News Bulletin and Market Update: 3/12/2021

News Bulletin▫️Ola plans to go for IPO in first half of 2022.▫️L&T partnered with ReNew Power to tap into emerging green hydrogen power.▫️ Swiggy to invest $700 million in its instant delivery platform Instamart.▫️2 cases of Omicron variant has been detected in Karnataka.▫️Jet Airways which is set to fly back in 2022, is seeking to [...]

News Bulletin and Market Update: 2/12/2021

News Roundup▫️GST collection in November was ₹1.3 lakh crore, second highest collection ever in a month.▫️IT spending in India is expected to reach $101.8 billion in 2022, up 7% from 2021.▫️ Government decided not to resume international flights, due to Omicron variant.▫️Swiggy to raise $700 million this month, led by marque investor Invesco.▫️ Delivery operators [...]

News Bulletin and Market Update: 26/11/2021

News Bulletin▫️Govt. sources assured that white goods (refrigerator, ac, washing machine, etc.) PLI Scheme of ₹6,238 crore is on track.▫️Experts believe that BPCL sale by FY22 end may not feasible.▫️Under the PM Gati Shakti Scheme, 101 projects are to be completed by 2024-2025, majority of which will be ports.▫️The employment data from EPFO and ESIC, [...]

News Bulletin and Market Update: 25/11/2021

News Bulletin▫️Dream Sports parent company of Dream 11, raised $840 million at a valuation of $8 billion.▫️ Govt. may allow some scope of trading in crypto currency for large institutional investors and completely ban its use as a legal tender.▫️ Cabinet approves bill to repel 3 farm laws.▫️Free ration scheme that was introduced in Covid, [...]

News Bulletin and Market Update: 23/11/2021

News Bulletin(23.11.2021) ▫️Bharti Airtel hiked its prepaid tariffs by up to 25%. This will increase the Company's ARPU close to ₹200 from current 153. ▫️Jerome Powell has been reappointed as Federal Chairman for a term of 4 years. ▫️ Government proposed 15% methanol blending target with Petrol. ▫️ Paytm share price fell by 37% from [...]

News Bulletin and Market Update: 18/11/2021

News Bulletin▫️ Payment channels (UPI, NEFT, IMPS, etc.) witnessed rise in value of transactions in the month of October.▫️ Government has urged corporates to increase their risk appetite and expand operations to boost growth.▫️LIC IPO to hit market between Jan-Mar'2022. ▫️Vedanta is looking to restructure the organisation. This will include demerger and listing of aluminium, [...]

News Bulletin and Market Update: 17/11/2021

News Bulletin ▫️RBI observed that it has big concerns on crypto currency. ▫️ Fitch affirmed India's sovereign rating at 'BBB-' with a 'Negative' outlook. Fitch believes risk to Indian economy has reduced owing to rapid recovery. ▫️ Mensa, which operates umbrella of consumer brands became fastest start up to gain Unicorn status. ▫️ Airlines received [...]