Will insurance firms be allowed to invest in debt securities issued by real estate or infrastructure investment firms? The answer is yes. News reports suggest that the Insurance Regulatory and Development Authority (IRDA) is planning to permit such investments in a bid to boost REIT and InvIT investments attractive. What are REITs and InvITs? It …
India’s economy is out of a technical recession and returns to the growth path in the third quarter of FY 2020-21, with a 0.4 per cent increase in the Gross Domestic Product. This comes on the back of a huge 24.4 per cent contraction in the June quarter, following a pandemic-associated lockdown. The September quarter …
India’s exports have dropped marginally by 0.25 per cent to $27.67 billion in February as imports rose nearly 7 per cent to $40.55 billion, provisional data from the Ministry of Commerce and Industry shows. This means that the trade deficit has widened to nearly $13 billion in the month gone by compared to $10.16 billion …
Retail petrol and diesel prices have touched record highs over the past few days. On March 3, petrol price for a litre was unchanged for the fourth day in a row at Rs 97.57 in Mumbai, Rs 91.17 in Delhi, Rs 93.11 in Chennai and Rs 91.35 in Kolkata. Diesel prices too have been left …
A year after the first lockdown was imposed in India, the country has seen a rise in the number of cases yet again, indicating that this is the dreaded second wave of Covid-19 infections. On Wednesday, India registered 47,262 Covid-19 cases and 275 fatalities, taking the tally of infections to 11,734,058 and the death toll. …
As the second wave of Covid infections grip several states in the country, what does it look like for the retail sector? In February, as Covid infections dropped from the September 2020 levels, the Indian retail sector heaved a sigh of relief as sales figures came in. The Retail Business Survey showed that February sales …
India’s inflation has been a cause for concern, according to a recent Moody’s Analytics report which says inflation is “above comfort levels” in India. The report also noted that Asian economies barring China have shown some sort of inflation-related worries. Moody’s Analytics further noted that the rise in retail inflation to 5 per cent in …
As an increasing number of people move online for work, play and transactions, cases of data leaks have also increased. Just recently, data of 553 million Facebook users from across the globe including India were leaked; details such as Facebook ids, phone numbers, email addresses, personal information such as dates of birth were leaked. Over …
NIIT share price rallied 19.98 percent to gain Rs 27.55 and closed on Rs 165.45 ahead of the buyback news. The company announced its plans to buy back shares from existing shareholders, beginning on April 12. In a letter submitted to the BSE, NIIT mentioned that it had received all necessary approvals from the market …
NIIT’s Board of Directors had approved the company’s buyback plan. Investors can surrender their current holding of NIIT shares for a price of Rs 240, offered at a premium to the current market price. The decision was taken on December 24, and the skill and talent development company has received all required approvals from SEBI …
