Gold touched an over three-month peak on Tuesday even as investors in exchange-traded funds have shown positive interest in the yellow metal. Further, rising inflationary pressure and a weakened US dollar have added to the appeal of gold as a hedge option. The dollar was hovering close to lows of many months against European currencies, …
Overview Gold has always been significant in India, as it has been used as a symbol of opulence at weddings and festivals. Thanks to the metal’s scarcity, gold has developed into an ideal shield for uncertain markets over time. Gold prices have been steadily rising in recent months and in light of Akshaya Tritiya, it …
India has been seeing a retail investor boom when it comes to the stock market ever since the first lockdown was imposed in the wake of the coronavirus pandemic. According to data from the National Stock Exchange (NSE), 90 lakh people have joined the legion of retail investors during the fiscal year 2021. Bombay Stock …
Tesla CEO Elon Musk is no stranger to courting controversy on Twitter. On May 1 last year, he took Tesla shareholders by the storm and declared that the “Tesla stock price is too high imo”. Not surprisingly, the stock collapsed and Tesla shareholders wailed at the entrepreneur billionaire soon after. Yesterday, another of Musk’s tweets …
Overview of Godrej Consumers Sudden Surge Thanks to a shift in leadership, investors and traders trading in the shares of Godrej Consumer Products Ltd has been filled with optimism. Sudhir Sitapati will be appointed managing director and chief executive officer of the company on October 18 for a five-year term. Sitapati’s rich experience of more …
Oil inventories that had piled up during the pandemic in 2020 have now come back to normal levels, according to the International Energy Agency (IEA) but the agency has slashed its demand growth forecast for the first half of the year. The IEA has slashed Indian demand estimates for the second quarter and also noted …
Overview of India’s Status The devastating pandemic crisis in India is making investors doubt more than ever whether a country projecting itself as a potential economic powerhouse still needs to be classified as ‘investment grade’ despite years of debt accumulation and uneven reform progress. The severity of the current virus wave is rattling the major …
The declaration by Finance Minister Nirmala Sitharaman in her budget speech signalling her intent to privatise two public sector banks has kickstarted an upward run in the shares of several lenders. Bank stocks like the State Bank of India, Canara Bank, PNB and Bank of Baroda have attracted a lot of trading interest in the …
Before the second Covid wave hit India, three international organisations were gung-ho about India’s economy overcoming the odds in its path and registering double-digit growth. Organisations forecasting strong growth for India included the likes of the Asian Development Bank, the International Monetary Fund and the World Bank. The Economic Survey of FY21 also went to …
Overview of the impact on the industry During the first wave of the pandemic last year, rural India helped to cushion the consumer goods market. This time, a severe second wave of the virus may make that impossible. Due to local lockdowns and a shortage of staff for last-mile distribution in rural areas, demand has …
