As the second wave of Covid infections grip several states in the country, what does it look like for the retail sector? In February, as Covid infections dropped from the September 2020 levels, the Indian retail sector heaved a sigh of relief as sales figures came in. The Retail Business Survey showed that February sales …
A year after the first lockdown was imposed in India, the country has seen a rise in the number of cases yet again, indicating that this is the dreaded second wave of Covid-19 infections. On Wednesday, India registered 47,262 Covid-19 cases and 275 fatalities, taking the tally of infections to 11,734,058 and the death toll. …
Market regulator SEBI has brought in new qualification norms for portfolio managers, research analysts and investment advisors in a recent notification. According to the SEBI norms issued last week, SEBI will recognise post-graduate programme in the securities market of at least a year offered by the National Institute of Securities Markets (NISM) as the qualification …
India’s rupee has been the only Asian currency to gain in March, growing 1.3 per cent on the back of foreign buying of domestic stocks worth $2.4 billion. This includes inflows into initial public offerings (IPOs). Data shows that nine offers of share sales amounting to Rs 59 billion this month has bulked up the …
The BSE Utilities Index has posted an impressive performance in the fiscal year 2021 – the index has gained by more than 60 per cent in FY21. The index had fallen over 30 per cent back in the financial year 2020, according to the BSE. Analysts attribute this performance to investors partaking in the rally …
The Finance Ministry has recently written to the capital markets regulator Securities and Exchange Board of India (SEBI) asking for the withdrawal of guidelines issued by the regulator on valuing perpetual bonds issued by banks as 100-year bonds. Perpetual bonds (also called perp bonds) are known as additional Tier 1 bonds as they don’t come …
Women are taking to the stock markets like never before. And aptly so. As the world observes another Women’s Day, it is significant that more women have taken to the stock markets, which has traditionally been a male bastion. Many brokerage firms have been reporting a substantial rise in demat accounts opened by women in …
Retail petrol and diesel prices have touched record highs over the past few days. On March 3, petrol price for a litre was unchanged for the fourth day in a row at Rs 97.57 in Mumbai, Rs 91.17 in Delhi, Rs 93.11 in Chennai and Rs 91.35 in Kolkata. Diesel prices too have been left …
India’s exports have dropped marginally by 0.25 per cent to $27.67 billion in February as imports rose nearly 7 per cent to $40.55 billion, provisional data from the Ministry of Commerce and Industry shows. This means that the trade deficit has widened to nearly $13 billion in the month gone by compared to $10.16 billion …
India’s economy is out of a technical recession and returns to the growth path in the third quarter of FY 2020-21, with a 0.4 per cent increase in the Gross Domestic Product. This comes on the back of a huge 24.4 per cent contraction in the June quarter, following a pandemic-associated lockdown. The September quarter …
