An Overview Increased software services revenue and inward contributions from diaspora Indians overseas enabled the current account in the balance of payments to end in a positive for the quarter ended June’21, countering a significant increase in the petroleum import tariff. In addition, the economic slowdown brought on by the 2nd lockdown during the quarter …
An Overview Changes to the auto debit rule enforced by the Reserve Bank of India (RBI) will take effect on October 1. Customers who use their debit card for recurring transactions will benefit the most from the adjustment. All standing instructions on cards will be ignored after the revisions. What will the modifications entail? All …
An Overview The Union Cabinet agreed to a rescue package for the telecom sector on Wednesday, which includes a four-year moratorium on telecom companies paying statutory dues and permitting 100 percent foreign investment through the automatic route. Telecom Minister Ashwini Vaishnaw briefed on the Cabinet’s decisions, saying that nine structural reforms for the telecom sector …
Economic recovery The global economic recovery is strengthening, and now is the right time for a shift in the global order, according to Kumar. He emphasised that if the global economy continues to open, a new world order will emerge. Kumar went on to say that alliances of like-minded countries are urgently needed, as well …
Shares of Sansera Engineering got listed on the stock exchanges on 24 September 2021 Friday. Following a successful initial public offering, this company had set the issue price at Rs. 744. Here, we’ll be looking into how this company’s D-Street debut turned out to be. Sansera Engineering Share Listing – Both NSE and BSE Sansera …
An Overview Eureka Forbes has been sold to Private Equity fund Advent International for Rs 4,400 crore by the Shapoorji Pallonji Group.The proceeds from the transaction will be used to reduce the 156-year-old conglomerate’s debt and focus on Afcons’ primary construction and engineering division. According to the SP group, the estimate of Rs 4,400 crore …
Popular fintech startup Mobikwik has filed its DRHP with the Securities and Exchange Board of India. The company has further mentioned its reservation of 7% equities for employee stock options. ADIA (Abu Dhabi Investment Authority) earlier valued the startup at $700 million. This came after the company raised $20 million in June. The startup says …
SEBI pulled up 8 entities for fraudulent trading practices on Monday. The entities were involved in buying and selling of Videocon shares in reversal and synchronised trades that affected the market value of these stocks. Here are the details of the same! Key Highlights Regarding Penalisation of 8 Entities The 8 entities which SEBI has …
The RBI deputy governor, M Rajeshwar Rao, has laid stress on the importance of bringing green finance into focus. As per news reports, the RBI deputy governor noted that there was a need to consider environmental impact in the commercial lending space. As part of the RBI’s deputy governor’s address reported in the media, he …
An Overview So far in September, foreign portfolio investors (FPIs) have been net purchasers in Indian markets, investing a total of Rs 16,305 crore. On a net basis, foreign investors invested Rs 11,287 crore in shares and Rs 5,018 crore in debt between September 1 and 17, according to depositories data. The entire net investment …
