Daily Market Analysis – 25th May 2021 (Growth)
SBI’s corp loan book hints at a change in market growth dynamics- India’s largest lender, State Bank of India, posted a total corporate credit growth of 2.6% in FY21, including loans and debt investments such as bonds and commercial papers; however, if only loans are considered, SBI’s corporate book contracted 3%. Indian banks are realizing that to be able to see any...
Daily Market Analysis – 22nd Apr 2021
Auto Industry & Its Impact On Indian Economy – India became the fourth largest auto market in 2019 displacing Germany with about 3.99 million units sold in passenger & commercial vehicles categories. India is expected to displace Japan as the third-largest auto market by 2021. Our country is also a prominent auto exporter and has strong export growth expectations for the near...
Daily Market Analysis – 26th Feb 2021
1. Petrol Diesel Price Rise India is the World’s Third- largest oil market and depends heavily on crude oil. India consumes nearly 211.6 million tonnes of oil every year. India does not have enough reserves. India depends on imports with some of the blame on the Organisation of petroleum exporting countries, and they have cut supplies but the demand is rising. Owing to this,...
Daily Market Analysis – 29th Jan 2021
Sundaram AMC to take over Principal Mutual Fund in India: Sundaram Asset Management Company Limited has announced the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. Sundaram will acquire the schemes managed by Principal Asset Management and acquire 100% of the share capital of Principal AMC. Sundaram Mutual has over Rs 40,000 crores in assets under...
Daily Market Analysis – 12th Nov 2020
Govt announced the PLI scheme, finance minister Nirmala Sitharaman addresses the media. In a momentous push to make India a manufacturing hub, the Modi govt has approved the Production-Linked Incentive (PLI) scheme to 10 more key sectors after mobile, electronic components, and pharma sectors. The total financial outlay stands at about Rs 2 lakh crore.#AatmaNirbharBharat GDP...
Daily Market Analysis – 10th Nov 2020
Tata Steel to lift 45,000 tonnes metal from Hind Zinc in Atmanirbhar move Tata Steel, the country’s oldest producer, has signed a Memorandum of Understanding to procure its complete domestic zinc requirements from Hindustan Zinc, India’s largest and the world’s fifth-largest zinc producer. Under this MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL...