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RBI's Stand on Market Volatility and Sovereignty: Deputy Governor Rabi Sankar's Take on Forex Stability and ESMA Oversight

RBI's Stand on Market Volatility and Sovereignty: Deputy Governor Rabi Sankar's Take on Forex Stability and ESMA Oversight
9th November, 2024

At a press conference, Deputy Governor Rabi Sankar said that the Reserve Bank of India (RBI) is ready to handle any sudden changes in the exchange rate that might occur due to Donald Trump's presidency. Additionally, he rejected the idea of giving European authorities supervision over India's bond-clearing mechanism, calling it a breach of national sovereignty...

India's Strategic Advantage Amid Rising Trade Tensions Between U.S. and China

India's Strategic Advantage Amid Rising Trade Tensions Between U.S. and China
7th November, 2024

The possible return of Donald Trump to the White House has raised concerns about a more protectionist approach in the world's largest economy. Experts have expressed apprehension over his strong criticisms of existing trade policies, particularly concerning China and India, and his opposition to outsourcing American jobs.

GST Collection in October Rises by 8.9% to ₹1.87 Lakh Crore

GST Collection in October Rises by 8.9% to ₹1.87 Lakh Crore
4th November, 2024

India's GST Revenue reached ₹1.87 lakh crore in October, representing the second-highest monthly GST collection on record. This growth highlights the strength and resilience of India’s economy, even as global uncertainties persist. The October GST collection saw an 8.9% increase compared to last year.

RBI Boosts Domestic Gold Reserves by 100 Tonnes in H1 2024

RBI Boosts Domestic Gold Reserves
30 October, 2024

The Reserve Bank of India (RBI) has raised its domestic gold reserves by over 100 metric tonnes in the first half of the fiscal year, ending in September. This increase also boosted gold’s proportion within the country’s total foreign exchange reserves, reflecting the central bank’s intensified gold acquisitions.

SBI and India Exim Bank Strengthen Trade Financing Support in Africa, Bridging Key Funding Gaps

SBI and India Exim Bank Strengthen Trade Financing Support in Africa Bridging Key Funding Gaps
29 October, 2024

At the India Entrepreneurs Forum (IEF), the South African representatives of the State Bank of India (SBI) and the India Exim Bank emphasised how the two banks are actively helping African companies bridge trade finance gaps. Mahesh Kumar, India's consul general, is leading this conference, which is the first of several cooperative interactions with the IEF intended to improve economic relations.

RBI's Optimistic Growth Forecast Leaves Economists Puzzled

RBI Optimistic Growth Forecast Leaves Economists Puzzled
28 October, 2024

The Reserve Bank of India’s optimistic growth projections for the world’s fastest-growing major economy are stirring both confusion and concern among economists.

Freight Corridors Expected to Contribute Rs 16,000 Crore to India’s GDP

Freight Corridors Expected to Contribute Rs 16,000 Crore to India’s GDP
26 October, 2024

A study found that India's Dedicated Freight Corridors (DFCs) are projected to contribute ₹16,000 crore to the nation's GDP. The launch of the Western DFC (WDFC) has already reduced freight costs and travel times, lowering commodity prices by up to 0.5%. From FY 2018-19 to FY 2022-23, DFCs contributed 2.94% to Indian Railways' revenue growth, handling over 10% of the country’s rail freight.

IMF Projects Significant Manufacturing Shift Towards India and China

IMF Projects Significant Manufacturing Shift Towards India and China
24 October, 2024

The IMF’s latest World Economic Outlook report underscores a notable transition in global manufacturing, favoring emerging markets such as India and China. It forecasts India's GDP growth to ease to 7% in 2024 and 6.5% in 2025, as the surge in demand triggered by the pandemic subsides.

RBI Governor Shaktikanta Das: Rate Cut Premature and Risky Amid Steady Growth

RBI Governor Shaktikanta Das Rate Cut Premature and Risky Amid Steady Growth
21 October, 2024

During the India Credit Forum hosted by Bloomberg, RBI Governor Shaktikanta Das expressed concerns over possibly cutting interest rates in the December upcoming Monetary Policy Committee (MPC) meeting. He emphasized that such a move would be "risky and premature" as India's economic growth remains stable, while inflation shows signs of moderation.

