Life Insurance Corporation of India, the country’s biggest insurance provider, is finally filing its DRHP to initiate IPO proceedings. A Finance Ministry official has confirmed that the insurance behemoth will submit its papers in November 2021, and the IPO is expected to be wrapped up by the end of this fiscal year. The initial public …
An Overview Changes to the auto debit rule enforced by the Reserve Bank of India (RBI) will take effect on October 1. Customers who use their debit card for recurring transactions will benefit the most from the adjustment. All standing instructions on cards will be ignored after the revisions. What will the modifications entail? All …
An Overview Increased software services revenue and inward contributions from diaspora Indians overseas enabled the current account in the balance of payments to end in a positive for the quarter ended June’21, countering a significant increase in the petroleum import tariff. In addition, the economic slowdown brought on by the 2nd lockdown during the quarter …
On Thursday, the Comptroller and Auditor General of India (CAG) announced numbers relating to the fiscal deficit for the period starting from 1st April 2021 up to August 30, 2021. Out of the total fiscal deficit planned for the whole year, April to August total reached only close to 31% as per the reports. In …
India is well on its way to becoming one of the leading markets in terms of the fintech landscape, with more than 2100 fintech firms in operation, according to a statement made by the country’s Commerce and Industry Minister at the Global Fintech Fest 2021. What exactly is fintech? Fintech is the intersection of technology …
As per ET Intelligence Group, whistle-blower complaints in India’s leading companies have fallen by more than a quarter in FY2021. An analysis of annual reports of nearly half of Nifty-50 companies revealed that these companies received a total of 3902 whistle-blower complaints during 2020-2021, down 27% year-on-year. In addition, the study found that the number …
On Wednesday, 29 September 2021, private sector financial institution IndusInd Bank declared the acquisition of 50,00,000 pledged McLeod Russel India Ltd. (MRIL) shares. These 50,00,000 shares comprise about 4.79% of McLeod Russel’s paid-up capital in terms of equity shares. Ichamati Investments Ltd had earlier pledged MRIL’s equity shares to IndusInd Bank to secure the tea …
India’s capital market regulator SEBI is now receiving applications from foreign funds to postpone its move to the T+1 settlement cycle. Three prominent fund lobby groups, Asian Securities Industry and Financial Markets Association (ASIFMA), Investment Association of UK, and Hong Kong-based Traders Forum, have sent a joint letter to the Chairman of SEBI, Mr Ajay …
Humans have learned to adapt and live a decent life over the years. What was considered impossible a century ago is considered to be impossible to live without now. India is a developing country, and the proof of the same is seen in the drastic increase in the life expectancy of Indians. While the life …
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 …
