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 …
The Indian IPO market is maturing fast, and various IPO offers are making their way to the market. After the Powergrid InvIT IPO announcement, another state-owned unit is ready to float InvIT in the Indian market. National Highways Authority of India (NHAI) has filed to float an InvIT that will invest in infrastructure projects. NHAI …
What is a bad bank? Bad banks are typically a bank that is set up to purchase bad loans and other holdings of any bank or financial institution. The bad bank usually comes into play during times of financial crisis to absolve issues and maintain the reputation of banks. While many consider bad banks to be …
Coronavirus’s second wave has slowed the revival that India’s multiplex companies – PVR Ltd and Inox Leisure Ltd – had just begun to witness. The March quarter of 2021, hereafter referred to as Q4FY21, had started off on a hopeful note for cinemas across the country. Theatres saw a greater-than-expected response to the Tamil movie …
The second wave of Covid-19 infections is posing a challenge to the auto sector, which had just about started to pick up pace. The country saw over 3.6 lakh new infections on Tuesday alone and reported over 3200 deaths. Rising cases have meant many states have imposed a range of curbs and lockdowns. Meanwhile, there …
The year of 2021 has given gold a volatile ride characterised by a high of $1,959 per ounce as recorded on January 6, 2021 and as opposed to this, a low of $1,676.01 per ounce on March 8, 2021 and yet again a low of $1,677.61 as recorded on March 31, 2021. Spot gold (or …
The Federal Reserve has decided to maintain its accommodative stance on monetary policy, even while it has noted that the economy is regaining strength and inflation has risen. The main refinancing rate has been maintained between 0 and 0.25 per cent. The Fed has ensured that short-term interest rates are near zero even while it …
The pandemic took a hit on the population and businesses alike, which in turn led to an economic slowdown in the US. However, with several catalysts like the vaccination drive, lockdowns, and preventive measures, things have started to fall in place once again. All things considered the US economy looks well set to convalesce. With …
Overview Rahul Bajaj, the chairman of Bajaj Auto, resigned from his executive position on Thursday, April 29. With effect from May 1, 2021, Niraj Bajaj, a non-executive director of the company, will take over as Chairman of Bajaj Auto, succeeding Rahul Bajaj. Rahul Bajaj has submitted his resignation as non-executive Director and Chairman of the …