India Grants ₹487 Crore Under Its First-Ever Rupee-Denominated Line of Credit to Mauritius

India Grants ₹487 Crore Under Its First-Ever Rupee-Denominated Line of Credit to Mauritius
18 October, 2024

India has offered a ₹487.60 crore credit line to Mauritius to support the replacement of 100 km of aging water pipelines. This is the first instance of a rupee-denominated loan under the IDEAS scheme, reflecting India’s dedication to advancing socio-economic progress in the Global.

India has granted a new line of credit worth ₹487.60 crore to the Government of Mauritius, aimed at financing a water pipeline replacement project, as announced by the Ministry of External Affairs on Thursday.

SEBI Increases Position Limits in Futures & Options

India Positioned to Address Global Semiconductor
16 October, 2024

On October 16, 2024, the Securities and Exchange Board of India (SEBI) increased the position limits for index futures and options applicable to trading members (TMs). Under the revised rules, the position limit for both client and proprietary trades has been raised to Rs 7,500 crore or 15% of the total open interest in the market, whichever is higher. Previously, the limit for trading members, covering both proprietary and client trades, was Rs 500 crore or 15% of the total open interest. The new position limits are effective immediately, and monitoring based on the previous day's OI will start from April 1, 2025.

India Positioned to Address Global Semiconductor Talent Gap Says New Report

India Positioned to Address Global Semiconductor
16 October, 2024

A recent report highlights India's engineering talent as a crucial asset in addressing the global semiconductor workforce shortage. With the semiconductor market projected to reach USD 1 trillion by 2030, India is set to play a significant role in this growth. The country's semiconductor market alone is expected to expand to USD 80.3 billion by FY28. India may act as a key player in the evolving landscape of the semiconductor sector.

Hyundai Motor India IPO Open on 15th October | GMP, price Band & other things you must knowq

Hyundai Motor India IPO Open on 15th October
11 October, 2024

Three exciting IPOs are currently open for subscription – Western Carriers (India) Limited, Arkade Developers Limited, and Northern Arc Capital Limited. These companies, spanning logistics, real estate, and finance, offer opportunities for investors to participate in their growth. Here’s a detailed look at each IPO, including the offer size, pricing, and grey market premium (GMP) updates.

Ongoing IPOs: Price band, GMP among 10 things to know before subscribing

GMP among 10 things to know before subscribing
September 18, 2024

Three exciting IPOs are currently open for subscription – Western Carriers (India) Limited, Arkade Developers Limited, and Northern Arc Capital Limited. These companies, spanning logistics, real estate, and finance, offer opportunities for investors to participate in their growth. Here’s a detailed look at each IPO, including the offer size, pricing, and grey market premium (GMP) updates.

NIDO Home Finance Ltd NCD July 2024: Key Details and Investment Insights

NIDO Home Finance Ltd NCD July 2024
September 17, 2024

Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited), a part of the Edelweiss Group, is a Housing Finance Company that has been providing access to credit to customers for various kinds of loans since 2010, is set to launch its Non-Convertible Debentures (NCDs) in Sep 2024. This article provides a comprehensive overview of the NCD issue, key details, and the company's background to help potential investors make informed decisions.

Bajaj Housing Finance IPO Day 2: Latest GMP, Subscription Update, Review, and Key Insights – Is It Worth Applying?

Bajaj Housing Finance IPO Day
September 10, 2024

Bajaj Housing Finance Limited (BHFL) launched its initial public offering (IPO) on Monday, with the issue open for subscription until Wednesday, 11th September 2024. The IPO has garnered strong interest from investors in the primary market. The price band for the offering is set between ₹66 and ₹70 per share.

Ongoing and Upcoming Public Issues of Secured NCDs

Ongoing and Upcoming Public Issues of Secured NCDs.png
August 29, 2024

Muthoot Fincorp NCD Tranche I August 2024

Issue Size and Structure :

Base Issue Size (Green Shoe Option): ₹250 crore

Investment Requirements :

Minimum Application: ₹10,000 (10 NCDs)

Important Dates :

Issue Opens: August 28, 2024

Federal Reserve minutes suggest a probable rate cut in September.

Federal Reserve minutes suggest a probable rate cut in September
August 22, 2024

The summary indicated that "the vast majority" of participants at the July 30-31 meeting agreed that, if the data continued to align with expectations, it would likely be appropriate to ease policy at the next meeting. Markets are already fully pricing in a September rate cut, which would be the first since the emergency measures implemented during the early days of the Covid crisis...

