The EPFO (Employees’ Provident Fund Organisation) has invested Rs. 10,000 crores (minimum) in top-performing public sector undertaking bonds that include NABARD (National Bank for Agriculture and Rural Development), Hindustan Petroleum, and Indian Oil. Some of these have proposed rates up to 9 basis points lower than identical maturity government bonds. Keep reading to know the …
Prior to the much-awaited LIC IPO, AIIEA (All India Insurance Employees Association) proceeded with a nationwide strike on Sunday, 13 February 2022. Keep reading to get more details on this matter! Do They Fear Privatisation? Although LIC IPO will undoubtedly be the country’s greatest-ever, it’s a step towards its privatisation which might compromise the interests …
The Indian economy witnessed a 5.4% growth during the period of October to November 2021 as per the GDP data released on Monday. Madhabi Puri Buch was appointed to take charge of the Securities and Exchange Board of India for three years, beginning from 1 March 2022. She becomes the first woman to head SEBI …
The Government has decided to infuse capital of Rs. 15,000 crores to support the public sector banks for FY 2022. State-owned banks like the Central Bank of India, Punjab and Sind bank are supposed to get this lion’s share through zero-coupon bonds. This will support and enable these weak banks to meet the regulatory requirements. …
According to analysts, the crisis due to the Ukraine-Russia war will remain in the limelight in the upcoming few weeks. Moreover, the special energy prices of Russian forces that target fuel facilities and airfields in specific will dominate the stock market. Learn about it in detail in the following sections. Analysis of the Market Condition …
Former Reserve Bank of India Governor Raghuram Rajan said that India should stop focusing on areas such as agriculture and manufacturing and should start considering other areas instead. Rajan takes a neutral stance and believes that India’s current state requires not being overly optimistic or overly pessimistic. Apart from addressing the various issues facing the …
Consecutive Outflows for Cryptocurrencies Since mid-December, the cryptocurrency sector has witnessed four consecutive weeks of record outflows. As a result, this sector reached a total outflow of around $465 million, with an asset under management of 0.8%. Bitcoin, which is the largest cryptocurrency in the world regarding market cap, posted an outflow of $107 million …
On Tuesday, the oil prices jumped almost 4% as supply concerns eased and expectations of smoothly running operations boosted. The positive push came from the anticipation that the spread of the Omicron variant would not disrupt the global recovery. US WTI saw the biggest one-day percentage rise since November 2021. Brent crude rose above $83.70 …
As trading commenced on Friday the 13th, the looming fears of the Coronavirus pandemic bundled with various other factors made the Nifty nosedive 10% to 8,624 and the Sensex crash by 9.4% to 29,687, resulting in a nation wide trading-halt for the first time in 12 years. What followed in line for the next few …
As the novel coronavirus grew into an official pandemic, the CDC advised that most people stay home to practice social distancing across all affected counties. Naturally, market moves were quite steep on Monday, March 9th. Here are all relevant updates regarding India’s benchmark indices, US Markets, Asian Markets, global commodities, and others in the two …
