On 21 July 2021, Bharti Airtel announced its collaboration with Intel to accelerate India’s 5G network rollout. They plan to leverage vRAN (virtualised Radio Access Network) and O-RAN (Open Radio Access Network) to transform Airtel’s network and provide their customers with the benefits of next-gen technologies. As members of the O-RAN Alliance, Airtel and Intel …
Clean Science & Technology Ltd. will list its IPO shares on the NSE and BSE today. The company is one of the leading India-based chemical manufacturers. It primarily deals with Pharmaceutical Intermediates, Performance and FMCG chemicals. Clean Science exports its productions to various international markets and has collected 69% revenues through export in 2020. The …
An Overview of HDFC Q1 On Saturday, HDFC Bank reported a 16.1% increase in standalone net profit to Rs. 7,729.60 crores, up from Rs. 6,658,60 crores in the same quarter last year. The earnings number fell short of investors’ expectations. The second wave of pandemic disrupted business operations for about two-thirds of the quarter, resulting …
India’s foreign exchange reserves have grown to over $610 billion, on the back of foreign direct investments and the inflow of foreign institutional or portfolio investors into the stock markets, which have seen a sustained bull run over the past year. According to the Reserve Bank of India (RBI) data, for the week ended July …
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 …
A Brief Overview The price of gold has witnessed a surge within a limited time frame as is evident from the fact that gold rates across the globe have consistently hovered near a 3-week high. This scenario was aided by a fall in U.S. Treasury yields. Examining the Scenario Tuesday saw the prices of gold …
As per data published by depositories, Foreign Portfolio Investors (FPI) have withdrawn net investments worth Rs. 4515 crores in the first half of July 2021. Accordingly, it appears that they are moving towards the Indian market with caution. That said, they had taken an aggressive approach in the first three months of this year before …
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 …
The Federation of Automobile Dealers Associations’ (FADA) June 2021 report mentions a YoY increase in total vehicle sales by 22.6%. However, this figure is short by 28% compared to the vehicle sales of June 2019. Auto retail sales hike – a closer look While automobile dealerships across the country are still not fully operational due …
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. …