Indian Economy Gains Momentum: FDI Skyrockets by 26%, Bad Loans Plummet to 12-Year Low

Indian Economy Gains Momentum
August 20, 2024

India’s economy is showing strong signs of growth and resilience, as highlighted by the latest data from the Reserve Bank of India (RBI). The gross foreign direct investment (FDI) inflows surged by 26.4% to $22.5 billion during the April-June quarter of the current financial year, compared to the same quarter of the previous year. This significant increase has resulted in net FDI rising to $6.9 billion in the first quarter of 2024-25, up from $4.7 billion in the same period of 2023-24...

India's net direct tax collection rises by 22%, reaching ₹6.93 lakh crore.

India net direct tax collection rises by 22 Percent
August 7, 2024

As of August 11, net direct tax collections for this fiscal year have increased by 22.48%, totaling around ₹6.93 lakh crore. This amount includes ₹4.47 lakh crore from personal income tax and ₹2.22 lakh crore from corporate tax. Additionally, ₹21,599 crore was collected through the Securities Transaction Tax (STT), with other taxes contributing ₹1,617 crore...

Govt proposes an amendment for realty transactions, allowing taxes to be computed at either 12.5% without indexation or 20% with indexation.

Govt proposes an amendment for realty transactions
August 7, 2024

The proposed amendment gives taxpayers a choice between a 12.5% long-term capital gains tax rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024. This change follows Budget 2024's proposal to eliminate indexation benefits. Despite concerns, the Income Tax department considers this development advantageous...

The unwinding of the popular "carry trade" has caused concern in global markets.

caused concern in global markets
August 5, 2024

The Japanese Yen has appreciated significantly, gaining nearly 10% against the US Dollar over the past three weeks, following multiple actions by the Bank of Japan and the local government...

GST collections surged over 10 percent in July, reaching Rs 1.82 lakh crore

GST collections surged over 10 percent in July
July 30, 2024

According to a report by ET Bureau on Thursday, the gross GST collection increased by 10.3 percent, reaching Rs 1,82,075 crore in July. The government has stopped releasing monthly GST collection data. After accounting for refunds, the net collection for July amounted to Rs 1,65,793 crore, reflecting a 14.4 percent year-over-year increase...

India's 10-Year Bond Yield Hits Over2-Year Low Amid Robust Domestic Demand

India 10 Year Bond Yield Hits Over2 Year Low Amid Robust Domestic Demand
July 30, 2024

On Tuesday, Indian government bond yields fell, propelled by strong demand from domestic banks. The 10-year benchmark yield hit its lowest level in two years, reflecting the impact of the Reserve Bank of India's recent liquidity guidelines for lenders. Market...

Ola Electric Mobility announces IPO price band

Ola Electric Mobility announces IPO price band
July 29, 2024

The IPO consists of a fresh issue worth Rs 5500 crore and an offer for sale of up to 84.94 million shares. At the upper price band, the offer for sale amounts to Rs 645.96 crore, bringing the total issue size to Rs 6145.96 crore...

Rupee Hits Record Low Amid Outflows and Weak Risk Appetite

Rupee Hits Record Low Amid Outflows and Weak Risk Appetite
July 26, 2024

On Friday, the Indian rupee hit a historic low of 83.7250 against the U.S. dollar. This decline was fueled by a weak risk appetite, increased dollar demand from oil companies, and outflows from domestic equities. Additionally, the volatility of the Chinese yuan exacerbated the situation, raising concerns over carry trades between the two currencies...

SMC Global Securities Announces NCD Issue for 2024: Key Details and Investment Insights

SMC Global Securities Announces NCD Issue for 2024
July 18, 2024

SMC Global Securities Limited has announced the opening of its Non-Convertible Debentures (NCD) issue for 2024. The issue opens on July 19, 2024, and will remain open until August 1, 2024. This offering provides investors with an opportunity to invest in secured, redeemable NCDs, rated as 'A/Stable' by both CRISIL and ICRA....

IMF raises India's FY25 GDP estimate by 20 basis points to 7%; lowers US forecast

IMF raises India's FY25 GDP estimate by 20 basis points to 7%; lowers US forecast
July 17, 2024

In an update to its World Economic Outlook, the IMF noted that the improved growth forecast for the Indian economy is driven by increasing private consumption, especially in rural areas...

In June, inflows into equity mutual funds surged by 17% to ₹40,608 crore, with SIPs reaching ₹21,262 crore: AMFI.

In June, inflows into equity mutual funds surged
July 9, 2024

In June, inflows into equity mutual funds increased by 17% to ₹40,608 crore from ₹34,697 crore in May. As a result, the total assets under management (AUM) of equity mutual funds reached approximately ₹27.68 lakh crore as of June 30, 2024, compared to ₹25.39 lakh crore on May 31, according to AMFI data...

