Daily Market Analysis – 4th June 2021 (Flipkart)
3 Years after exit, SoftBank looking to reinvest in Flipkart SoftBank Vision Fund has held discussions with Flipkart to invest around $600-700 million, three years after the Japanese group exited the Indian online retailer by selling shares to Walmart Inc. This would mean that Flipkart will stay on as a private company for longer than what was being earlier talked about going Public early...
Daily Market Analysis – 28th Apr 2021 (Cryptocurrency)
Cryptocurrency V/S Traditional Assets (Stocks, Mutual Funds and other Debt products) What is Cryptocurrency? How does it work? And why are they so popular? A cryptocurrency is a form of payment that can be exchanged online for goods and services. Cryptocurrencies work using a technology called a blockchain. Blockchain is a decentralized technology spread across many computers that...
Daily Market Analysis – 4th Feb 2021
RBI brings large NBFCs, UCBs under risk based audit system The Reserve Bank of India (RBI) has brought all deposit-taking non-banking finance companies (NBFCs), non-deposit NBFCs with assets of Rs 5000 crore and more and also urban co-operative banks (UCBs) with assets of Rs 500 crore and above under a risk-based internal audit (RBIA) framework. The risk assessment framework covers...
Daily Market Analysis – 06th Jan 2021
Union Budget 2021-22 to be presented on February 1 The Union Budget for 2021-2022 will be presented on February 1. According to PTI, the Cabinet Committee on Parliamentary Affairs (CCPA) has said the Budget will be presented on February 1 and President Ram Nath Kovind will address a joint sitting of both the Houses of Parliament on January 29. Telecommunication Sector: Telecom dept...
Daily Market Analysis – 3rd Nov 2020
India’s October factory growth at decade high India’s factory activity expanded at its fastest pace in over a decade in October as demand and output continued to recover strongly from corona virus-related disruptions. Companies were convinced that the resurgence in sales will be sustained in coming months, as indicated by a strong upturn in input buying amid restocking...