An Overview of the Purchases Made India’s central bank chose to purchase a number of sovereign papers amounting collectively to a value of INR 34,175 Crores between April 22 and May 4, 2021. These purchases were made in order to offset borrowing costs and bring them down. This was necessary since there a high probability …
Even as the pandemic struck India in 2020 and there was an economic slowdown, foreign direct investment into India was unabated. In the financial year 2020-21, the overall FDI inflows hit a new peak of $43.366 billion, beating the earlier record of $43.013 in the previous financial year. The data, released by the Reserve Bank …
Overview In the first week of May, Foreign Portfolio Investors (FPIs) removed Rs. 5,936 crores from Indian stocks, citing concerns about the large second wave of the pandemic and its economic implications. According to depositories’ numbers, overseas investors withdrew a net sum of Rs. 5,936 crores from Indian stock markets between May 3 and 7, …
An Overview of Top NBFCs’ Strategy In the next six months or even one year, many other non-banking financial companies (NBFCs) are expected to lift stocks to access robust markets for money. NBFCs can scout for funds through a variety of paths, including initial public offers (IPOs), capital markets (QIPs) and commercial foreign bonds (ECBs). …
Overview IRDAI has permitted insurers to invest a portion of the investment in their “Fund of Funds” (FoF). FoF is a pooled fund that invests in other Alternative Investment Funds (alternative investment funds) into which some of its investment funds have already been approved by insurers. Insurers can diversify their investment to a secure and …
Retail gold prices have been seeing some sparkle in the recent past as they shot up to Rs 50,160 per 10 grams (24 carat) and Rs 46,000 per 10 grams for 22-carat gold in Mumbai on Friday. Earlier on Thursday, gold prices stood at Rs 48,534 per 10 grams, an increase of Rs 357 in …
An Overview of Gold’s Surge In Indian markets today, gold and silver prices edged higher, reflecting positive global cues. On the MCX, gold prices increased 0.24 percent to a four-month high of 48519, while silver prices increased 0.5 percent to 71,440 per kg. Gold was down 0.22 percent in the previous session, while silver was …
An Overview of Recent Rise in Oil Prices Oil rose above $64 a barrel as more signs that the US economy is quickly recovering from the pandemic outweighed concerns that reviving the Iran nuclear agreement would result in a rise in global supply. After rising 2.5 percent on Friday, West Texas Intermediate was up 0.8 …
Owner of French luxury brand Louis Vuitton Moet Hennessy (LVMH) has become the richest man in the world with a net worth of $186.3 billion, according to Forbes. The French tycoon has now replaced Amazon owner Jeff Bezos as the richest man in the world. The founder of Amazon, the world’s largest online retail platform, …
Overview Jonathan Schiessl, IIFL’s Fund Manager, discusses which side of the banking sector looks better from an investment standpoint. “Retail-focused banks are valued at a high premium, so there is less space for setbacks in that sector. The business sector currently has a marginally stronger risk-reward ratio, but both sectors are at risk of being …
