S&P Global Ratings have retained India’s sovereign rating to BBB-, but with a stable outlook. The US-based credit rating agency mentions that, even though growth risks are rising, India’s economy and fiscal position will start to recover from the current financial year onwards. S&P forecasts the real GDP growth to rebound to 9.5%. S&P’s affirmation …
According to a report from SaaSBOOMi, India’s SaaS (Software as a Service) firms are about to reach $1 trillion in valuation by 2030. Moreover, they will contribute to nearly half a million job creation in India. SaaSBOOMi, a community of industry founders and project leaders, in collaboration with McKinsey and Company and NASSCOM, has compiled …
The Federation of Automobile Dealers Associations’ (FADA) June 2021 report mentions a YoY increase in total vehicle sales by 22.6%. However, this figure is short by 28% compared to the vehicle sales of June 2019. Auto retail sales hike – a closer look While automobile dealerships across the country are still not fully operational due …
Cryptocurrency is a digital or virtual currency that uses cryptography or blockchain technlogy to secure online transactions. These are not government regulated currency but based on online trading value that depends on crypto market. Crypto tokens are are not accepted as an substitute of real currency, and thus, one must exchange them for real money …
From being debt-ridden in 2007 to envisioning a net debt-free company profile by 2023-24, Tata steel has come a long way in the last two decades. The steelmaker struggling with mounting debt of $6 billion from a failed acquisition managed to reduce its total debt by 28% in the first quarter of FY21. What caused …
The US stock market is one of the largest stock exchanges in the world. It is home to some of the world’s leading companies that are a part of our day to day life like Amazon, Apple, Google, Facebook and more. The US GDP is around 15% of the world’s GDP and the US stock …
The markets continue their bull run, with the benchmark index, Sensex, closing at 53,000 levels for the first time on Wednesday, gaining 0.37 per cent or nearly 194 points. The markets came back into positive territory post noon followed by a rally in metal stocks and banking and financials. Foreign institutional investors (FIIs) turned net …
Pandemic-related restrictions have impacted the paper and products industry severely. With the closure of educational institutes and the increasing adoption of work from home, there has been a significant drop in paper demand. Accordingly, this affected the prices of paper and paper products, which subsequently impacted the industry’s earnings. Nevertheless, on July 7, paper manufacturing …
An Overview of Monday’s Fake Surge On Monday, derivative traders on the National Stock Exchange (NSE) were sent into a frenzy when Nifty index futures soared 805 points, or more than 5%, within seconds of the opening bell, despite no equivalent move in the underlying cash market. The Nifty futures (current month expiry) achieved a …
A Brief Overview The price of gold has witnessed a surge within a limited time frame as is evident from the fact that gold rates across the globe have consistently hovered near a 3-week high. This scenario was aided by a fall in U.S. Treasury yields. Examining the Scenario Tuesday saw the prices of gold …
