Rapid recovery “The pandemic impacted the country, but the recovery has been faster than the damage.” Prime Minister Narendra Modi said on Saturday. “Covid-19 had an impact on economies all across the world, including India’s. But our economy has made a strong comeback,” Modi remarked at the Sardardham Bhavan’s opening in Ahmedabad. The Prime Minister …
Surge in exports Merchandise exports increased 45.8 percent year on year to $33.3 billion in August, owing to a favourable base, greater order flow from western markets, and higher global commodity prices. Exports also increased by 28 percent over the pre-pandemic (similar month in 2020) level, as advanced countries’ rebound boosted demand for goods. According …
Global investment fund, The Blackstone Group, reduced its stake in Embassy Office Parks REIT by 6%. Earlier, Blackstone had a stake of 38%. Presently that has reduced to 32%. Blackstone took this step to monetise some of its investments. The sale of these units was made in the open market via block deals. Check out …
Ami Organics made an impressive stock debut as its shares got listed on the bourses at a 49% premium. Since listing, the share price of this Surat-based specialty chemical manufacturer has surged 84% from its IPO issue price of Rs. 610 per unit. Moreover, on 15 September 2021, Thursday, Ami Organics share price surged 20% to …
While we have already discussed the under performance of Realty companies, real estate companies have also failed to execute large and ambitious projects. If we take a look at the past few large projects like Lavasa (HCC), Sahara City and few others like large projects from Unitech and Jai Prakash Associates not only created doubt about …
Maruti Suzuki India has got its own place in the Indian automobile segment. And why not everyone has their own story to tell about their Maruti vehicle. It was natural, as there was an era when people used to ask – Kab Le Rahe Ho Apni Maruti? This indicates whenever someone was planning to buy a …
An Overview According to the share market’ association ANMI, switching to the T+1 settlement mechanism will turn India into a pre-financing market, with several issues for global institutional investors. Trades on Indian stock exchanges are currently settled two working days after the transaction is completed. The news comes amid allegations that the Securities and Exchange …
An Overview Companies ranging from Facebook to Xiaomi are vying for a piece of India’s digital financing market, which is expected to be worth $1 trillion by 2020. This month, Facebook said that India would be the first country to implement its small business lending programme, which will provide loans to companies that advertise on …
The apex bank of India, RBI, announced on Wednesday that the country’s holding of the IMF’s SDR has increased significantly. Currently, India has a threshold of SDR 13.66 billion, which is $19.41 billion, per the exchange rate of 23 August 2021. According to the reports by the Reserve Bank of India, the IMF allocated SDR …
HDFC Bank is back in the business of credit cards as India’s banking regulator RBI lifted an eight-month ban on issuing new cards. The Reserve Bank of India (RBI) had imposed these restrictions on the bank due to frequent outages and glitches with their internet and mobile banking. This ban hit HDFC hard financially as …
