Finance and Investment Cell, Ramjas College

Operating strategically towards imparting financial literacy through creative & interactive content, discussions & analytical financial research work!

[Finance and Investment Cell, Ramjas College @ficramjas]

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[Finance and Investment Cell, Ramjas College @ficramjas]

Asserting that cooperatives will also play a crucial role in making India a USD 5Tr economy, Union Cooperation Minister Amit Shah on Sat said the Centre will soon come out with a new cooperative policy nd work in tandem wid states 2 empower the cooperative movement
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[Finance and Investment Cell, Ramjas College @ficramjas]

Infosys has reported 3 crore logins on the income tax portal and close to 1.5 crore income tax returns filed in the new I-T portal.

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[Finance and Investment Cell, Ramjas College @ficramjas]

During the last week, the 30-share BSE benchmark jumped 710 points or 1.21 per cent. Market benchmark Sensex scaled the 59,000-mark for the first time on Thursday.

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[Finance and Investment Cell, Ramjas College @ficramjas]

Brokerage firm Jefferies has maintained a “buy” rating for ITC. Jefferies has mentioned that ITC is set to witness recovery in its cigarette volumes and earnings in the coming quarter.

#Newsoftheday

[Finance and Investment Cell, Ramjas College @ficramjas]

Four of the top-10 most valued companies together added Rs 65,464.41 crore to market valuation last week, with Bharti Airtel and State Bank of India emerging as the biggest gainers.

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[Finance and Investment Cell, Ramjas College @ficramjas]

The Ministry of Civil Aviation announced on Saturday that airlines can now operate 85 percent of their pre-Covid domestic flights instead of the 72.5 percent allowed so far. Carriers have operated 72.5 percent of their pre-Covid domestic flights since August.

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[Finance and Investment Cell, Ramjas College @ficramjas]

JSW steel has raised $1 billion by issuing sustainability-linked bonds in the offshore market.

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[Finance and Investment Cell, Ramjas College @ficramjas]

The telecom department has proposed a four-year moratorium on AGR and spectrum payments, a media report mentioned citing a senior government official. The official mentioned that the package could be announced as early as this week.

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[Finance and Investment Cell, Ramjas College @ficramjas]

Anurag Thakur and Piyush Goyal in a cabinet Briefing announced that the Cabinet has approved a Production linked incentive scheme for specific segments of the textile sector.

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[Finance and Investment Cell, Ramjas College @ficramjas]

El Salvador becomes the first country to adopt bitcoin as its official currency.

#NewsOfTheDay #Bitcoin

[Finance and Investment Cell, Ramjas College @ficramjas]

Reliance Strategic Business Ventures, a Reliance Industries subsidiary, has acquired 2.28 crores equity shares in Strand life sciences for ₹393 crore.

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[Finance and Investment Cell, Ramjas College @ficramjas]

US Treasury yields have been volatile for the past few months. Currently, the yields have been hovering around the 1.3% mark. After the jobs report on Friday, US treasury yields moved up 2 basis points to 1.322%.

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[Finance and Investment Cell, Ramjas College @ficramjas]

HDFC life to acquire 100% stake in Exide life insurance company for ₹6687 crores.

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[Finance and Investment Cell, Ramjas College @ficramjas]

With 47,092 cases, India reported a sharp rise in COVID-19 cases, this being the highest count in nearly 2 months.

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[Finance and Investment Cell, Ramjas College @ficramjas]

India’s GDP up by 20% , due to low base effect, in the April to June quarter. The fiscal deficit also reached ₹3.21 lakh crores in the same quarter, reaching 21.3% of the whole financial year’s target.

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[Finance and Investment Cell, Ramjas College @ficramjas]

OLA IPO is set to hit the street in early 2022. The business aims to raise at least $1.5-$2 billion, pegging the value of its business at around $12-$14 billion.

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[Finance and Investment Cell, Ramjas College @ficramjas]

Cristiano Ronaldo’s signing rises Manchester United’s share price by 8% , adding over $290 million in its value .
#newsoftheday

[Finance and Investment Cell, Ramjas College @ficramjas]

SEBI has restrained Kotak AMC from launching any FMP schemes for six months. On the brighter side, Reliance Life Sciences, a subsidiary of Reliance industries, has received approval to conduct trials of its recombinant protein-based COVID-19 vaccine.
#newsoftheday

[Finance and Investment Cell, Ramjas College @ficramjas]

Global Oil majors may be looking at acquiring a stake in Bharat Petroleum Ltd. as the government is planning to sell its stake, media reports mentioned.

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