 9,000 crore in the coming quarter, news reports suggest. Indian Bank, Canara Bank and Bank of Maharashtra are some of the PSBs that are planning to launch QIPs in the July to September period. …
Owner of French luxury brand Louis Vuitton Moet Hennessy (LVMH) has become the richest man in the world with a net worth of $186.3 billion, according to Forbes. The French tycoon has now replaced Amazon owner Jeff Bezos as the richest man in the world. The founder of Amazon, the world’s largest online retail platform, …
The combined profit of listed Indian firms as a percentage of the GDP rose 2.6 per cent in the fiscal year ended March 2021. India Inc’s net profit to GDP ratio touched a four year peak, an indicator of the rebound of the economy, especially sectors like manufacturing and metals, which were affected by the …