Edelweiss Financial Services NCD July 2024: Key Details and Investment Insights

Edelweiss Financial Services NCD July 2024
July 4, 2024

Edelweiss Financial Services Limited (EFSL), a well-known investment banking firm based in Mumbai, is set to launch its Non-Convertible Debentures (NCDs) in July 2024. This article provides a comprehensive overview of the NCD issue, key details, and the company's background to help potential investors make informed decisions...

Key Insights on Ongoing and Upcoming IPO & SME IPOs You Need to Know

Key Insights on Ongoing and Upcoming IPO And SME IPOs You Need to Know
June 28, 2024

As the stock market continues to buzz with activity, several companies are preparing to launch their Initial Public Offerings (IPOs) and Small and Medium Enterprise (SME) IPOs. Here's a detailed look at the upcoming IPOs from Emcure Pharmaceuticals Limited, Bansal Wire Industries Limited, Ambey Laboratories, Ganesh Green Bharat and Effwa Infra & Research Limited...

Indian Govt bonds are now included in JP Morgan's bond index. Here's what it means.

Indian Govt bonds are now included in JP Morgan's bond index
June 28, 2024

On Friday, India officially joined JP Morgan's Government Bond Index-Emerging Markets (GBI-EM). This follows a September announcement, paving the way for substantial financial inflows into the world's fifth-largest economy. Starting today, Indian Government Bonds (IGBs) will be included in the index, initially with a one percent weight. This weight will increase by one percentage point each month until it reaches a maximum of 10 percent by March 31, 2025. Consequently, India will join China, Indonesia, and Mexico, each having a maximum cap of 10 percent in the JP Morgan Global Bond Index - Emerging Market Global Diversified Index....

India's FY24 CAD drops to 0.7% of GDP from 2% in FY23, with a Q4 surplus of 0.6%.

India's FY24 CAD drops to 0.7% of GDP from 2% in FY23, with a Q4 surplus of 0.6%
June 24, 2024

India's current account deficit improved significantly to 0.7% of GDP ($23.2 billion) in FY24, down from 2% of GDP ($67 billion) the previous year, due to a reduced merchandise trade deficit, according to the Reserve Bank of India. The current account balance posted a surplus of 0.6% of GDP in Q4 FY24, reversing earlier quarterly deficits....

Key Insights on Ongoing SME IPOs You Need to Know

Ongoing SME IPOs You Need to Know
June 24, 2024

The SME IPO market is currently vibrant, with four notable companies—Shivalic Power Control Limited, Sylvan Plyboard (India) Ltd, Mason Infratech Limited, and Visaman Global Sales Limited—launching their initial public offerings. These companies are offering fresh shares to raise capital for various business objectives, ranging from working capital requirements to expansion projects. Here's a closer look at each of these SME IPOs.....

Ecommerce sellers benefit from improved cash flow due to GST reduction

Ecommerce sellers benefit from improved cash flow due to GST reduction
June 24, 2024

The GST council's recommendations aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in the tax collected at source for electronic commerce operators.....

India's business activity accelerated in June, with job creation reaching an 18-year high, according to the PMI.

India business activity accelerated in June
June 21, 2024

India's business activity grew more rapidly in June compared to May, driven by advancements in manufacturing and services. Job creation surged to its highest level in over 18 years, indicating a robust start to the financial year. HSBC's flash India Composite Purchasing Managers' Index climbed to 60.9 in June, marking nearly three years above the 50-level that separates growth from contraction.....

Saudi Arabia terminates 80-year petrodollar agreement with the US, shifting to multi-currency sales

Saudi Arabia terminates 80-year petrodollar agreement with the US, shifting to multi-currency sales
14 June, 2024

Historical data indicates that Indian stock markets have typically risen in the six months following LokSabha election results, regardless of the outcome. Past elections in 2004, 2009, 2014, and 2019 saw gains in the benchmark indices SENSEX and NIFTY, with increases ranging from 5% to 36%. Key factors influencing post-election market performance include policy reforms, RBI policies, the Union Budget, and global economic conditions. As a result, investors remain cautiously optimistic for 2024.....

