Mukesh Ambani, the visionary leader at the helm of Reliance Industries, delivered a compelling Annual General Meeting (AGM) speech that underscored the company's remarkable achievements and its bold ambitions for the future. Ambani proudly announced that Reliance Industries has made an astounding cumulative investment of $150 billion over…
India is celebrating its 77th anniversary of independence, and the country's economy is sound and stable. India has maintained a fair rate of growth and risen to the fifth-largest economy in the world despite global economic crises. Banks are sound, corporate balance sheets are solid, the external…
The Indian economy has shown resilience in recent years, despite facing a number of challenges. The Reserve Bank of India has played a key role in supporting the economy, and the economy has a number of strengths, including a young and growing population, a large domestic market, and…
Foreign investors have been net buyers of Indian equities in May 2023, with investments reaching a six-month high. This is due to a number of factors, including expectations of lower interest rates from the US Federal Reserve, stability in the US financial services sector, and high earnings growth…
The start of 2023 was looking good with improving supply conditions, a strong economy, optimistic financial markets, and central banks guiding their economies towards a soft landing. However, things have taken a dramatic turn in just a few weeks in March. The global economy is now facing turbulence…
Investment in mutual fund (where not more than 35% is invested in equity shares of Indian company) will now be deemed to be short-term capital gains. This applies to investments made on or after April 1, 2023: This means starting from April 1, 2023, investments in mutual funds…
RBI on Wednesday 8th February started by reminding the historical significance of 2023 for the Reserve Bank of India. 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national institution. Coming to present times, the unprecedented events of the last…
RBI today said that by the end of yet another turbulent year, the global economy is still marred by profound shocks and unprecedented uncertainty, there are mixed signals emanating from the geopolitical situation and financial market volatility. Though international energy, food, and other commodity prices have eased moderately…
RBI on Friday 30th September said that the recent sharp rate hikes and forward guidance about further big rate hikes have caused tightening of financial conditions, extreme volatility, and risk aversion. All segments of the financial market including equity, bond and currency markets are in turmoil across countries.…
Key Highlights: The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90% Reverse repo rate remains unchanged at 3.35%. Decided to remain focused on withdrawal of accommodation The marginal standing facility (MSF) rate and the Bank rate increased by 50 bps to 5.15…