Tuesday, May 11, 2021

Harshita Sharma

Mutual Funds to Treat Perpetual Bonds as 100-years Papers: SEBI

On Monday, The Securities and Exchange Board of India (SEBI) issued a circular clarifying the valuation of bonds issued under the Basel III framework. SEBI amended the valuation rule attached to perpetual bonds.  The deemed residual maturity of Basel III...

Paytm Gateway Transactions Close To 750 Million; Beats Pre-Covid Records

Paytm, the payment gateway platform, sees its business observing close to 750 million transactions done in a month, beating old records of pre-covid times, said the leading digital payment giant.  During the covid times, people shifted towards online transactions, fueling...

FY21 Brings A Surge In Wealth Of Equity Investors Of ₹89.95 Trillion

Despite the uncertainty and fear amongst investors amid lockdown, the wealth of Equity investors grew by ₹89.95 trillion due as the markets saw a rise of 79.26% in the year 2020-21. It is the all-time high accumulation of investor...

India To See The GDP Growth Of 12% in 2021: Moody’s Analytics

India's economy potentially to grow by 12 per cent in 2021 as imminent prospects have turned into favour, subsequently witnessing a contraction of 7.1 per cent last year, as per Moody's Analytics. A power-packed December quarter, showing the Indian GDP...

Marc Llistosella, Newly Appointed CEO, MD Not Joining The Company: Tata Motors

On Friday, Tata Motors Limited informed Marc Llistosella, the newly-appointed Chief Executive Officer (CEO) and Managing Director (MD), will not be joining his designation at the company. Earlier this year, on 12 February, the biggest automobile manufacturer company announced Marc...

3X Spike In Airtel Subscribers; Jio Still The Largest Wireless Subscriber In India

As per the report of the Telecom Regulatory Authority of India (TRAI)- Telecom Subscription Data, Bharti Airtel added three times more wireless subscribers than Reliance Jio in January 2021. The monthly data provided by the regulatory authority indicates that January...

Chinese Investors Exit Their Stake From India’s Homegrown Twitter- Koo

The Chinese Venture Capital Firm Shunwei Capital has made an exit from the 9% stake they held in Bombinate Technologies, the parent company of Indian Twitter- Koo. The company has witnessed several new Indian stakeholders that bought the minority share...

Hurun India Report Finds New Middle Class, A Novel Household Type In India

On Tuesday, Hurun India released a Wealth Report 2020 describing the distribution of wealth across Indian households. This report has identified a novel household category in India – the ‘New Middle Class’. The report defines the “ New Middle...

Taper Tantrum, Inflation Becomes The New Fear of Fund Managers; Not Covid-19: BofA Survey

Since its inception and unstoppable spread of Coronavirus across the globe, the investors feared it as a "tail risk", but not anymore! The latest survey of global Fund Managers by Bank of America (BofA) shows that the global pandemic...

SEBI Addresses To Investors Redressal, Streamlines IPO Process

In a circular published on Tuesday, the Security Board Of India (SEBI) has proposed to streamline the process of Initial Public Offering (IPO) with the use of Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported...

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A financial news enthusiast and a keen observer of stock market, I bring to you all the updates from the Business World. So, check out my posts and stay tuned with the major (informational) happenings that you should not miss!
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