Shares of Yes Bank surged as much as 38% on Thursday following a statement by the bank that they had received a binding offer worth $ 1.2 Billion from global investors as a part of its efforts to raise funds. The bank had earlier stated that they were in advanced talks to raise funds from... Continue Reading →
Real Estate’s State!
The number of Real Estate firms entering Bankruptcy proceedings have more than doubled this year to a total of 421 by the end of June itself. This slowdown has mainly been triggered by the fall of IL&FS, one of the leading NBFC's (Non - Baking Finance Companies) in the country (at that time), an event... Continue Reading →
RBI Policy Meet! Rates and GDP Forecast, Both Lowered.
In an expected announcement, the RBI today cut the Repo Rate further by 25 bps, a bit lower than the Street's expectations. This was the fifth consecutive rate cut by the Central Bank in a bid to tackle the slowdown India currently faces.This takes the rate cut tally to a total of 135 bps, which... Continue Reading →
Losses of a Year Recovered in a Day?
Posting its BIGGEST SINGLE DAY GAIN in a decade, both, the SENSEX and NIFTY gained 5.32% each on Friday. Backed by the 4th stimulus package introduced by the FM, both the indexes made investors richer by a whooping Rs. 7 Lakh Crore. All in one day. The highlight of the Package? Lowering the Corporate Tax... Continue Reading →
GDP Slowdown?
In yet another blow to the economy, the GDP growth rate for the second quarter of 2019 clocked in at 5 % which was way below the already low expectations of 5.6 – 5.8%. This has been the 6th straight QoQ fall in the GDP Growth Rate after its peak of 8% in January 2018.... Continue Reading →
The Financial Forum 