An ominous warning from American investor Jim Rogers: if India runs up debt, it’ll have a problem just like America did a few months ago. In the early months of 2023, there were headlines all over the place about how the US might be running out of cash as it neared its debt ceiling. “Is … Read more
In line with India’s neighborhood first policy and a significant boost to some neighboring countries, the budget allocation for the Ministry of External Affairs saw increased funding for Nepal and Sri Lanka. Nepal will receive ₹700 crore, up from the revised ₹650 crore allocated last year, while Sri Lanka’s allocation increases to ₹245 crore, a … Read more
Reasons for Focus on Jobs during Union Budget 2024 There are 3 reasons why jobs are likely to be in focus during Union Budget 2024. First, of course, is the fact that the BJP fell short of the majority mark in the recently concluded Lok Sabha elections 2024, and the government will be looking to … Read more
The Indian government bonds are a hit with foreign investors. Investments by Foreign portfolio investors has crossed a $1 billion Mark in just 19 days after government securities were included in the JP Morgan Global Bond index on June 28th. Inclusion in JP Morgan Global Bond Index This information was asked for the data from … Read more
Indian aviation has reported its best ever half-year traffic, with 7.93 crore passengers between January and June this year, compared to 7.60 crore passengers during the same period last year. Domestic Aviation Surpasses Pre-Pandemic Numbers So far, 2023 has been the best ever year for domestic aviation in India, surpassing pre-pandemic numbers by 5.77%. The … Read more
Ola Electric is likely to value the company at around $4.5 billion for its upcoming IPO, citing people in the know, according to a Money Control report. This valuation is 16-17% lower than its last private equity round. Previous Valuation and Funding The Soft Bank-backed Indian e-scooter maker was valued at around $5.4 billion in … Read more
Once valued at $22 billion, Tech startup Byju’s is now facing bankruptcy. Founder Brendan has lost immediate operational control following an insolvency petition filed against it by India’s powerful Cricket Board, BCCI. This comes months after key investors sought to oust him from the company he founded. BCCI dragged Byju’s former sponsorship partner of the … Read more
Zomato, the food delivery giant, has delivered 3 times returns in 3 years to its IPO investors. The IPO price band was Rs. 72 to 76 per share when it closed on July 16th, 2021. While now, the stocks of Zomato closed around Rs. 230 on Monday, up 200% from its initial public offering. Zomato’s … Read more
The European Union has accused Elon Musk’s X.com, previously known as Twitter, of multiple violations of the Digital Services Act. Blue Check Mark Controversy The EU alleges that Musk’s X platform misleads users with its blue check marks for certified accounts and violates EU content rules. Regulatory Concerns on Account Verification An EU Commission spokesperson … Read more
Gold has outshone Indian equity markets in the past 6 months. While the NSE Nifty has risen close to 14% in the last 6 months, the yellow metal has surged by 18%. Factors Driving Gold’s Surge Gold prices surged to an all-time high in mid-May driven by robust safe haven and hedge fund purchases. This … Read more