Businesses and companies across India have gone through unique ups and downs ever since the outbreak of the novel coronavirus in 2020. However, India’s FinTech industry has emerged as a game-changer amid the pandemic. With more than 2100 FinTech companies in the country, the industry is estimated to be worth $50-$60 billion at present. Undeterred …
Overview Gold has always been significant in India, as it has been used as a symbol of opulence at weddings and festivals. Thanks to the metal’s scarcity, gold has developed into an ideal shield for uncertain markets over time. Gold prices have been steadily rising in recent months and in light of Akshaya Tritiya, it …
International ratings agency Fitch Ratings has said that the second wave of Covid-19 infections in India may not impact the economy as severely as last year but rings a note of caution when it observes that risks to the country’s financial institutions have increased. It adds that the second wave may sap near-term momentum of …
Buybacks are back in action. Data released by a market research firm states that 61 companies in FY21 offered to buy back shares worth Rs 39,295 crore. Of these buyback offers, the largest ones came from tech companies, namely, Tata Consultancy Services and Wipro. Both the companies made offers worth Rs 16,000 crore and Rs …
Owner of French luxury brand Louis Vuitton Moet Hennessy (LVMH) has become the richest man in the world with a net worth of $186.3 billion, according to Forbes. The French tycoon has now replaced Amazon owner Jeff Bezos as the richest man in the world. The founder of Amazon, the world’s largest online retail platform, …
India is on the backfoot. Earlier, several market experts were discounting the scope and gravity of the Covid-19 pandemic raging in India in the hope that a robust, widespread vaccination campaign will be rolled out as soon as possible. While the vaccination campaign is underway on a large scale and at a fast pace, it …
Overview of the impact on the industry During the first wave of the pandemic last year, rural India helped to cushion the consumer goods market. This time, a severe second wave of the virus may make that impossible. Due to local lockdowns and a shortage of staff for last-mile distribution in rural areas, demand has …
Overview of India’s Status The devastating pandemic crisis in India is making investors doubt more than ever whether a country projecting itself as a potential economic powerhouse still needs to be classified as ‘investment grade’ despite years of debt accumulation and uneven reform progress. The severity of the current virus wave is rattling the major …
Oil inventories that had piled up during the pandemic in 2020 have now come back to normal levels, according to the International Energy Agency (IEA) but the agency has slashed its demand growth forecast for the first half of the year. The IEA has slashed Indian demand estimates for the second quarter and also noted …
Over the course of the last few years, the central bank has opened a war front against private cryptocurrencies in India. RBI governor Shaktikanta Das has stated publicly that the RBI has concerns regarding cryptocurrencies and the same have been flagged and pointed out to the Finance ministry. Quite recently, reports surfaced in the media …
