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The economy of any country is determined by its GDP (Gross Domestic Product). GDP is the total market value of goods and services produced by a country in a year. The ranking of the country’s economy also fluctuates due to the rise and fall of GDP from year to year. Fluctuations in the currency of […]
What exactly are Large Cap Funds? Large Cap Mutual Funds are open-ended equity funds that invest primarily in large cap companies. These funds must invest at least 80% of their total assets in large cap equity and equity-related instruments. According to SEBI, large cap companies are the top 100 companies in terms of total market […]
The Reserve Bank of India will conduct a variable rate reverse auction for Rs 75,000 crore on January 24, said the central bank in a release. The VRRR is undertaken to reduce the money flow by taking out existing cash present in the system. The RBI has been rebalancing the surplus liquidity in the system […]
While India is rebounding at the quickest pace among major economies this year, finance minister Nirmala Sitharaman will need more than just stimulus to keep this run sustainable. A string of state polls next month and a Covid variant only makes her task challenging. 1. Economists are rooting for a gradual fiscal consolidation path, capital […]
The Gurgaon-based fintech startup plans to use the funds to expand the product offerings and strengthen its team across engineering, product, sales, credit and operations, to support its accelerated growth plans.
Approval for declassification of Vijay Shekar Sharma as the promoter is important but the stake held by Alibaba and Ant Group is also a matter which could be under SEBI’s lens for Paytm to be eligible for getting Professionally Managed Company status.
Dodla Dairy IPO aims to raise Rs 520.17 crore through its public issue that comprises a fresh issue of Rs 50 crore and an offer for sale of up to 1,09,85,444 equity shares by the existing selling shareholders including TPG Dodla Dairy Holdings.
Indian Medical Association (IMA) conducted a nationwide protest today, on 18th June, demanding a central law to protect doctors against violence. The protest started at 9 am Today. Earlier Today as reported by ANI news, doctors and other opposition parties were seen outside AIIMS Delhi protesting for their rights and demanding a sperate law for […]
Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, said report
Lockdowns forced by the states in April and May to contain the second rush of the lethal COVID-19 pandemic has likely prompted the economy contracting 12% in the June quarter as against 23.9 per cent constriction in a similar quarter in 2020, says a financier report. The economy had its most exceedingly awful compression on […]