Overview From being permitted to operate at full capacity in February to being forced to close their doors on April 14, Indian cinemas are once again dealing with confusion. With most theatres expected to remain closed until May 15 in most parts of the nation, the outlook for the entire film industry, which relies heavily …
The Reserve Bank announced on Wednesday that on March 18, 2020, it will conduct simultaneous purchases and sales of government securities worth a total of ten thousand crores under Open Market Operations (OMOs). RBI said in a statement announcing the special OMO that the decision was made after an analysis of existing liquidity and financial …
A host of new-age tech companies are lining up to launch initial public offerings as the Indian economy moves on the path of recovery post a pandemic ravaged year. After Zomato filed for an Rs 8250 crore public offer, another tech startup, CarTrade, prepares to file a draft with SEBI this month. It will be …
Stock indices globally saw fresh highs, including Wall Street and India’s own Dalal Street, as reflation trade has gathered pace. Reflation trade happens when there is the prospect of growth following a badly hit economic loss. The reasons for the reflation push include positive developments such as the coronavirus vaccine rollouts progressing, the hope of …
One of the biggest casualties of the coronavirus pandemic in March 2020 was the aviation sector. As country after country imposed restrictions on international flights to curb the spread of the virus, the aviation sector began to feel the pinch. According to the International Air Transport Association (IATA), air traffic demand for international travel dropped …
After a lull of several months when Covid-19 cases had seen a considerable decline, the active cases have been on the rise again, with February 21 registering 14,199 new cases. New cases had hit a low of 9,121 on February 16. Fears of a second wave and increased restrictions have dragged the stock market down, …
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 …