Stock Market Trends Following LokSabha Elections: Insights from History

Stock Market Trends Following LokSabha Elections
June 5, 2024

Historical data indicates that Indian stock markets have typically risen in the six months following LokSabha election results, regardless of the outcome. Past elections in 2004, 2009, 2014, and 2019 saw gains in the benchmark indices SENSEX and NIFTY, with increases ranging from 5% to 36%. Key factors influencing post-election market performance include policy reforms, RBI policies, the Union Budget, and global economic conditions. As a result, investors remain cautiously optimistic for 2024.....

Report: OPEC+ Extends Oil Output Cuts into Third Quarter to Bolster Prices

Extends Oil Output Cuts into Third-Quarter to Bolster Prices
June 4, 2024

Oil prices hover around $80 per barrel, falling below the threshold necessary for many OPEC+ members to balance their budgets. Concerns persist over sluggish demand growth in China, the world's leading oil importer, putting downward pressure on prices....

All You Need to Know About Upcoming SME IPOs

Know About Upcoming SME IPOs
June 3, 2024

Ready to invest? Explore the latest SME IPOs for potential growth opportunities! 3C IT Solutions & Telecoms (India) Limited, Sattrix Information Security Limited, and Magenta Lifecare Limited are offering exciting prospects for investors. From IT products and services,data security solutions to foam-based products....

India VIX Plunges 22% as Exit Polls Predict Third Term for PM Modi

Exit Polls Predict Third Term for PM Modi
June 3, 2024

The drop in the India VIX on June 3 was attributed to the release of exit polls on the evening of June 1, 2024, which indicated a clear majority for the BJP-led NDA alliance.

The India VIX, a measure of fear in the Indian stock market, dropped by 22 percent during morning trading on Monday, June 3. Investors seemed to brush off concerns related to the Lok Sabha elections. The India Volatility Index, which tracks market volatility, decreased by 22.2 percent to 19.21 levels from Friday's....

IIFL Samasta Finance NCD Tranche II

IIFL Samasta Finance NCD Tranche II
June 1, 2024

Issue Size and Structure:

  • Base Issue Size (Green Shoe Option): ₹200 crore
  • Oversubscription Option: ₹800 crore
  • Total Issue Size: ₹1000 crore

Investment Requirements :

  • Minimum Application: ₹10,000 (10 NCDs)
  • Bid Lot: 10 NCDs and multiples of 1 NCD thereafter

India's GDP Grows by 7.8% in Q4, Exceeding Expectations; FY24 Growth Reaches 8.2%

India GDP Grows by 7.8 percent in Q4 Exceeding Expectations
June 1, 2024

India's GDP growth rate for the full financial year 2023-24 was 8.2 percent, up from 7 percent in FY23.

India’s Q4 GDP Data Released: The country’s GDP grew by 7.8 percent year-on-year during the January-March 2024 quarter (Q4 FY24), compared to 6.2 percent growth in the same period last year, according to the latest official data released on Friday, May 31. This growth has surpassed analysts’ estimates.....

RBI Transfers 1 Lakh kg of Gold from UK to India, Marking First Large-Scale Move Since 1991

RBI Transfers 1 Lakh kg of Gold from UK to India
June 1, 2024

India's central bank has relocated approximately 100 tonnes of gold from the UK to its domestic vaults, with further transfers planned, according to a report. This major move, the first of its kind since 1991, addresses concerns regarding logistical efficiency and storage diversification. The RBI, which held 822.1 tonnes of gold as of March, worked closely with various government agencies and utilized special aircraft for secure transport.

Foreign funds are returning to Indian bonds as the inclusion in the JPMorgan index approaches.

The JPMorgan index approaches
May 31, 2024

Overseas investors purchased approximately $358 million in bonds on Monday, marking the highest amount in two months and continuing a streak of seven consecutive days of buying, according to data compiled by Bloomberg

Overseas investors bought about $358 million in bonds on Monday, marking the highest amount in two months and extending a seven-day streak of purchases, according to data compiled by Bloomberg. This brings net purchases for May to $709 million, following $1.9 billion in sales in April due to a global risk-off that prompted outflows from emerging markets.....

Exploring Opportunities: SME IPO Investments

Aimtron Electronics
May 30, 2024

Ready to invest? Explore the latest SME IPOs for potential growth opportunities! Aimtron Electronics Limited and Associated Coaters Limited are offering exciting prospects for investors. Fromproducts and solutions for electronics system design and manufacturing topre-treatment and powder coating of aluminum extrusions, each IPO brings a unique story and potential for returns. Dive into the details, consider your investment goals, and seize the opportunity to be part of these promising ventures!....

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