Daily Market Analysis – 18th Feb 2021
Cabinet approves PLI scheme for telecom sector worth ₹12,195 crore The Union Cabinet on Wednesday approved a ₹12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access networks, wireless equipment, and another internet of things (IoT) access devices. The core component of this scheme is to...
Daily Market Analysis – 16th Feb 2021
Vi 5G Rollout, Fund Raising Vodafone Idea Ltd (Vi) on Monday said it is prepared for the rollout of 5G wireless service and plans to fold up its 3G services by FY22 as it bids to move towards becoming a 4G-focussed telco in a bid to boost revenue, although it would keep its 2G services running for years given that it has a large segment of basic phone subscribers. The...
Daily Market Analysis – 15th Feb 2021
1. Rise in Petrol and Diesel Prices The petrol price in Mumbai was Rs. 95 per Litre on Saturday and it has increased by 30 Paisa. Diesel price also increased by 36 paise from the Saturday rates. There is a price difference between Petrol and diesel prices from state to state due to tax and duties. Central And state tax makes up 61% of retail selling price and 56% of diesel prices....
Daily Market Analysis – 12th Feb 2021
1. The government is planning to spend Rs 700 crore on setting up 2,500 farmer producer organizations (FPOs) in 2021-22. This will help the government reach out to 60,000 farmers and provide them with a better farming ecosystem. A group of small and marginal farmers as FPOs will have better bargaining power and financial strength to cultivate high-value crops said, officials. This is part...
Daily Market Analysis – 11th Feb 2021
IRDAI annual report: LIC’s claim settlement ratio deteriorated in FY20 to 96.6% LIC saw its claim settlement ratio deteriorate marginally in FY20 to 96.6% from 97.7% in FY19 even as private insurers increased their settlement ratio to 97.18% from 96.6% in this period. Private sector life insurer Max Life had the highest claim settlement ratio for the industry at 99.2% followed by...
Daily Market Analysis – 10th Feb 2021
Reliance Jio, Bharti Airtel & Vodafone Idea apply to bid in spectrum auctions: Telecom Market leaders Reliance Jio, Bharti Airtel and Vodafone Idea have filed applications for participation in the upcoming 4G spectrum auctions which are due to start on March 1, 2021. The auction for over 2300 MHz of airwaves, valued at Rs 3.92 lakh crore at base price, though is likely to see limited...
Daily Market Analysis – 9th Feb 2021
Adani Group checks into Mumbai Airport by acquiring 23.5% stake; on way to 74% ownership of MIAL The Adani Group has formally checked into Mumbai International Airport Ltd. by acquiring a 23.5 %stake in it held by two foreign firms ACSA and Bid Service Division Mauritius Ltd (Bidvest) Rs 1685.2 cr.Adani Group is going to acquire a 74% stake in MIAL, by getting the right to develop the...
Daily Market Analysis – 5th Feb 2021
Will tax on PF interest also cover contribution to PPF account? Budget 2021 has proposed to levy income tax on interest earned by an employee/person on his/her contribution in excess of Rs 2.5 lakh in a financial year to a provident fund. It appears that tax will apply to the interest earned on contributions made to Employees’ Provident Fund (EPF), Voluntary Provident Fund (VPF) as...
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...
