An Overview Last week, the finance minister said that the government will back securities issued by NARCL to acquire bad loans worth Rs. 2 lakh crore with a total of Rs. 30,600 crore in government guarantees. She said that NARCL will buy these loans that are completely guaranteed by banks, reducing problematic loans on banks’ …
The telecom sector will soon witness its second series of reforms, which will focus on creating and empowering mobile phone operators so as to touch the farthest corners of India and expand abroad, according to news reports citing statements by the Cabinet minister for IT and railways. The minister also noted that the pricing of …
An Overview Because of internal reasons such as increased rates on government securities and a higher cut-off established by the central bank at a reverse repo auction amid poor demand from investors, yields on corporate bonds, T-bills, and commercial papers are up 5-15 basis points across tenures. Bond yields in the United States have a …
An Overview The International Monetary Fund warned on Friday that the introduction of digital currencies in emerging areas might lead to the “cryptoization” of local economies, eroding exchange and capital regulations, and disrupting financial stability. According to U.S. blockchain researchers, bitcoin and other coins have skyrocketed in price and popularity in the previous year, with …
Global investment fund, The Blackstone Group, reduced its stake in Embassy Office Parks REIT by 6%. Earlier, Blackstone had a stake of 38%. Presently that has reduced to 32%. Blackstone took this step to monetise some of its investments. The sale of these units was made in the open market via block deals. Check out …
Ami Organics made an impressive stock debut as its shares got listed on the bourses at a 49% premium. Since listing, the share price of this Surat-based specialty chemical manufacturer has surged 84% from its IPO issue price of Rs. 610 per unit. Moreover, on 15 September 2021, Thursday, Ami Organics share price surged 20% to …
An Overview According to reports, the government is considering allowing foreign institutional involvement of up to 20% in Life Insurance Corporation. The government expects to generate up to Rs. 900 billion from the stake sale, which will make it India’s largest ever IPO. The decision will make it easier for the government to raise funds …
Surge in FPI inflows Foreign portfolio investors (FPIs) were net buyers in domestic markets in the month of August, the overwhelming majority of which was in the debt instruments. They put in just 2,082.94 crore in equities, while they put in 14,376.2 crore in debt between August 2-31, according to depositories data. So far this …
An Overview Shares of Reliance Industries (RIL) set a new all-time high of Rs 2,477.70 and are up 4% on the BSE in early morning sessions on Monday. After market hours on Friday, the company announced that its subsidiary had purchased a majority stake in Strand Life Sciences Pvt Ltd’s genomic testing business for Rs …
Surge in exports Merchandise exports increased 45.8 percent year on year to $33.3 billion in August, owing to a favourable base, greater order flow from western markets, and higher global commodity prices. Exports also increased by 28 percent over the pre-pandemic (similar month in 2020) level, as advanced countries’ rebound boosted demand for goods. According …
