Author: Editor

Deposits in bank accounts opened under the Jan Dhan scheme, launched about seven and half years ago by the government, have crossed the Rs 1.5 lakh crore mark. As per the latest finance ministry data, the total balance in over 44.23 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,50,939.36 crore at December end, […]

January 10, 2022

The Jharkhand government announced a slew of fiscal incentives for those willing to invest in developing tourism facilities, including hotels and resorts, amusement parks, ropeways and adventure sports, to give a boost to the sector and attract tourists to the state. The incentives were announced in the recently-unveiled state tourism policy, which aims to make […]

January 10, 2022

Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as a vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB), a multilateral funding institution, according to sources in the bank on Sunday. India is a founding member of AIIB with the second-highest voting share after China. It is headed by the former […]

January 10, 2022

World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 points last month compared with […]

January 7, 2022

IPO-bound logistics service Delhivery has announced its investment in Falcon Autotech, a logistics automation solutions provider. This is in line with Delhivery’s stated objective of sustained investments in future-ready hardware solutions in its operations. The amount invested is undisclosed by both the firms. With this partnership, Delhivery expects to work closely with Falcon Autotech to design […]

January 7, 2022

Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery. With the investment of $200 million, Reliance Retail will own 25.8% stake in the online delivery platform on a fully diluted basis. Existing investors Lightbox, […]

January 7, 2022

The Sensex reclaimed the 60,000 mark after seven weeks, despite rising Covid-19 cases, as the benchmark indices closed higher for the fourth straight session on Wednesday. Inflows from foreign portfolio investors (FPIs), expectations of good quarterly results, and optimism triggered by positive macroeconomic numbers enthused investors. The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, […]

January 6, 2022

Ajay Tyagi, Head of Equity at UTI AMC has advised that new age investors have to avoid timing the market, have an asset allocation plan, follow this plan systematically and stick with it even when things look volatile in the short run. Investors trying to change their investment strategy every now and then to make […]

January 6, 2022

Fractal, a US-based artificial intelligence firm, becomes the second unicorn in 2022 with the latest investment of $360 million from the private equity firm TPG Capital Asia. The funding will close by the first quarter of 2022. With the latest investment, the company’s valuation has exceeded $1 billion, according to industry sources. Mamaearth, valued at […]

January 6, 2022

The government’s thrust on infrastructure, coupled with an increase in demand from the construction, engineering, and other sectors, is expected to push up domestic steel consumption in 2022, according to brokerages and rating agencies. The country’s consumption is expected to jump to 111 million tonnes (mt) in calendar year 2022 (CY22) after a severely impacted CY20, which […]

January 5, 2022