Uttar Pradesh is the most populous state of India – if UP lags behind in any socio-economic indicator, India cannot fare too well in that indicator either. Therefore, it is imperative that there is adequate capital coming in to both give assistance to the UP economy as well as to enable establishment of enterprises and …
Live Update: During the live updates of the Reserve Bank of India’s monetary policy for 2023, the governor, Shaktikanta Das, gave a speech in which he stated that although inflation is predicted to decrease in the next fiscal year, it may still exceed the target of 4%. He also indicated that additional monetary policy measures …
Hindenburg report led to a sharp decline in Adani shares The Hindenburg report – the rippling effects it caused led Adani Enterprises to call off ₹20,000 crores FPO. Adani Enterprises stocks suffered a massive loss of 28.45% on February 1, 2023, closing at ₹2,128.70. Following the event, Adani Group announced to call off their ₹20,000 …
When we were young, our elders often told us the story of the man who put all his eggs in one basket. If you’re unfamiliar with the story, it goes something like this: A farmer has a coop with plenty of hens who each lay a single egg. While collecting their eggs, the farmer gathers …
The government noted on 7th January, 2023 that it had received several EOIs (or Expressions of Interest) for the disinvestment of its stake (as well as that of the LIC) in the Industrial Development Bank of India. The announcement was made, including through a tweet, by the Department of Investment and Public Asset Management. The …
Increase in Nifty The Nifty50 has reached a record high of ₹18,614.25 at around 13:45 hrs on 28th Nov, 2022. The NSE index had opened at ₹18430.55 – its day’s low has so far been at ₹18,365.60. Fig. 1: Nifty chart on Angel One app Subsequently, Nifty call options have increased in price in the …
Introduction India’s largest software consultancy services exporter Tata Consultancy Services (TCS) has released its Q2 report card for the period ending in 30th September, 2022. The report shows the company’s performance to exceed all expectations with an increase in revenue from operations of 18% YoY, standing at ₹55,309 cr – much higher than the ₹46,867 …
Social Stock Exchange is slowly evolving as a potential funding mechanism for a lot of non-profit organisations. In India, many NPOs face trust deficits which prevent them from doing many social activities. SSE was introduced to reduce this problem so that NPOs face fewer challenges to operate. SSE is formed with the intent to give …
Though in the month of September we saw a rise in Nifty Auto stock, however, in the month of November, it has gone down marginally. In the month of September, it reached an All-Time High of 13,315.50. In the month of November, it has come down to 12,934.85. For those of you who would like …
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated the dematerialisation of a new insurance policy by December 2022. The existing/old policies should also be mandatorily dematerialised by 2023. It has been stated by the IRDAI that eKYC will also become mandatory starting from Nov 1. This will additionally be helpful for dematerialising …
