The much-awaited economic package of the government has led MSMEs to heave a sigh of relief amid the growing tensions of economic slowdown in the coronavirus crisis. The relief package is expected to infuse fresh life into the country’s micro, small and medium enterprises (MSMEs), which account for almost 30 percent of the national GDP …
After two extensions to the COVID 19 lockdown in India, the Union Finance Minister Nirmala Sitharaman announced a special economic package of 20 lakh crores in a statement made on the 14th of May. It was the second in a line of measures by the Union Government and the Reserve Bank of India to stimulate the …
After picking up on Wednesday, the benchmark equity indices on Thursday posted a steep loss. It happened after Finance Minister (FM) Nirmala Sitharaman announced the directives of the first round of 20 lakh crore stimulus package that Prime Minister Narendra Modi announced on May 12th. Indian economy is under extended lockdown following COVID-19 outbreak from …
The Prime Minister on 12th May announced 20 lakh crore economic revival package as post lockdown plan to set industrial wheels churning again. The market welcomed the news with great enthusiasm and termed it as right approach to convert this present crisis into opportunity. PM Modi’s new deal on stock market : Received positive reaction …
It seems there is no shortage of excitement for the Indian investors as big news are coming almost daily. After Reliance held investor’s interest for three weeks, it’s now time for mining giant, Vedanta to grab the limelight. The company has decided to delist itself from Indian bourse (stock market) on May 11th. The news …
Mukesh Ambani led Reliance Group (RIL) has decided to become debt-free by March 2021, and it seems like the company is moving steadily towards its goal. Recently, it has raised $8 billion in foreign investment in deals with Facebook, Silver Lakes, and Vista PE, and now it declared the rights issue for its existing investors. …
India’s love for gold is phenomenal. Since ancient times, it has remained the country’s favourite choice as an asset and investment. In society, how much gold one holds is an important determinant of one’s social and economic status. Although with time, preference for investing in physical gold has declined, it has never lost its sheen …
Silver Lake buys stake in Reliance Jio Days after social media giant Facebook bought a stake in India’s largest telecom company, Reliance Jio, an American private equity giant Silver Lake Partners has invested Rs 5,655.75 crore in Jio Platforms. Post the deal, Jio Platforms, which is a digital unit of Reliance Industries Ltd (RIL) will …
As commodity exchanges throughout the world battle the unprecedented impact of coronavirus, India exchanges have not remained untouched with the ongoing fiasco. Commodity traders all over the world will never forget the day when crude oil prices fell below zero for the first time in history. That sent everyone into a panic and some brokers …
Earlier this month, the US benchmark crude oil prices turned negative for the first time in history, sending shockwaves across global energy and financial markets. Ahead of the expiry, May futures for US crude oil WTI closed at $37.63 a barrel. The negative prices led the commodity exchange, MCX, to settle crude oil contracts at …
