Economic activity has slumped in the wake of the second wave of the Covid-19 pandemic. Animal spirits that seemed to be on revival in the first three months of this year, once again, took a beating and are now nearly moribund. Revenues of not just listed large corporations but also hole-in-the-wall shops and mom-and-pop stores …
Overview In the first week of May, Foreign Portfolio Investors (FPIs) removed Rs. 5,936 crores from Indian stocks, citing concerns about the large second wave of the pandemic and its economic implications. According to depositories’ numbers, overseas investors withdrew a net sum of Rs. 5,936 crores from Indian stock markets between May 3 and 7, …
Overview Jonathan Schiessl, IIFL’s Fund Manager, discusses which side of the banking sector looks better from an investment standpoint. “Retail-focused banks are valued at a high premium, so there is less space for setbacks in that sector. The business sector currently has a marginally stronger risk-reward ratio, but both sectors are at risk of being …
The Indian IPO market is maturing fast, and various IPO offers are making their way to the market. After the Powergrid InvIT IPO announcement, another state-owned unit is ready to float InvIT in the Indian market. National Highways Authority of India (NHAI) has filed to float an InvIT that will invest in infrastructure projects. NHAI …
What is a bad bank? Bad banks are typically a bank that is set up to purchase bad loans and other holdings of any bank or financial institution. The bad bank usually comes into play during times of financial crisis to absolve issues and maintain the reputation of banks. While many consider bad banks to be …
Coronavirus’s second wave has slowed the revival that India’s multiplex companies – PVR Ltd and Inox Leisure Ltd – had just begun to witness. The March quarter of 2021, hereafter referred to as Q4FY21, had started off on a hopeful note for cinemas across the country. Theatres saw a greater-than-expected response to the Tamil movie …
Overview Rahul Bajaj, the chairman of Bajaj Auto, resigned from his executive position on Thursday, April 29. With effect from May 1, 2021, Niraj Bajaj, a non-executive director of the company, will take over as Chairman of Bajaj Auto, succeeding Rahul Bajaj. Rahul Bajaj has submitted his resignation as non-executive Director and Chairman of the …
Overview From being permitted to operate at full capacity in February to being forced to close their doors on April 14, Indian cinemas are once again dealing with confusion. With most theatres expected to remain closed until May 15 in most parts of the nation, the outlook for the entire film industry, which relies heavily …
The Reserve Bank announced on Wednesday that on March 18, 2020, it will conduct simultaneous purchases and sales of government securities worth a total of ten thousand crores under Open Market Operations (OMOs). RBI said in a statement announcing the special OMO that the decision was made after an analysis of existing liquidity and financial …
The second wave of Covid-19 infections is posing a challenge to the auto sector, which had just about started to pick up pace. The country saw over 3.6 lakh new infections on Tuesday alone and reported over 3200 deaths. Rising cases have meant many states have imposed a range of curbs and lockdowns. Meanwhile, there …
