The recently released subscriber data by the Telecom Regulatory Authority of India (TRAI) shows that Bharti Airtel, Reliance Jio and Vodafone Idea added subscribers for the month of February. However, Bharti Airtel has managed to lead the market in terms of active subscription base by adding 3.7 million active subscribers in February. While Reliance Jio’s …
Mention ITC amidst a gathering of stock market enthusiasts and you would most likely find yourself swooped upon by fanboys of the stock touting it as the next big multi-bagger that is all set to deliver stellar returns to its shareholders. To be fair to the FMCG company, ITC has indeed delivered well on that …
Overview – The conflict between Indian institutions and foreign investors is still going on, with the former continuing to buy while the latter remained net sellers on the stock markets. In the first week of May, foreign investors withdrew Rs. 5,936 crores from domestic equities, fearful of a second wave of pandemic infection and its …
Over the course of the last few years, the central bank has opened a war front against private cryptocurrencies in India. RBI governor Shaktikanta Das has stated publicly that the RBI has concerns regarding cryptocurrencies and the same have been flagged and pointed out to the Finance ministry. Quite recently, reports surfaced in the media …
Economic activity has slumped in the wake of the second wave of the Covid-19 pandemic. Animal spirits that seemed to be on revival in the first three months of this year, once again, took a beating and are now nearly moribund. Revenues of not just listed large corporations but also hole-in-the-wall shops and mom-and-pop stores …
The scourge of the second wave of Covid-19 keeps buffering not only the everyday lives of millions of Indians but is also increasingly threatening the economic resilience of India’s export sector. Demand stemming from US & UK Compounding matters further for India Inc is that the second wave that has hit India at a time …
India recorded more than four lakh new fresh Covid-19 cases on Wednesday and registered more than 900 deaths, its highest ever increase in cases. Even as the second wave spreads across the states, the stock markets in India have not crashed like the fall of March 2020. Although since mid-February this year, the Nifty 50 …
Overview Government bond yields fell below the psychologically significant 6% mark on Wednesday, following the central bank’s announcement of a Rs 35,000-crores bond buyback programme as part of its new pandemic-relief package. Bond dealers, on the other hand, are wary of the rally’s long-term viability, considering the federal government’s and states’ massive borrowing programmes. Bonds …
There is no respite for cryptocurrency holders in India. Unofficial estimates by three major cryptocurrency exchanges put the total number of crypto investors to anywhere between 60 lakhs to a crore with holdings crossing a whopping Rs 10,000 crore. Despite their strong and thriving presence, the Reserve Bank of India seems dead set on pulling …
Oil continued to hold gains on Wednesday and seemed to consolidate its seven-week high on hopes that two major markets- the US and Europe will kickstart steady consumption soon. The hope comes on the back of efforts of the two economies to reopen on a larger scale and bolster vaccination efforts. Steady reopening of major …
