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…
Key Highlights: The MPC voted unanimously to keep the policy repo rate unchanged at 4% for the eleventh time. Reverse repo rate remains unchanged at 3.35%. The stance remained accommodative. CRR is maintained at 4% The marginal standing facility (MSF) rate and the Bank rate remain unchanged at…
Scheme of Arrangement: Amalgamation of: (i) HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of HDFC Ltd. into HDFC Ltd. and Further of HDFC Ltd. with and into HDFC Bank Limited. Swap Ratio: Shareholders of HDFC Limited as on record date will receive 42 shares of HDFC…
As we are entering a new financial year on a series of adverse global development of Russia invading Ukraine, Federal Reserve has already started raising interest rate after three year and have started taking of reducing their balance sheet as Annual inflation rate in the US accelerated to…
Key Highlights: The MPC voted unanimously to keep the policy repo rate unchanged at 4% for the tenth time. Reverse repo rate remains unchanged at 3.35%. The stance remained accommodative, five members voted in favor, while one voted for expressed reservations. CRR is maintained at 4% Projection for…