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NEWS
How soon can India get to $5 trn mcap? Between 2025-2031, says Elara
Fri, Jun 25, 2021     Source : Business Standard
Elara says listings of new-age tech companies could be a big driver.
NEWS
Bitcoin to become legal currency in this country from September. How will it be used?
Fri, Jun 25, 2021     Source : Mint
El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on September 7, noting that its use will be optional.
NEWS
Financial stocks showing signs of turning the corner
Fri, Jun 25, 2021     Source : Economic Times
After going through a lot of trouble in the last few years, financials are now turning the corner, says Alok Singh, CIO, BOI AXA Mutual Fund. Edited excerpts:
NEWS
FPIs continue to pay higher tax on dividends despite Budget relief
Fri, Jun 25, 2021     Source : Business Standard
NSDL readying a platform to make it easier for companies to deduct appropriate tax
NEWS
Reliance may compound at 25% for next 10 years
Fri, Jun 25, 2021     Source : EconomicT Times
Reliance is a 25% compounder for the next 10 years, says Deven R Choksey, MD, KR Choksey Investment Managers. Edited excerpts from an interview:
NEWS
Bull run will last for 'very, very long time', says Rakesh Jhunjhunwala
Fri, Jun 25, 2021     Source : Business Standard
Annual equity returns from Indian stocks will be about five percentage points, says ace investor.
NEWS
S&P cuts India's FY22 growth forecast to 9.5% from 11% earlier
Fri, Jun 25, 2021     Source : Business Standard
S&P Global Ratings cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of Covid pandemic
NEWS
Macro indicators encouraging in June: Businesses back on recovery track
Fri, Jun 25, 2021     Source : Economic Times
Business activities across sectors such as auto, consumer goods and electronics, smartphones, ecommerce, hospitality and real estate picked up in June over May, amid falling infections and gradual relaxati...
NEWS
‘Slow revival, inflation, covid key risks to rally’
Fri, Jun 25, 2021     Source : Mint
A planned hike in US interest rates in 2023 has investors around the world worried already, but according to Kenneth Andrade, founder & chief investment officer of Old Bridge Capital Management Pvt.
NEWS
Continuous reforms makes India great place to do business: Nirmala Sitharaman to US investors
Fri, Jun 25, 2021     Source : Financial Express
Speaking at the Global Investors Roundtable organised by the US-India Strategic Partnership Forum (USISPF), the finance minister said that the fiscal situation is under control and is expected to improve f...
NEWS
Eveready powers up for life after debt, but the question of control remains
Fri, Jun 25, 2021     Source : Business Standard
After hefty provisioning for inter-group loans, the Khaitan-managed company says it is back on track. But who will be in control from here on remains an open question
NEWS
Air traveller numbers treble from May low as states get into unlock mode
Fri, Jun 25, 2021     Source : Business Standard
But the grim reality is that the average daily passengers for June from the second week is still around 40 per cent of the levels reached in March when it rose to 313,000 passengers a day
NEWS
Wall Street: S&P 500, Nasdaq end at records on US infrastructure deal
Fri, Jun 25, 2021     Source : Mint
The S&P 500 and Nasdaq finished at fresh records Thursday after US President Joe Biden reached a deal with a bipartisan group of lawmakers on a large infrastructure package.
NEWS
Indian Bank focuses on fee income, cost reduction to boost bottom line
Fri, Jun 25, 2021     Source : Economic Times
Anticipating a slower economic revival, state-owned Indian Bank said that it would focus on cost optimization and increasing fee income to improve the bottom line in FY22.
NEWS
RBI links NBFC dividend payout to capital, NPA norms
Fri, Jun 25, 2021     Source : Business Line
New guidelines also prescribe maximum payout ratio
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