NIVESH-FIC KMVCompany Background Wirecard, founded in 1999, is a German real time payment solution provider. It recently grabbed a lot of attention as their balance sheet was reportedly “missing” 1.9 billion dollars. The history of the company is much like a rollercoaster, it has seen its fair share of highs and lows, from being on the […]
THE DEALFacebook, certainly the largest social media player based in USA, has invested Rs. 43,574 crores in Reliance Jio, a Reliance Industries Ltd. undertaking, for a 9.99% stake. The news came out on 22 April morning and triggered the bulls for both the shares on their respective markets. RIL (on NSE) closed at Rs. 1363.60 […]
For the first time in the history-WTI Crude Oil futures price fell below zero and reached upto a negative of $40.32. US crude oil futures prices were down by 321% on Monday, with WTI crude oil price falling to almost $0 per barrel. This is the biggest single-day decline in the history of crude oil […]
OVERVIEW The recent Australian bushfire has raised serious climate concerns all around the world. The devastating fire was witnessed in the south-eastern states of Australia, New South Wales and Victoria, charring an approximate 12.35mn acres of forest land, an area corresponding to approximately 33 times the area of Delhi. 24-25 people have been reported dead […]
What has transpired until now? The industry started off 2018-19 on a good note with vehicles sales across categories growing 18% to nearly 70 lakh units in the first quarter (April-June 2018). During the quarter, passenger vehicle sales were up nearly 20%, commercial vehicles sales were up 51.55%, and that of two-wheelers grew 16%. Where […]
First of all what exactly are NBFCs? Also called as shadow banks, NBFCs are financial institutions that provide banking services without actually having any banking license. They work with little or no regulation from the agencies. Unlike normal banks which provide a gamut of services, this sector specializes in a particular field. For example, Muthoot […]
After the beginning of the second tenure of the Modi government ever day brings with it a new package of reforms or policy announcements to address the economic slowdown India is grappling with. On Friday, Finance Minister Nirmala Sitharaman announced the government’s decision to merge ten public sector banks into four larger entities. This move […]
In this new era of technology, one must not forget the golden rule- think about the future because the present is obsolete. It is hard to find anyone who has never heard about bitcoins and cryptocurrencies, but has anyone ever thought what force or technology works behind it? The answer is blockchain. Blockchain has completely […]
On 23rd August, 2019 FM Nirmala Sitharaman unveiled the much-anticipated stimulus measures to boost the economy, perk up markets and address tax issues, lifting the credit flow, besides seeking to aid the auto sector. Are the announcements good enough for our economy? The following are the announcements and their impacts : Facilitating Wealth Creators CSR […]
It is well said that the investors do have a sixth sense! On the last day of July, Policymakers led by Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate by 25 basis points for the first time since 2008 financial Crisis, a move that was widely predicted by economists […]
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