Coal India, the government-owned mining and refining corporation, announced the plan to reduce its workforce by 5% every year in the coming 5 to 10 financial years. It will close its unviable mines as well in this due tenure. This news came just a day after Coal India Limited registered a 23.9% deficit in its …
Despite a strong domestic equity market, Indian Rupee plunged to a 1-month low against US Dollar. It fell for the sixth consecutive day as increasing oil prices were factored into the currency. The Indian Rupee lost 51 paise in the last six trading sessions; whereas, there has been a loss of 86 paise in total …
Everybody wants to win in the stock market, yet 95 percent of traders lose money. Why? Investing in the stock market isn’t an easy task. If you invest carefully, you can grow your wealth by leaps and bounds. But similarly, there are also a thousand ways to lose your hard-earned money in trading. As investors, …
It was in November 2019 when the Reserve Bank of India raised the red flag against the NBFC Dewan Housing Finance Limited (DHFL) after the mortgage lender failed to meet a number of payment obligations. India’s banking regulator also raised a number of governance concerns within DHFL, superseded its board of directors and initiated insolvency …
On June 11, Friday, the benchmark index, Sensex touched 52,641.53 points, a record intraday peak, before settling at 52,474 at closing. The Nifty also closed a tad under 15.8 k levels. Foreign portfolio investors (FPIs) were net buyers, investing Rs 18.64 crore on June 11, while domestic institutional investors (DIIs) also bought shares worth Rs …
An Overview of Recent Events The accounts of three foreign funds — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — have been frozen by the National Securities Depository Ltd (NSDL), which together possess approximately Rs. 43,500 crores in shares in four Adani Group companies. According to the depository’s website, these accounts were frozen …
An Overview In the midst of the second wave of pandemic, the leading stock exchange – BSE reached a milestone of seven crore registered users based on Unique Client Code (UCC) on Monday. The BSE said in a statement that the transition from 6 crore to 7 crore users took only 139 days, compared to …
An Overview On Friday, the RBI’s six-member Monetary Policy Committee is expected to keep the policy rate unchanged and retain its accommodative posture. While the policy stance is likely to remain growth-oriented, after the economy contracted by 7.3 percent in FY21, the lowest in four decades, all eyes will be on the RBI for any …
Overview The Securities and Exchange Board of India (or SEBI) has permitted fund houses to increase the value of investments they make per mutual fund via overseas exchange-traded funds. This means that fund houses are now capable of investing USD 300 million per mutual fund, which exceeds the current limit of USD 200 million. The …
Oil prices shot up to two-year peaks on June 1, as Brent crude traded a little over $70 per barrel. The last time prices breached the $70 mark was in March when Brent inched over $71 for a brief while. Oil futures too traded at this level last in 2019, much before the Covid-19 pandemic …
