Paytm is obtaining stakeholders’ approval to liquidate nearly Rs. 120 billion in new stock. If the Indian digital-first payments firm gets the nod from shareholders, this could turn into South Asia’s biggest IPO to date, worth a whopping $1.6 billion. This firm has the backing of Japan’s SoftBank (18.73%), Elevation Capital (17.65%), and China’s Alibaba …
Jubilant FoodWorks Ltd, Spencer’s Retail, and Whirlpool India will be releasing their quarterly earnings for January – March today on June 15. They are among the 45 companies scheduled to release quarterly earnings results of Q1 2021 today. Other prominent names include LIC Housing Finance, Entertainment Network (India), Easy Trip Planners, Lemon Tree Hotels, JMD …
On 18 June 2021, HDFC Bank declared a dividend of Rs. 6.5 per share (650% on the face value of Re. 1) for the year ended 31 March 2021. However, the proposal is up for shareholders’ approval at the Annual General Meeting scheduled on 17 July 2021. If shareholders approve this recommendation, the expected date …
Per data shared by the Government of India, India’s export sector witnessed a jump of 69.35% at $32.7 billion in May. However, the country’s trade deficit stands at $6.28 billion. The report further stated that the surge in exports was driven by the robust growth in petroleum products, gems, jewellery, and engineering sectors. Last year …
As the global economy recovers from the impact of the pandemic, demand for crude oil is set to rise. Wall Street believes that the rally in prices has enough potential to move up in the near future. Francisco Blanch, the commodities strategist of Bank of America, stated in a research note that oil might hit …
An Overview On Friday, the RBI’s six-member Monetary Policy Committee is expected to keep the policy rate unchanged and retain its accommodative posture. While the policy stance is likely to remain growth-oriented, after the economy contracted by 7.3 percent in FY21, the lowest in four decades, all eyes will be on the RBI for any …
Global IT giant Accenture acquired Umlaut, an engineering consulting firm based in Aachen, Germany, on 14 June 2021. According to an official statement, this acquisition will help Accenture boost its deep engineering abilities so companies can use various digital technologies like artificial intelligence, cloud, 5G, et al. The financial specifics of this acquisition are yet …
The talks of the re-entry of Softbank in Walmart-owned Flipkart have stirred up curiosity among investors. Especially when the Indian retail giant was all set to change its status from a Pvt Ltd. to a Public Company by the fourth quarter of 2021. So, why is Softbank so keen on investing in Flipkart after it …
An Overview of RBI’s Plans As the central bank seeks to accommodate roles for entities other than traditional banks and non-banking finance businesses, India’s booming digital banking ecosystem may eventually fall under a more defined regulatory and supervisory authority. The Reserve Bank of India (RBI) has formed an internal committee to investigate the breadth of …
The global beverage giant Coco-Cola’s market value dipped by $4 billion after the Portuguese footballer Cristiano Ronaldo pulled a stunt at a press conference in Budapest this Monday. The football star, widely acknowledged as a health enthusiast, created a stir during the Portugal and Hungary pre-match press conference involving two Coco-Cola bottles. In a turn …
