The Reserve Bank of India (RBI) has introduced RBIDATA, a mobile application aimed at enhancing public access to macroeconomic and financial data. The app is designed to offer a user-friendly interface with interactive visual elements, making complex economic data more accessible and comprehensible for a wider audience. A Vast Repository of Economic Data RBIDATA provides …
In a significant diplomatic and economic milestone, India and Qatar have decided to elevate their bilateral ties to a “strategic partnership.” This decision was announced following talks between Indian Prime Minister Narendra Modi and Qatar’s Amir Sheikh Tamim bin Hamad Al Thani during the latter’s visit to New Delhi on Tuesday. Prime Minister Modi, in …
The Adani Group, led by Gautam Adani, as per news reports has announced a substantial philanthropic initiative aimed at transforming the education landscape in India. The conglomerate has pledged ₹2,000 crore to construct at least 20 schools across the country. This forms part of the ₹10,000 crore charity commitment made during the wedding of Gautam …
The state-owned telecom services provider BSNL has recently released its results for the quarter and nine months ended December 31, 2024. BSNl posted an improvement in financial performance on the back of ongoing efforts by both the management and the Government. These efforts have focused on enhancing the company’s top-line growth through expanding business operations …
A groundbreaking discovery by Chinese scientists has led to the creation of an artificial diamond that surpasses natural diamonds in strength and heat resistance. This new form, known as hexagonal diamond or lonsdaleite, has long been theorised to be harder than traditional diamonds but has remained difficult to synthesise in the lab. Recent advancements in …
Understanding REITs and InvITs Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are investment vehicles that pool funds from investors to invest in income-generating real estate and infrastructure projects, respectively. These trusts are listed on stock exchanges, enabling investors to trade shares like regular stocks. They offer an opportunity to invest in large-scale …
The Securities and Exchange Board of India (SEBI) has revoked the registrations of 19 Foreign Venture Capital Institutions (FVCIs) after finding that they had violated capital market regulations. Among the entities affected are Blackstone Capital (Singapore) and Axis Capital (Mauritius). Non-Compliance with Reporting Obligations SEBI’s investigation revealed that these institutions had become defunct and were …
Indian police arrested two individuals involved in the Falcon Invoice Discounting Ponzi scheme, which defrauded investors of nearly $100 million. The scheme promised returns upto 22% and used new investments to pay older ones, as per news reports. Over 7,000 Indian Investors Duped in Ponzi Scheme Thousands of investors in India are desperately trying to …
Research analysts (RAs) are facing an unexpected risk in their profession—the possibility of having their bank accounts frozen indefinitely. Recent cases have emerged where clients, alleging fraud, have filed complaints with cybercrime police. Based on limited information, authorities have proceeded to lock RAs out of their accounts, impacting their businesses significantly. Adding to the complexity, …
The Indian stock markets, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will remain open on February 19, 2025, despite it being Chhatrapati Shivaji Maharaj Jayanti. However, while trading in equities, derivatives, and securities lending and borrowing (SLB) will continue as usual, the clearing and settlement of stocks and funds will …
