Oil inventories that had piled up during the pandemic in 2020 have now come back to normal levels, according to the International Energy Agency (IEA) but the agency has slashed its demand growth forecast for the first half of the year. The IEA has slashed Indian demand estimates for the second quarter and also noted …
Tesla CEO Elon Musk is no stranger to courting controversy on Twitter. On May 1 last year, he took Tesla shareholders by the storm and declared that the “Tesla stock price is too high imo”. Not surprisingly, the stock collapsed and Tesla shareholders wailed at the entrepreneur billionaire soon after. Yesterday, another of Musk’s tweets …
Overview Gold has always been significant in India, as it has been used as a symbol of opulence at weddings and festivals. Thanks to the metal’s scarcity, gold has developed into an ideal shield for uncertain markets over time. Gold prices have been steadily rising in recent months and in light of Akshaya Tritiya, it …
Gold touched an over three-month peak on Tuesday even as investors in exchange-traded funds have shown positive interest in the yellow metal. Further, rising inflationary pressure and a weakened US dollar have added to the appeal of gold as a hedge option. The dollar was hovering close to lows of many months against European currencies, …
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 …
