Overview In the wake of India’s unprecedented surge in pandemic events, credit markets are issuing cautionary statements for other asset groups. This year, companies have defaulted on at least Rs 5,700 crores ($763 million) in domestic bonds, the highest amount for a comparable time on record. Traders are anticipating more. They’ve driven the gap between …
The pandemic took a hit on the population and businesses alike, which in turn led to an economic slowdown in the US. However, with several catalysts like the vaccination drive, lockdowns, and preventive measures, things have started to fall in place once again. All things considered the US economy looks well set to convalesce. With …
The Federal Reserve has decided to maintain its accommodative stance on monetary policy, even while it has noted that the economy is regaining strength and inflation has risen. The main refinancing rate has been maintained between 0 and 0.25 per cent. The Fed has ensured that short-term interest rates are near zero even while it …
The year of 2021 has given gold a volatile ride characterised by a high of $1,959 per ounce as recorded on January 6, 2021 and as opposed to this, a low of $1,676.01 per ounce on March 8, 2021 and yet again a low of $1,677.61 as recorded on March 31, 2021. Spot gold (or …
The second wave of Covid-19 infections is posing a challenge to the auto sector, which had just about started to pick up pace. The country saw over 3.6 lakh new infections on Tuesday alone and reported over 3200 deaths. Rising cases have meant many states have imposed a range of curbs and lockdowns. Meanwhile, there …
Coronavirus’s second wave has slowed the revival that India’s multiplex companies – PVR Ltd and Inox Leisure Ltd – had just begun to witness. The March quarter of 2021, hereafter referred to as Q4FY21, had started off on a hopeful note for cinemas across the country. Theatres saw a greater-than-expected response to the Tamil movie …
What is a bad bank? Bad banks are typically a bank that is set up to purchase bad loans and other holdings of any bank or financial institution. The bad bank usually comes into play during times of financial crisis to absolve issues and maintain the reputation of banks. While many consider bad banks to be …
The increased intensity with which the pandemic is striking India has left many startled. Not only have the number of infected individuals been rising, but the resources to support them have been depleting as well. In addition to the rise in the number of cases, the morbidity rate has also gone up. With this trend, …
India faces a huge surge of coronavirus cases and Monday alone saw over three lakh new Covid cases and 2771 deaths over 24 hours. Several states have been announcing a series of curbs and lockdowns, which may impact economic activity. Will the second surge affect corporate earnings? As many as 28 firms, including large cap …
It’s been a full circle for the markets, from the crash of March 2020 owing to Covid-19 fears and the subsequent rally. On the midcap front, in the fiscal year 2021, the BSE Midcap Index rose 91 per cent, as India’s market capitalisation grew Rs 91 trillion in the year, to touch Rs 204 trillion. …
