On 28 June Monday, Nirmala Sitharaman announced a slew of new economic measures to revive an economy tattered by COVID-19. She presented a 7-point relief measure that included financial assistance for different sectors. 7 relief measures announced by the GOI 1. Loan guarantee scheme of Rs. 1.1 lakh crores for coronavirus-affected sectors Under this announcement …
Bank of Maharashtra received the approval of its shareholders to raise up to Rs. 5,000 crores in equity capital on Thursday. It will allow the bank to obtain capital through several means, including preference issue and right issue. Per reports, the shareholders okayed the bank’s proposal in its annual general meeting, which was conducted virtually …
Software giant Infosys has launched a Rs 9,200-crore worth share buyback plan on June 25, wherein the IT firm has planned to buy shares back at a price capped at Rs 1,750 per share. The approval for the buyback was given in April 2021, while the shareholders gave the go-ahead on June 19. The last …
On 25 June, online medicine delivery start-up PharmEasy declared it would acquire a 66.1% stake in diagnostic chain Thyrocare Technologies Ltd. PharmEasy’s parent company, API Holdings Ltd., confirmed the “signing of definitive documents” for a deal worth Rs. 4,546 crores in an official statement on Friday. DocOn Technologies Pvt. Ltd., a subsidiary of PharmEasy’s parent …
A Brief Overview The 2nd wave of the Coronavirus pandemic wreaked havoc on the Indian economy which up until its onslaught, was beginning to witness an upturn. The re-imposition of lockdowns across the country, however, meant that all forms of commerce and economic activity reduced their pace of operations which adversely affected their returns as well …
Ever since the Covid-19 pandemic broke out in India and the subsequent national lockdown imposed in March 2020, India has experienced a second and severe wave of the pandemic. The second wave has now all but receded, and several states and key cities in the country have begun unlocking activities. What has the economic impact …
Everyone has a dream, but there is one dream common for everyone – a peaceful retired life! Especially when the stress levels of work have increased significantly most want to get financially independent and enjoy a good peaceful life. No wonder when we set up a financial goal – retirement planning is considered the most …
On 18 June 2021, HDFC Bank declared a dividend of Rs. 6.5 per share (650% on the face value of Re. 1) for the year ended 31 March 2021. However, the proposal is up for shareholders’ approval at the Annual General Meeting scheduled on 17 July 2021. If shareholders approve this recommendation, the expected date …
The glimpse provided in the Union Budget of the financial year 2021-22 is now on the verge of realisation – NITI Aayog has submitted its report containing the name of two banks ready for privatisation. In her Budget speech, the honourable Finance Minister, Nirmala Sitharaman, reflected on the government’s plan to privatise two public-sector banks …
Paytm is obtaining stakeholders’ approval to liquidate nearly Rs. 120 billion in new stock. If the Indian digital-first payments firm gets the nod from shareholders, this could turn into South Asia’s biggest IPO to date, worth a whopping $1.6 billion. This firm has the backing of Japan’s SoftBank (18.73%), Elevation Capital (17.65%), and China’s Alibaba …
