An Overview According to the FICCI Manufacturing Survey for July-September, the outlook appears to have improved markedly in Q2 after a weak Q1. The percentage of responders reporting increased output in the second quarter of 2021-22 was much above 50%, at roughly 61%. This was much higher than the same percentage in the second quarter …
Rapid recovery “The pandemic impacted the country, but the recovery has been faster than the damage.” Prime Minister Narendra Modi said on Saturday. “Covid-19 had an impact on economies all across the world, including India’s. But our economy has made a strong comeback,” Modi remarked at the Sardardham Bhavan’s opening in Ahmedabad. The Prime Minister …
On Monday, 6 September 2021, the IT major Infosys announced that it had almost completed its shares buyback program. Earlier, the Infosys board had approved an Rs. 9,200 crores buyback program to commence from 25 June, buying back shares at a maximum price of Rs. 1,750 apiece. The buyback committee will meet again on 8 …
2020 saw the stocks of Pharma companies rise as the pandemic struck India. This has led to the Pharma sector recovering from its earlier stagnant performance. Presently, in 2021, it continues to be one of the best-performing sectors. Moreover, Pharma companies have been doing well as the demand for immunity boosters and life-saving drugs takes …
HDFC Life Insurance Company has decided to convene an extraordinary general meeting (EGM) on 29 September 2021, seeking shareholder’s approval for the Exide deal. Under this Rs. 6,687 crores deal, HDFC Life, will acquire 100% share capital of Exide Life after paying the promoter Exide Industries Rs. 725.98 crores in cash. This EGM will be …
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 6% intraday on 6 September 2021. The company’s shares crossed the Rs. 3,000 mark, hitting a new all-time high of Rs. 3,041.20. Moreover, experts suggest that the shares can continue to hit new records and may even touch Rs. 5,000 per stock levels in the …
India’s central bank, the Reserve Bank of India (RBI) has now extended tokenisation to include card-on-file (COF) data when its new rules on data storage will come into effect starting January 2022. According to an RBI statement dated September 7, 2021, the device based framework would now be extended to card on file tokenisation and …
The apex bank of India, RBI, announced on Wednesday that the country’s holding of the IMF’s SDR has increased significantly. Currently, India has a threshold of SDR 13.66 billion, which is $19.41 billion, per the exchange rate of 23 August 2021. According to the reports by the Reserve Bank of India, the IMF allocated SDR …
While we have already discussed the under performance of Realty companies, real estate companies have also failed to execute large and ambitious projects. If we take a look at the past few large projects like Lavasa (HCC), Sahara City and few others like large projects from Unitech and Jai Prakash Associates not only created doubt about …
Maruti Suzuki India has got its own place in the Indian automobile segment. And why not everyone has their own story to tell about their Maruti vehicle. It was natural, as there was an era when people used to ask – Kab Le Rahe Ho Apni Maruti? This indicates whenever someone was planning to buy a …
