International ratings agency Fitch Ratings has said that the second wave of Covid-19 infections in India may not impact the economy as severely as last year but rings a note of caution when it observes that risks to the country’s financial institutions have increased. It adds that the second wave may sap near-term momentum of …
Businesses and companies across India have gone through unique ups and downs ever since the outbreak of the novel coronavirus in 2020. However, India’s FinTech industry has emerged as a game-changer amid the pandemic. With more than 2100 FinTech companies in the country, the industry is estimated to be worth $50-$60 billion at present. Undeterred …
Several Public Sector Banks rank quite high when it comes to holding toxic assets on their books. Additional pressure piling on to a swathe of commercial, industrial and retail loans because of the first and the second lockdown has dampened the lending sentiment and increased the quantum of non-performing assets in the ecosystem. The balance …
The recently released subscriber data by the Telecom Regulatory Authority of India (TRAI) shows that Bharti Airtel, Reliance Jio and Vodafone Idea added subscribers for the month of February. However, Bharti Airtel has managed to lead the market in terms of active subscription base by adding 3.7 million active subscribers in February. While Reliance Jio’s …
Mention ITC amidst a gathering of stock market enthusiasts and you would most likely find yourself swooped upon by fanboys of the stock touting it as the next big multi-bagger that is all set to deliver stellar returns to its shareholders. To be fair to the FMCG company, ITC has indeed delivered well on that …
Overview – The conflict between Indian institutions and foreign investors is still going on, with the former continuing to buy while the latter remained net sellers on the stock markets. In the first week of May, foreign investors withdrew Rs. 5,936 crores from domestic equities, fearful of a second wave of pandemic infection and its …
Over the course of the last few years, the central bank has opened a war front against private cryptocurrencies in India. RBI governor Shaktikanta Das has stated publicly that the RBI has concerns regarding cryptocurrencies and the same have been flagged and pointed out to the Finance ministry. Quite recently, reports surfaced in the media …
Economic activity has slumped in the wake of the second wave of the Covid-19 pandemic. Animal spirits that seemed to be on revival in the first three months of this year, once again, took a beating and are now nearly moribund. Revenues of not just listed large corporations but also hole-in-the-wall shops and mom-and-pop stores …
The scourge of the second wave of Covid-19 keeps buffering not only the everyday lives of millions of Indians but is also increasingly threatening the economic resilience of India’s export sector. Demand stemming from US & UK Compounding matters further for India Inc is that the second wave that has hit India at a time …
India recorded more than four lakh new fresh Covid-19 cases on Wednesday and registered more than 900 deaths, its highest ever increase in cases. Even as the second wave spreads across the states, the stock markets in India have not crashed like the fall of March 2020. Although since mid-February this year, the Nifty 50 …
