Retail gold prices have been seeing some sparkle in the recent past as they shot up to Rs 50,160 per 10 grams (24 carat) and Rs 46,000 per 10 grams for 22-carat gold in Mumbai on Friday. Earlier on Thursday, gold prices stood at Rs 48,534 per 10 grams, an increase of Rs 357 in …
Overview IRDAI has permitted insurers to invest a portion of the investment in their “Fund of Funds” (FoF). FoF is a pooled fund that invests in other Alternative Investment Funds (alternative investment funds) into which some of its investment funds have already been approved by insurers. Insurers can diversify their investment to a secure and …
An Overview of Top NBFCs’ Strategy In the next six months or even one year, many other non-banking financial companies (NBFCs) are expected to lift stocks to access robust markets for money. NBFCs can scout for funds through a variety of paths, including initial public offers (IPOs), capital markets (QIPs) and commercial foreign bonds (ECBs). …
Overview Although the stock market’s lack of response to the disruptive pandemic waves has been perplexing, the Indian government has urged local governments to take more focused and localised containment steps to avoid a large economic effect. For the week ending May 23, the Nomura India Business Resumption Index (NIBRI) fell to 60 from 63 …
Overview The proposal to combine the 12 percent and 18 percent GST slabs into a single rate that will apply to most products is likely to be postponed, while the GST reimbursement cess on items like automobiles could be extended. The GST Council meeting on Friday is expected to address a number of concerns raised …
Overview In the first week of May, Foreign Portfolio Investors (FPIs) removed Rs. 5,936 crores from Indian stocks, citing concerns about the large second wave of the pandemic and its economic implications. According to depositories’ numbers, overseas investors withdrew a net sum of Rs. 5,936 crores from Indian stock markets between May 3 and 7, …
Even as the pandemic struck India in 2020 and there was an economic slowdown, foreign direct investment into India was unabated. In the financial year 2020-21, the overall FDI inflows hit a new peak of $43.366 billion, beating the earlier record of $43.013 in the previous financial year. The data, released by the Reserve Bank …
An Overview of Morgan Stanley’s Report According to Morgan Stanley’s latest report, Indian equities are expected to outperform their emerging market (EM) peers in 2021, with bets on domestic cyclical stocks leading the way, led by rate sensitives. For the time being, the research and broking house has kept its December 2021 goal for the …
An Overview of the Purchases Made India’s central bank chose to purchase a number of sovereign papers amounting collectively to a value of INR 34,175 Crores between April 22 and May 4, 2021. These purchases were made in order to offset borrowing costs and bring them down. This was necessary since there a high probability …
An Overview The Indian stock markets saw positive action owing to the fact that equity benchmarks saw themselves account for the best one-day gains in over a month. This rise in value is owed to the boost provided by India’s biggest lenders. If we examine the S&P Bombay Stock Exchange (or BSE’s) Sensex, it saw …
