Daily Market Analysis – 27th Nov 2020
Paytm Money is planning to introduce loans against mutual funds and invested stocks. The main reason why they are mulling over the idea is to provide short term liquidity to its customers. The interest rate is expected to be competitive at 10.5% with a nominal processing fee. The Moratorium on LVB has now completed i.e customers of the bank can now withdraw more than 25,000. The...
Daily Market Analysis – 26th Nov 2020
Cabinet approves RBI’s proposal to merge Lakshmi Vilas Bank with DBS Bank. As part of the amalgamation, DBIL will infuse fresh capital of ₹2,500 crores into LVB. Analysts and Global Credit Rating Agencies have applauded RBI’s move and said that it will benefit both parties. Amazon Launches Amazon Pharmacy, a delivery service for prescription medications. While Amazon Pharmacy looks to be a...
Daily Market Analysis – 25th Nov 2020
Is your money stuck in Franklin Templeton’s (FT)debt scheme? Well, guess what, there is still time before you can see your money. FT had moved to the Supreme Court against the Karnataka High Court Order. Lost money in the Karvy Fiasco? Good news – NSE has declared Karvy as a defaulter, paving the way for its clients of the troubled broking firm to make claims with the exchange...
Daily Market Analysis – 24th Nov 2020
Gartner estimates that IT spending in India will grow 6% in 2021 to hit $81.9 billion IT spending in India is projected to rise 6 percent to USD 81.9 billion in 2021 compared to this year on the back of growth across segments like enterprise software and IT services, research firm Gartner said on Monday. IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 percent from 2019....
Daily Market Analysis – 23rd Nov 2020
RBI panel’s proposal to allow large companies and shadow lenders into banking services According to the latest recommendations of an internal working group of RBI released on 20th November 2020, non-bank lenders with asset sizes of more than Rs. 50,000 crore should be allowed to convert into banks, provided they have completed 10 years of operation. With the latest development on the...
Daily Market Analysis – 20th Nov 2020
The arrival of a prospective Pfizer and BioNtech vaccine might affect the dollar rates negatively. The Dollar is the safe haven for many investors and savers in times of stress will sink down by 3-6 percent as an economic rebound tends to occur. This is because withthe introduction of the vaccine, there will be greater confidence in the global economy encouraging investors to select riskier...
Daily Market Analysis – 19th Nov 2020
The supreme court case, Tata vs Mistry, in which Shapoorji Pallonji (SP Group)- the largest non-Tata stakeholder, has asked to retract their share in Tata Sons and swap it for a pro-rata stake, will have a court judgment on 2nd December 2020. Tata may offer as much as ₹21,900 crore upfront to buy a part of the Mistry family’s 18.4% stake in the Tata group holding company. A major part of the...
Daily Market Analysis – 18th Nov 2020
HDFC Mutual Fund New CEO Navneet Munot Munot who was an earlier chief investment officer at SBI Mutual Fund will be succeeding Minlind Barbe who has been MD and CEO of HDFC AMC since inception in 2000.DBI Mutual Fund overtook HDFC AMC to become India’s largest asset manager in the last quarter of the financial year 2019-20. The key scheme of HDFC AMC has lagged their peers in recent...
Daily Market Analysis – 12th Nov 2020
Govt announced the PLI scheme, finance minister Nirmala Sitharaman addresses the media. In a momentous push to make India a manufacturing hub, the Modi govt has approved the Production-Linked Incentive (PLI) scheme to 10 more key sectors after mobile, electronic components, and pharma sectors. The total financial outlay stands at about Rs 2 lakh crore.#AatmaNirbharBharat GDP...
