The Reserve Bank announced on Wednesday that on March 18, 2020, it will conduct simultaneous purchases and sales of government securities worth a total of ten thousand crores under Open Market Operations (OMOs). RBI said in a statement announcing the special OMO that the decision was made after an analysis of existing liquidity and financial …
Overview From being permitted to operate at full capacity in February to being forced to close their doors on April 14, Indian cinemas are once again dealing with confusion. With most theatres expected to remain closed until May 15 in most parts of the nation, the outlook for the entire film industry, which relies heavily …
Overview Rahul Bajaj, the chairman of Bajaj Auto, resigned from his executive position on Thursday, April 29. With effect from May 1, 2021, Niraj Bajaj, a non-executive director of the company, will take over as Chairman of Bajaj Auto, succeeding Rahul Bajaj. Rahul Bajaj has submitted his resignation as non-executive Director and Chairman of the …
India’s startup unicorn Zomato filed a draft with SEBI for India’s largest IPO so far worth USD 1.1 billion (Rs 8,250 crore), ushering a new age into India’s market. According to reports, the company will issue fresh shares worth Rs 7500 crores when its major stakeholder Edge India offloads stakes of Rs 750 crore. The …
The sensex jumped over 600 points in early trade on Thursday to breach the 50k mark after nearly a month. Sensex had last touched 50k on April 1st, followed by a steady slide triggered by a devastating second wave of coronavirus across India that has seen daily cases cross the 3.8 Lakhs mark. The benchmark …
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 …
