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 …
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 …
A host of new-age tech companies are lining up to launch initial public offerings as the Indian economy moves on the path of recovery post a pandemic ravaged year. After Zomato filed for an Rs 8250 crore public offer, another tech startup, CarTrade, prepares to file a draft with SEBI this month. It will be …
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 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 …
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 …
Will insurance firms be allowed to invest in debt securities issued by real estate or infrastructure investment firms? The answer is yes. News reports suggest that the Insurance Regulatory and Development Authority (IRDA) is planning to permit such investments in a bid to boost REIT and InvIT investments attractive. What are REITs and InvITs? It …
India’s economy is out of a technical recession and returns to the growth path in the third quarter of FY 2020-21, with a 0.4 per cent increase in the Gross Domestic Product. This comes on the back of a huge 24.4 per cent contraction in the June quarter, following a pandemic-associated lockdown. The September quarter …
As the second wave of Covid infections grip several states in the country, what does it look like for the retail sector? In February, as Covid infections dropped from the September 2020 levels, the Indian retail sector heaved a sigh of relief as sales figures came in. The Retail Business Survey showed that February sales …
April is the time for all companies to not only understand the performance of companies but also the time for companies to share the amount of stake their shareholders own in the company. Rakesh Jhunjhunwala commonly known as the Warren Buffet of India has raised his stake in Fortis Health from 3.97% in Q3 to …
