The global forecasting firm Oxford Economics on Monday revised its estimate of India’s GDP growth to 10.2 percent from 2021, which was already 11.8 percent, indicating the country’s growing health burden of immunization. There is a lack of a solid government strategy to reduce the rate and prevent the epidemic. Oxford Economics also said that …
Oxford Economics slashes India’s 2021 GDP growth estimate to 10.2% Read More »
There has been a heated debate in a community that has been investing for some time now about segregation. The perception is that broader markets were in short supply and that the entire index rally was declining and led by only a few shares. An important question everyone seems to be asking is – Are …
If you want to create wealth, do not take quick decision Read More »
OneWeb said on Tuesday that it has secured $ 550 million (about Rs 4,100 crore) in funding from Eutelsat Communications, which will get about 24 percent stake in the broadband satellite communications company. The Bharti-group-backed OneWeb said the new investment would bring the total fund to $ 1.9 billion in fresh equity.OneWeb statement said, “This …
Bharti-group backed OneWeb receives $ 550 million fund from Eutelsat Read More »
Life Insurance Corp. India (LIC) has reduced its holdings to publicly traded companies in the fourth quarter of the 2021 financial year, down by a regular 3.66 percent of the market price of 296 companies (holding more than one percent) compared to 3.70 percent from December 31, 2020.As of June 30, 2012, the figure was …
Jaypee home buyers, trapped in homes for more than a decade, on May 7, held a lively discussion with NBCC officials who assured them that the government’s construction arm would deliver 70% units within 30 months once the settlement plan was lifted. “The NBCC has included some of the recommendations that we have submitted to …
NBCC assures Jaypee customers to deliver 70% units in 30 months Read More »
HDFC Asset Management Company (AMC) posted a 26.52 per cent increase in profit after tax (PAT) on 27 April to Rs 316.08 crore for the three months to March 2021. In comparison, the company posted a PAT of Rs 249.83 crore in the same period a year ago, HDFC AMC said in a regulatory filing …
Amazon India on Thursday said it had installed 2.5 million MSMEs computers, approved an export increase of about $ 3 billion and helped create nearly a million jobs in the country. Last year, Amazon announced a USD 1 billion investment to empower 10 million digital, small and medium-sized businesses (10MMs), enable USD 10 billion e-commerce …
Mumbai-based housing company Macrotech Developers, formerly known as Lodha Developers, is expected to finalize its IPO budget allocation next week. This was the first IPO for the 2021-22 financial year. The public issue was able to navigate with the help of qualified institutional buyers (QIB) on the last day of bidding, enrolling 1.36 times between …
Tobacco giant head Philip Morris said the company would roll out regular cigarettes in Japan within a decade, in an interview with Nikkei’s daily business on Friday. The Marlboro manufacturer announced in 2016 a long-term goal to stop selling cigarettes and introduce alternatives that they say are less harmful – but this is the first …
Philip Morris phase out cigarettes in Japan within ten years Read More »
South Africa’s forex ( foreign exchange) earnings rose by $ 3.913 billion to $ 588.02 billion last week on April 30, 2021, according to RBI figures on Friday. Last week, April 23, stocks rose $ 1.701 billion to $ 584.107 billion. The forex kitty had reached a peak of $ 590.185 billion last week on …
Indian forex investments exceeded $ 3.91 billion to $ 588.02 billion Read More »
