When the finance ministry announced the stimulus package in May, the focus was to revive the economy that suffered a set back from COVID-19 outbreak. It was a massive 20 lakh crore package to offer financial assistance to various sectors in phases. Reviving agriculture was one of the prime focuses of the policy. Advancing on …
After securing a slew of investment from foreign marquee investors, Reliance supremo, Mukesh Ambani is now targeting native online retailers to grow his footprint in the e-commerce platform and give a competition to Amazon India. Reliance has already launched Jio Mart, the online grocery brand, which also received investment from Facebook. Ambani is currently on …
Indian Energy Exchange (IEX) has got approval to start green energy trading in its energy platform. For the first time in India, green energy will trade in the exchange, creating a more transparent and integrated market for the players. IEX received consent from the Central Electricity Regulatory Commission (CERC) to set-up a ‘green term-ahead market’ (G-TAM) …
We can call it an end of an era. For a staggering amount of Rs 24,713, Reliance has acquired the retail chain of Future Group. For a period of over three decades, Kishore Biyani had built a retail empire that had earned him the nickname of Retail King of India. But on August 29, the baton …
As an asset class, commodity trading allows investors to participate in a highly leveraged market, with exponential profit potential. However, retail participation in commodity trading is limited. Mainly due to high margin requirement and secondly, because of the possibility of physical delivery of the asset. But the problem seems to be vanishing now as MCX …
The Multi Commodity Exchange (MCX) on Tuesday announced its plans to launch spot exchange in base metal. In the last one and a half year, over 1,00,000 tonnes of base metal delivery happened in the bourse. But it lacked in introducing an efficient spot exchange platform. Currently, the base metal futures prices are pegged with …
The festive season is upon us, and Diwali is just around the corner. As we worship the goddess of wealth, Laxmi, on the day of Diwali, it is considered auspicious to make financial transactions on that day. It is customary for the Indian bourses to organise special trading sessions on the day of Diwali, following …
Hyderabad based Gland Pharma will launch its IPO offer on November 9. The firm received SEBI approval last month but announced the IPO launch date recently. The firm was in talks with the merchant banks to set the price band for the scrips. The subscription window will remain open till November 11. Gland Pharma is …
CoronaVirus outbreak in the country is going to leave a tremendous financial impact on several sectors, including sweets and snacks industry which is currently struggling under reduced demand and depleting labour force. An official said on June 15 that projected revenue loss for snacks industry due to COVID-19 could amount up to Rs 35,000 crore …
If you are trying to invest in the equity market through a sub-broker, he will tell you that he is required to pay GST on his earning. Like any business, sub-brokers also come under the GST rules and need to pay taxes as per the slabs. The new service tax regime has brought the sub-broker …
