Financial Brunt Of Covid-19: Fear Of Uncertain Future Grips Investors
At the end of the 78th day of the nationwide Covid-19 lockdown, the feeling of uncertain economic and financial future has gripped majority of the citizens. This was revealed in a survey carried out by IndiaLends, a digital lending platform earlier this month. The nationwide survey of nearly 5,000 respondents threw up no surprises: 94 per […]
Lenovo sees increased demand of laptops, ‘users going up value chain’
The sudden shift to work from home and remote learning during the coronavirus pandemic have resulted in increased demand for laptops between Rs 32,000 and Rs 52,000 in India, according to Lenovo. “We are seeing the biggest traction in the Rs 32,000 to Rs 52,000 price bracket which covers the mainstream laptop segment,” Shailendra Katyal, Executive Director and Head […]
India stares at a long road to economic revival
Small businesses in industrial enclaves across India are confronting the harsh new realities of a post-Covid world as they count their losses from the pandemic and the subsequent lockdown . Cash is short. Supply lines are frayed. Export markets are shut. And workers have vanished. “How do you restart business without labour? They are all […]
ADIA invests `5,683.5 cr in Jio Platforms
Abu Dhabi Investment Authority (ADIA) has invested Rs 5,683.50 crore in Jio Platforms, the digital arm of Reliance Industries (RIL). The latest investment — eighth in the series — values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. ADIA’s investment will translate into […]
Petrol, diesel prices increase by 60 paisa across India
New Delhi: Petrol and diesel price was on Sunday hiked by 60 paisa per litre, as the state-owned oil firms restarted daily price revisions after a 82-day hiatus. Petrol price in Delhi was hiked to Rs 71.86 per litre from Rs 71.26 a litre till Saturday, while diesel rates were increased to Rs 69.99 per litre […]
Sovereign Gold Bond to open on Monday, issue price fixed at Rs 4,677/gm
The third instalment of the Sovereign Gold Bond (SGB) scheme, issued by the Reserve Bank of India (RBI) on behalf of the government, will open for subscription for five days from Monday, June 8. The Sovereign Gold Bond Scheme 2020-21 Series III will be opened for subscription for June 8 to June 12. Sovereign Gold […]
Herbal drugs to rice & dal, ‘swadeshi’ Patanjali goes online to take on Amazon, Flipkart
The company launched the website on a pilot basis on 15 May, but the commercial roll out is expected within this month. Acharya Balkrishna, CEO of Patanjali Ayurveda, told ThePrint the website will be the first e-commerce firm in India to be available in 12 local languages, including Hindi, Sanskrit, Gujarati, Tamil, Punjabi and Marathi. “We have […]
Markets ignore Moody’s downgrade, Sensex rises 3,200 pts in 6 sessions
Stock markets on Tuesday ignored the rating downgrade by Moody’s and rallied 1.57 per cent even as Prime Minister Narendra Modi maintained that the country will get back its economic growth and pledged to undertake more structural reforms. With the global markets also making strong gains on the back of easing of lockdown curbs, the Sensex rose […]
Five Indian states are leading economy to recovery from lockdown
Five Indian states contributing nearly 27% of the country’s gross domestic product are leading a recovery in the economy as it slowly emerges from the world’s biggest lockdown, a study by Elara Securities Inc. shows. Kerala, Punjab, Tamil Nadu, Haryana and Karnataka have seen a pickup in activity, based on an analysis of indicators such […]
Moody’s downgrades India’s sovereign rating, maintains negative outlook
Moody’s Investors Service on Monday downgraded India’s sovereign rating to ‘Baa3’ from ‘Baa2’, saying there will be challenges in implementation of policies to mitigate risks of a sustained period of low growth and deteriorating fiscal position. “Moody’s has today downgraded the Government of India’s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. “Moody’s […]
