The years 2020 and 2021 have been unprecedented for the global economy. COVID impacted almost all countries, causing widespread disruption in the world supply chain and production. The Indian economy has shown resilience under the crisis and registered growth in several areas. However, FY23 has brought the investors to a crossroad. While the domestic economy …
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) forecasted a 7.2 percent GDP growth rate for the Financial Year 2022-23. According to RBI Governor Shaktikanta Das, the GDP growth projection for FY23 has been cut to 7.2 percent from 7.8 percent. GDP growth for 2022-23 is projected to be 16.2% in …
Mindtree is a mid-cap IT company located in Mumbai. It announced its consolidated Q4 earnings on 18 April 2022, showing a net profit of Rs. 473.1 crores for the quarter ending in March 2022. Going by this value, the company has taken a high jump from last year’s PAT in the same quarter, i.e., Rs. …
According to research issued on April 19 by consulting firm Zinnov and VC funding company Chiratae Ventures, the Indian SaaS market is expected to generate $100 billion in sales by 2026. According to the research, almost 90% of all SaaS unicorns were created in the previous four years, and there are presently over 1,150 active …
Thursday saw Nestle India announce that its net profit had shrunk by 1.25 percent when looking at its year-on-year earnings. This is evident from the fact that its YoY amounted to INR 602.25 crore in the March 2021 quarter which lies in sharp contrast to its 2022 YoY earnings that amounted to INR 594.71 crore …
On Friday, 25 March 2022, Asian shares geared up for a 2nd consecutive week of profits, although the market was choppy amidst displacements in Chinese economic policies, tight US monetary policies, and commodity market disturbances due to the Ukraine-Russia war. If you are looking for stock market news and updates on Asian markets and shares, …
Oil prices fell more than 6% on Tuesday, to their lowest level in over three weeks, after Russia said it would enable the Iran nuclear agreement to be revived, and traders were concerned that China’s pandemic lockdowns would stifle demand. For the first time since late February, both Brent and US oil futures benchmarks fell …
The surging cost of housing, gas, and food has catapulted to 7.9% inflation in the past year. Since 1982, this has been the sharpest spike and forewarning of further rise of prices. But even before the Russia-Ukraine war accelerated the price hikes, in four decades, the inflation in the United States reached its highest levels. …
India’s Stalling Economy in 2019 India’s GDP growth has decelerated for the last 8 months. However, experts would argue that it’s been slowing down since the middle of 2018. In the April to June quarter of 2019, growth in India’s GDP grew by 5%. This number had been anticipated by experts as India’s economic growth has …
With the evolution of the capital markets, new ideas and strategies are reaching Indian shores. The acceptance of fresh ideas leads to the emergence of new investment strategies, which eventually result in new financial products. The latest idea to gain traction in Indian investing circles is thematic investing. However, thematic investing in India is yet to gain …
