The Reserve Bank of India announced on Monday it would carry out the first purchase of government securities worth Rs. 20,000 crores on 8 July. It is a part of its G-Sec Acquisition Programme (G-SAP) to support a post-pandemic market, announced earlier this year. On 4 June, the RBI Governor Shri Shaktikanta Das announced regarding …
Zomato, the food delivery behemoth, filed for approval from the Competition Commission of India to acquire a 9.3% stake in Grofers, the grocery delivery company. The $120 million investment will come from Zomato and its investor Tiger Global, of which Zomato will contribute the lion’s share. Some key highlights Along with a 9.3% stake, Zomato …
The reports of Covid-19 resurgence in some Asian countries have worried investors, and as a result, Asian stocks slumped on several exchanges. Several Asian stock markets reported the stress is mounting as virus spread rises. Several countries in Asia have reported rising cases of Covid-19 infection, disrupting the market. In Japan, stocks slumped in the …
The Petrol and Diesel prices in India are witnessing record-high levels amidst the economic slowdown caused by the pandemic. All the Indian cities currently are charging above Rs.90 per liter of petrol, wherein some like Bangalore, Bhopal, Hyderabad, Jaipur, and Mumbai have crossed the Rs.100 per liter mark. Diesel prices are also running above Rs.80 …
A Brief Overview Presently, those involved in independent directorial roles are required to make an investment amounting to one percent of what the amount raised via a New Fund Offer (or NFO) would be, or invest an amount of INR 50 Lakhs. The independent director is required to pay whichever of the two amounts falls …
Reliance recently conducted its 44th Annual General Meeting and astounded the shareholders with several big announcements. From introducing a new, international director on the board to the development of a covid-fighting drug, strategic partnerships with tech giants like Google and Facebook, and introducing the world’s most affordable smartphone. However, the announcement that attracted the most …
The Reserve Bank of India regularly conducts Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH). On 27 June 2021, it released the July 2021 round of these surveys. What are CCS and IESH? CCS seeks qualitative feedback from respondents on their sentiments on households’ income and spending situation, price level, employment opportunities, …
The Government of India will formulate a new policy to streamline the approval process of public-private partnership (PPP) initiatives. This new policy will help speed up the process of public and non-public partnership projects gaining clearance. Nirmala Sitharaman mentioned this new policy in her announcement of several fiscal measures on Monday. She said that the …
On 28 June Monday, Nirmala Sitharaman announced a slew of new economic measures to revive an economy tattered by COVID-19. She presented a 7-point relief measure that included financial assistance for different sectors. 7 relief measures announced by the GOI 1. Loan guarantee scheme of Rs. 1.1 lakh crores for coronavirus-affected sectors Under this announcement …
Bank of Maharashtra received the approval of its shareholders to raise up to Rs. 5,000 crores in equity capital on Thursday. It will allow the bank to obtain capital through several means, including preference issue and right issue. Per reports, the shareholders okayed the bank’s proposal in its annual general meeting, which was conducted virtually …
