Archive for December, 2020
12/29/2020
By Manish M Suvarna Issuances of commercial papers (CPs) rose sharply by 47.8% year-on-year in April-August due to heavy fundraising by non-banking finance companies (NBFC) for funding requirements, especially to finance high net worth individuals for initial public offerings (IPOs). Funding requirements were largely met through NCD issuances on account of LTRO (Long-Term Repo Operations)
12/29/2020
At least five West Bengal-based companies engaged in a variety of businesses such as packaged food and ethnic wear are planning to raise over Rs 7,000 crore through the IPO route by FY22, according to market sources. As the BSE Sensex has recently scaled the 60,000 mark, there is a beeline of companies across the
12/29/2020
The government needs to take measures for improving financial viability of rental housing projects such as exemption of property tax for pre-defined period and ease of capital for development, according to property consultant CBRE. In its report The Advent of Rental Housing in India, the consultant said that more than 11 million sold units have
12/29/2020
Lotus Herbals has roped in actor Malaika Arora as the brand ambassador for its Lotus Herbals YouthRx brand and its range of natural, anti ageing skincare products. As part of this two-year association, Arora will be featured in the brand The campaign will start from December 15. We are glad that we have such a
Total crypto mcap crosses $2.5T again amid increased investor interest after five months of struggle
12/29/2020
After a five-month gap, the total market cap of cryptocurrencies once again surged past the $2.5 trillion mark as crypto investors continue to bet on digital currencies along with expectations that the first Bitcoin futures exchange-traded fund will reportedly begin trading in the week ahead. The move is expected to boost investors The crypto market
12/29/2020
The Union Cabinet is learnt to have passed a proposal to raise the legal age of marriage for women from 18 to 21 years – the same as men, reported The Indian Express. The report quoted sources saying that following the Cabinet nod to the Bill, the government will introduce an amendment to the Prohibition
12/29/2020
West Bengal on Wednesday reported its first Omicron case after a seven-year-old boy, resident of Murshidabad district, tested positive for the new coronavirus variant, a senior official of the health department said. The boy, the official said, recently returned to Bengal from Abu Dhabi via Hyderabad. He left for a relatives place in Malda from
12/29/2020
By: Ashutosh Sinha The best known, the lesser known, and the somewhat unknown. The IPO market has been a story of that for the last few months. A motley group of companies is looking to make the most of the change in sentiment as they raise money from investors. Around $25 billion has already been
12/29/2020
US stock market indices SP 500 and the tech-heavy Nasdaq Composite ended at record high levels in 2020. During the year in February and March, US stock markets got trapped into a bear market due to heavy sell-off on the back of COVID-19 pandemic. According to Lisa Shalett, Chief Investment Officer, Morgan Stanley Wealth Management,
12/29/2020
Bloomberg: Futures rose Friday as investors digested a proposal for higher taxes to pay for President Joe Biden Contracts on both the SP 500 Index and Nasdaq 100 posted modest gains, signaling the U.S. gauges may be poised to rebound from sharp declines on a Bloomberg News report Biden plans to nearly double the capital
