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 …
The much-anticipated GDP growth numbers for the first quarter of fiscal 2022 released on August 31 shows that India’s growth has risen to 20.1 per cent for the quarter on a low base of last year. This is reportedly India’s best GDP growth on a quarterly basis. In the same quarter of the earlier financial …
An Overview The MSCI India index, which is used by global fund managers to judge the performance of Indian stocks priced in dollars, trades at an 80 percent premium to the MSCI EM index, which reflects emerging market (EM) equities, according to Bloomberg statistics. It is substantially greater than the 44 percent long-term average premium. …
Aptech, a leading vocational training and skill development organisation, has reached a new 3-year high on the bourses. The company has rallied to as high as Rs. 304 on BSE on this Tuesday’s intra-day trading. This happened a day ahead of the company’s scheduled board meeting to launch a new line of business. Aptech announced …
On 31 August 2021, Tuesday, HCL Technologies shares recorded a new high of Rs. 1,193.15, surging 3% on the BSE during intraday trade. This rise in stock price materialised immediately after the company announced that it would be allocating $1.25 million to Series A preferred stock of Austin GIS via its subsidiary, HCL Bermuda Limited. …
Bharti Airtel shares touched a new high at Rs. 652 as the stock rallied 5% on Bombay Stock Exchange in intra-day trade this Tuesday, 31 August. This followed after the company managed to garner the interest of high-profile investors and companies, especially because of its diverse business. Previously on 16 August 2021, Airtel had reached …
An Overview Sunil Mittal, the cellular carrier’s founder and chairman, said on Monday that the company sought to strengthen its access to growth capital and lower its debt load, a day after the company disclosed intentions to raise up to Rs. 21,000 crore through a share sale to existing shareholders. Mr Mittal stated that the …
An Overview According to the share market’ association ANMI, switching to the T+1 settlement mechanism will turn India into a pre-financing market, with several issues for global institutional investors. Trades on Indian stock exchanges are currently settled two working days after the transaction is completed. The news comes amid allegations that the Securities and Exchange …
An Overview Companies ranging from Facebook to Xiaomi are vying for a piece of India’s digital financing market, which is expected to be worth $1 trillion by 2020. This month, Facebook said that India would be the first country to implement its small business lending programme, which will provide loans to companies that advertise on …
Even as the Indian equity markets scaled fresh peaks, the market capitalisation of companies in the BSE universe touched an all-time peak of Rs 247.30 lakh crore. Also, investors have added a collective Rs 5.76 lakh crore to their wealth through the rally over three days. The BSE benchmark index, Sensex on August 30, surged …
