The Reserve Bank of India (RBI) is looking at introducing digital currency, called the Central Bank Digital Currency (CBDC) in a phased manner, as per a recent statement from the RBI’s deputy governor. Reports suggest that there is a possibility of testing a digital currency as part of a pilot programme in the near future. …
Indian Edtech behemoth, Byju’s has completed the takeover of Epic, a US-based company that provides an online reading platform to kids. As per reports, the cost of acquisition is $500 million, which makes it the second-biggest acquisition for Byju’s till now. That said, the company has not disclosed the cash and stock breakup of the …
An Overview In the first two months of the current fiscal year, India continued to garner significant foreign direct investment inflows. Inflows increased in April-May compared to the same period last year. However, a third of the inflows were due to secondary market purchases of shares rather than company investments in facilities, allowing the country …
Even as the quarterly earnings season (Q1 FY22) for India’s corporates is underway the spotlight is on the cash holdings of these firms. News reports suggest that the total cash and bank balance of over 300 firms in the BSE-500 universe, barring banks and financials, grew at the fastest pace in a decade in FY …
Ambani’s Shopping Binge Continues Reliance Retail made an open offer to JustDial investors at a 5% discount to the current price, which dragged on the latter’s stock on Monday. The Just Dial stock dropped to a low of Rs. 1,016 on Monday before recovering to Rs. 1,023 — still down 4.67 percent for the day. …
An Overview of Recent Events According to the bulk trades data, the MTBJ AC Nomura India Investment Fund purchased 10 lakh equity shares in specialty chemical company Clean Science & Technology on the NSE for Rs. 1,715.33 per share. On the NSE, the Nomura Trust and Banking Co Ltd, as Trustee of the Nomura India …
An Overview of SEBI’s Block Mechanism Aside from the present early pay-in method, investors will soon be able to block stocks on their separate demat accounts for selling transactions. The “block mechanism” in the demat accounts of clients conducting sale transactions will be available from August 1, according to a circular released by markets regulator …
The Securities and Exchange Board of India has proposed a swing pricing mechanism to check the fall of net asset value (NAV) of a scheme in case of investor exodus. This mechanism will enable fund houses to adjust the NAV of a scheme in situations like inflows or outflows from a fund, specifically during market …
HCL Technologies posted an 8.5% sequential rise in consolidated PAT (Profit after Tax) to Rs. 3214 crores in the first quarter of June 2021. The IT services major reported a 2.2% on-quarter rise in consolidated revenue to Rs. 20068 crores, a number slightly below most market analysts’ expectations. On a full yearly basis, HCL Tech’s …
RBI announced the second tranche of acquiring government securities on 15 July under the Government Securities and Acquisition Programme 2.0 or G-SAP 2.0. According to this announcement, RBI will purchase securities worth Rs. 20,000 crores on 22 July. The auction results will be available on that date itself. Moreover, applicants will receive their securities in …
