The chairman of the LIC stated on Monday that the insurer may not sell its full interest in IDBI Bank and that it may offer its insurance services via its huge network of branches. A balance sheet risk is its controlling interest in IDBI Bank, which it saved in 2019. IDBI Bank, which had assets …
The Indian corporate sector witnessed a steady growth momentum in their earnings during quarter 3 of FY 2021. Compared to the previous financial year, both net profit and revenue expanded in double digits. Interested in knowing more about this topic? Read on. Growth Trend in Indian Companies Around 254 Indian companies have already announced their …
Maruti’s Profits for Quarter 4 April 29, 2022, saw Maruti Q4 results 2022 announced which were indicative of a 58 per cent rise in terms of net profit. These profits were owed in large part to surges in prices and dips in sales promotion costs which were far weightier than the impact that high raw …
Russia’s attack on Ukraine has soared the prices of oil and regional commodities. With the market spinning wildly, the investors are trying to gauge the amount of impact these two significant forces will have. On Wednesday, 2 March 2022, the US oil prices crossed $110 per barrel for a brief period, but other markets and …
The EPFO (Employees’ Provident Fund Organisation) has invested Rs. 10,000 crores (minimum) in top-performing public sector undertaking bonds that include NABARD (National Bank for Agriculture and Rural Development), Hindustan Petroleum, and Indian Oil. Some of these have proposed rates up to 9 basis points lower than identical maturity government bonds. Keep reading to know the …
Prior to the much-awaited LIC IPO, AIIEA (All India Insurance Employees Association) proceeded with a nationwide strike on Sunday, 13 February 2022. Keep reading to get more details on this matter! Do They Fear Privatisation? Although LIC IPO will undoubtedly be the country’s greatest-ever, it’s a step towards its privatisation which might compromise the interests …
The Indian economy witnessed a 5.4% growth during the period of October to November 2021 as per the GDP data released on Monday. Madhabi Puri Buch was appointed to take charge of the Securities and Exchange Board of India for three years, beginning from 1 March 2022. She becomes the first woman to head SEBI …
The Government has decided to infuse capital of Rs. 15,000 crores to support the public sector banks for FY 2022. State-owned banks like the Central Bank of India, Punjab and Sind bank are supposed to get this lion’s share through zero-coupon bonds. This will support and enable these weak banks to meet the regulatory requirements. …
According to analysts, the crisis due to the Ukraine-Russia war will remain in the limelight in the upcoming few weeks. Moreover, the special energy prices of Russian forces that target fuel facilities and airfields in specific will dominate the stock market. Learn about it in detail in the following sections. Analysis of the Market Condition …
Former Reserve Bank of India Governor Raghuram Rajan said that India should stop focusing on areas such as agriculture and manufacturing and should start considering other areas instead. Rajan takes a neutral stance and believes that India’s current state requires not being overly optimistic or overly pessimistic. Apart from addressing the various issues facing the …
