International brokerage firm UBS has stated on Wednesday that India’s market has become unattractive as equity valuations have turned quite expensive. India’s stock valuations are expensive right now as compared to other ASEAN nations. Notably, UBS has an ‘underweight’ stance for India while it has double upgraded China’s ratings to ‘overweight’. Let’s take a closer …
CyberX9 has reported that a vulnerability at CDSL’s KYC registering wing has exposed the personal and financial data of 4.39 crores Indian investors twice in 10 days. The cyber security consultancy startup had reported the data breach to CDSL on 19 October, but the SEBI-registered depository took around a week to fix it. According to …
An Overview The Reserve Bank of India announced on Friday that India’s forex reserves climbed by USD 1.919 billion to USD 641 billion for the week ended October 29 due to robust growth in currency assets and gold value. At the end of the preceding reporting week, total reserves had dropped by USD 908 million …
Eight out of the top ten valued companies added more than Rs 1.18 lakh crore collectively to their market cap, even as the BSE Sensex gained 1.28 per cent in the last week, when the special one-hour Muhurat trading on November 4 to mark Diwali and the new trading year Samvat 2078. The NSE Nifty …
An Overview The Reserve Bank of India (RBI) has authorised multinational banks operating in India to keep a limited range of data in overseas computers, putting an end to a contentious problem. Foreign banks can keep some fields of static information such as a client’s name and address, some know-your-customer (KYC) details, and transaction details …
RIL (Reliance Industries Limited) shares gained more than 1% on 7 October 2021 following the successful conclusion of its subsidiary’s deal with 7-Eleven. Shares of RIL have risen around 22% in the last three months and generated around 148% of returns for the past three years. RRVL (Reliance Retail Ventures Ltd) entered into a deal …
An Overview According to research by Chainalysis, India’s cryptocurrency market grew by 641 percent in the past year, propelling the expansion of digital currencies in Central and Southern Asia. According to it, Pakistan’s cryptocurrency market grew by 711 percent last year. The Global Crypto Adoption Index includes three nations from the Central and Southern Asia …
The government has indicated that it may reconsider the case pertaining to the one time spectrum charges (OTSC) of Rs 40,000 crore against telecom operators, as per news reports. The Department of Telecommunications (DoT) has sought a three-week period to reconsider the decision to penalise telecoms for the delay in the payment of one-time charges for …
An Overview Under the Payments and Settlement Systems Act, 2007, BSE Technologies acquired in-principle authorisation from the Reserve Bank of India (RBI) to set up and run the Trade Receivables Discounting System (TReDS). BSE Technologies is a completely owned BSE company that specialises in IT solutions. TReDS is an electronic platform that allows Micro, Small, …
An Overview The industry association FICCI raised its growth forecast for the Indian economy in FY22 from 9% to 9.1 percent on Thursday, up from 9% previously. “Following the second wave of the pandemic, the economic recovery appears to be holding steady, as evidenced by the incoming data on different high-frequency indicators. The next festive …
