Economy News

Sensex is up 200 points; puts equity benchmarks in green [see details]

On Thursday morning, the leading Indian equity indices traded in the green, with the BSE Sensex surging nearly 200 points. Larsen & Toubro, Infosys, and Tata Steel have been the main gainers on the Sensex so far, while Power Grid, NTPC, and Reliance Industries have been the major losers.

Jun 24, 2021

People are saving less as inflation is surpassing past record

According to the Reserve Bank of India's (RBI) Preliminary Estimates of Household Financial Savings, the economy's openness and the easing of Covid infections last year had an impact on household financial savings.

Jun 23, 2021

SEBI halts PNB Housing's preferential share offering of Rs 4,000 crore; Here's why

The Securities and Exchange Board of India (SEBI) has ordered PNB Housing Finance to postpone a proposed preferential offer of up to Rs 4,000 crore in shares to Carlyle Group Inc.-controlled companies.

Jun 21, 2021

India's foreign exchange reserves rise by $3bn last week, reach $608bn

According to the Reserve Bank of India's (RBI) weekly data supplement, foreign exchange reserves increased to $608.081 billion from $605.008 billion. The country's reserve position with the International Monetary Fund (IMF) increased by $11 million to $5.011 billion.

Jun 19, 2021

Equity indices in red tracking Asian markets; Sensex down by 98 points

In the Asian markets, the leading Indian equity indices traded in the negative territory.

Jun 17, 2021

E-filing: Finance Ministry, Infosys officials to address new I-T Portal glitches

The Finance Ministry will host an interactive discussion with Infosys on June 22 to discuss faults and problems in the recently introduced e-filing system that are causing taxpayer inconvenience.

Jun 16, 2021

Analysis: Adani stocks reflect similar set of FPIs while mutual fund holdings remain low

Despite the fact that Adani Group stocks have been on fire in recent months, an analysis of shareholdings shows that in the March 2021 quarter, a similar set of top FPI holdings across institutional and mutual funds decreased. In addition, mutual fund stock holdings are very small.

Jun 15, 2021

Retail investors can look forward to big IPOs raising Rs 1.12 lakh cr; LIC still on cards

Retail investors will have the opportunity to participate in high-quality initial public offerings (IPOs), as several well-known companies, like LIC, are planning to do so. The financial services industry dominates the IPO list.

Jun 14, 2021

FPIs invest Rs 15,520 cr in Indian equities in June leading to record high in Sensex, Nifty

So far in June, Foreign Portfolio Investors (FPIs) have made a net investment of Rs 15,520 crore in Indian equities. The leading Indian equity indices have recently surged to new highs in tandem with the surge in FPIs.

Jun 14, 2021

GST council slashes rates on Covid items; Vaccine remains taxed at 5%

On Saturday, the GST Council resolved to reduce the rates of many Covid-relief items from 12 to 18 percent to 5%. The council agreed to follow the recommendations of the Group of Ministers, according to Finance Minister Nirmala Sitharaman

Jun 12, 2021

European firms rushing to invest in China after Covid pandemic [Details]

European businesses have seen higher margin in China than globally and are increasing investment in the country following its quick recovery from the Covid-19 pandemic last year, according to a report.

Jun 9, 2021

Franklin Templeton APAC head Vivek Kudva may appeal against SEBI ban

After the Securities and Exchange Board of India (SEBI) imposed a one-year suspension on Vivek Kudva, the Head of Asia Pacific Distribution for Franklin Templeton, he is considering appealing the ruling to the Securities Appellate Tribunal (SAT).

Jun 8, 2021

Neglecting inflation leaves global economies sitting on a time bomb: Report

According to Deutsche Bank, if the Federal Reserve maintains its current policy position of keeping interest rates steady, inflation will rebound. "Inflation will reappear in 2023, though it may take a year longer," predicts economist David Folkerts-Landau.

Jun 8, 2021

Covid Casualty: India's YoY FY21 GDP records -7.3%

India's economy was severely battered by Covid-induced instability in the last fiscal year, with its growth rate plummeting to Minus -7.3 per cent.

Jun 1, 2021

No stimulus but more Covid exemptions in GST announced by FM

According to the finance minister at the GST council, no final decision has been made on a fresh stimulus plan to boost the economy amid the pandemic.

May 29, 2021

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