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RBI Governor Shaktikanta Das: Despite all challenges faced in the economy, mood should remain positive

Despite all the challenges faced by the Indian economy, Shaktikanta Das, governor of Reserve Bank of India stressed on the importance of “sentiment and mood”, which according to him should be “positive and optimistic.” “The mood today ranges from existential angst to a positive attitude,” said by das at FIBAC which is a banking sector… Read More: RBI Governor Shaktikanta Das: Despite all challenges faced in the… »

Indian markets to extend gains on hopes of tax relief for companies

It is said that Indian stock markets may extend gains on this Tuesday monitoring global peers while a government panel mulls tax relief for companies. Asian equities rose further on Tuesday as hope for stimulus in big economies tempered anxiety about a global recession. This has led to an increased appetite for riskier assets while… Read More: Indian markets to extend gains on hopes of tax relief… »

Blu smart, e-mobility start-up raises $2.2 million in seed funding

Blu smart is a start-up based in Delhi. It has managed to raise $2.2 million in seed funding. The investment is received from a group of angel investors along with Jain International Trade Organisation Angel Network leading the round. There are other investors too which include Hero Motocorp, Micromax, Mayfield Fund and Centrum and a… Read More: Blu smart, e-mobility start-up raises $2.2 million in seed funding »

L&T chairman: Make in India is yet to create enough jobs

Make in India was an initiative taken by the government to generate enough jobs for the mass. However, it has failed to fulfill its promise as companies across sectors still prefer to import goods instead of manufacturing them locally as stated by A.M. Naik, the chairman of Larsen and Toubro Ltd. Naik who is also… Read More: L&T chairman: Make in India is yet to create enough… »

Indian stock market to gain as Asian peers rise on stimulus policy

Indian equities are expected to rise higher on Monday riding on optimism in global markets. On Monday, Asian stock witnessed a raise as the hope of more stimulus from central banks around the world and steps being taken by big economies such as China and Germany soothed investors’ fear of a sharp global economic slowdown.… Read More: Indian stock market to gain as Asian peers rise on… »

Apollo Hospitals up 10% in two days on strong Q1 results; nears record high

Shares of Apollo Hospitals Enterprises rallied 7% intra-day to Rs 1,454 apiece on the BSE on this Friday. It is also 52-week high, on strong June quarter results for FY20 (Q1FY20). The stock has increased 10% at the bourses this Tuesday when it reported more than double consolidated net profit at Rs 49 crore. The… Read More: Apollo Hospitals up 10% in two days on strong Q1… »

Finance Ministry asked public sector banks to get suggestions from branches to achieve $5 trillion economy

The finance ministry has asked PSBs to start a consultation process with the branch officers in order to get ideas to achieve a $5 trillion economy in the coming five years. The suggestions emanating from a month-long campaign is said to start from this Saturday. It is going to be used as inputs for the… Read More: Finance Ministry asked public sector banks to get suggestions from… »

Indiabulls housing finance cracks 10% on Moody’s rating downgrade

Shares of Indiabulls Housing Finance (IBH) cracked nearly 10% to Rs 498 in the early BSE trade this Friday morning. This happened after global rating agency Moody’s downgraded the mortgage lender’s long-term corporate family rating to Ba2 from Ba1 while changing its outlook to negative from stable. By ‘negative’ outlook means that the ratings are not going… Read More: Indiabulls housing finance cracks 10% on Moody’s rating downgrade »

Alkemi Venture Partners leads series funding in health-tech start-up Doxper

Health-tech start-up Doxper said that it has managed to raise $4 million in its Series A round of funding which was led by Alkemi Venture Partners. Existing investor GrowX Ventures and some angel investors also participated in the round. Other investors included Rainforest Venture Network and a group of individual investors. Operated by InformDS Technologies… Read More: Alkemi Venture Partners leads series funding in health-tech start-up Doxper »

Modi reviews the state of the economy with Sitharaman, FinMin officials

Prime Minister Narendra Modi took stock of the economy on this Thursday, amid rising concerns over a slowdown, weak consumer confidence and increased loss of investor wealth from falling stock prices. The review took place at the residence of the Prime Minister, after his Independence Day address to the nation. It was attended by Nirmala… Read More: Modi reviews the state of the economy with Sitharaman, FinMin… »