RBI announced the second tranche of acquiring government securities on 15 July under the Government Securities and Acquisition Programme 2.0 or G-SAP 2.0. According to this announcement, RBI will purchase securities worth Rs. 20,000 crores on 22 July. The auction results will be available on that date itself. Moreover, applicants will receive their securities in …
Ambani’s Shopping Binge Continues Reliance Retail made an open offer to JustDial investors at a 5% discount to the current price, which dragged on the latter’s stock on Monday. The Just Dial stock dropped to a low of Rs. 1,016 on Monday before recovering to Rs. 1,023 — still down 4.67 percent for the day. …
An Overview In the first two months of the current fiscal year, India continued to garner significant foreign direct investment inflows. Inflows increased in April-May compared to the same period last year. However, a third of the inflows were due to secondary market purchases of shares rather than company investments in facilities, allowing the country …
Unilever’s mid-year results should provide a sign of how the FMCG giant is managing the increasing commodity and transportation costs. Moreover, it will show if they have managed to navigate a price hike without compromising sales volume. Even though Unilever, in its earlier prediction, did not foresee any significant changes to its underlying profits, analysts …
A Brief Overview The 2nd wave of the Coronavirus pandemic wreaked havoc on the Indian economy which up until its onslaught, was beginning to witness an upturn. The re-imposition of lockdowns across the country, however, meant that all forms of commerce and economic activity reduced their pace of operations which adversely affected their returns as well …
On 25 June, online medicine delivery start-up PharmEasy declared it would acquire a 66.1% stake in diagnostic chain Thyrocare Technologies Ltd. PharmEasy’s parent company, API Holdings Ltd., confirmed the “signing of definitive documents” for a deal worth Rs. 4,546 crores in an official statement on Friday. DocOn Technologies Pvt. Ltd., a subsidiary of PharmEasy’s parent …
Software giant Infosys has launched a Rs 9,200-crore worth share buyback plan on June 25, wherein the IT firm has planned to buy shares back at a price capped at Rs 1,750 per share. The approval for the buyback was given in April 2021, while the shareholders gave the go-ahead on June 19. The last …
On 28 June Monday, Nirmala Sitharaman announced a slew of new economic measures to revive an economy tattered by COVID-19. She presented a 7-point relief measure that included financial assistance for different sectors. 7 relief measures announced by the GOI 1. Loan guarantee scheme of Rs. 1.1 lakh crores for coronavirus-affected sectors Under this announcement …
The Reserve Bank of India regularly conducts Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH). On 27 June 2021, it released the July 2021 round of these surveys. What are CCS and IESH? CCS seeks qualitative feedback from respondents on their sentiments on households’ income and spending situation, price level, employment opportunities, …
The Petrol and Diesel prices in India are witnessing record-high levels amidst the economic slowdown caused by the pandemic. All the Indian cities currently are charging above Rs.90 per liter of petrol, wherein some like Bangalore, Bhopal, Hyderabad, Jaipur, and Mumbai have crossed the Rs.100 per liter mark. Diesel prices are also running above Rs.80 …
