There is no respite for cryptocurrency holders in India. Unofficial estimates by three major cryptocurrency exchanges put the total number of crypto investors to anywhere between 60 lakhs to a crore with holdings crossing a whopping Rs 10,000 crore. Despite their strong and thriving presence, the Reserve Bank of India seems dead set on pulling …
Overview Government bond yields fell below the psychologically significant 6% mark on Wednesday, following the central bank’s announcement of a Rs 35,000-crores bond buyback programme as part of its new pandemic-relief package. Bond dealers, on the other hand, are wary of the rally’s long-term viability, considering the federal government’s and states’ massive borrowing programmes. Bonds …
India recorded more than four lakh new fresh Covid-19 cases on Wednesday and registered more than 900 deaths, its highest ever increase in cases. Even as the second wave spreads across the states, the stock markets in India have not crashed like the fall of March 2020. Although since mid-February this year, the Nifty 50 …
The scourge of the second wave of Covid-19 keeps buffering not only the everyday lives of millions of Indians but is also increasingly threatening the economic resilience of India’s export sector. Demand stemming from US & UK Compounding matters further for India Inc is that the second wave that has hit India at a time …
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 …
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 …
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 …
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 …
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 …
