Daily Digest of finance

The markets ended up by more than 1%. Financial stocks were the main gainers today though gains in stocks from other sectors were good too. Axis Bank, ICICI Bank, SBI, IndusInd Bank:  Private banking stocks rose immensely today as buying picked up in the space. SBI Life, HDFC Life: The overall sum assured for the … Read more

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Weekly Updates of Finance

For nearly all athletes, there’s a gear that is extremely crucial. If you’re a batsman, your bat is crucial. If you’re a tennis player, your racket might be crucial. But nearly all athletes that play a sport standing up agree on one gear being extremely crucial: shoes. (Just in case you’re wondering which sport isn’t … Read more

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NDB invests $100 million in fund of funds (FOF) of national investments and infrastructure fund ( NIIF)

This Investment marks new development Bank’s (NDB) first equity investment into india. The Investment aims to support private capital investments in India when indian companies are seeking much – needed equity to achieve their long-term growth. NDB is a multilateral development bank (NDB) established by Brazil,Russia, India,China, and south Africa (BRICS). It’s objectives is to … Read more

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Apprenticeship act to be amended to boost eas of doing business

The apprenticeship act , 1961 provides for regulation and control of training of apprenticeship. Apprenticeship training is a course of training in an industry or establishment, consisting of basic training and on-the -job training. It combines work-based learning with theoretical knowledge of related subjects along with wage earning as a stipend. Under apprenticeship act, firms … Read more

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What is Index of Industrial Production (IIP) in India

IIP turned positive again for December after contacting by 1.9 per cent in November. IIP is an index that tracks manufacturing activity in different sectors of an economy. Manufacturing, Mining and Electricity are the three broad constituents of IIP , with weightage of 77.63% ,14.37% and 7.99% respectively. Electricity,crude oil,coal , cement, steel , refinery … Read more

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Fund Allocate to NGOs for Tribal Welfare

The ministry of tribal affairs is implementing two schemes through Non-governmental organizations (NGOs)/ Voluntary organizations (VOs). Grant-In-Aid to Voluntary organization working for the welfare of scheduled Tribes : To enhance the reach of welfare schemes in services like education, health, drinking water etc in tribal areas. Strengthening education among scheduled Tribe Girls in low literacy … Read more

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Daily Digest of finance

The markets ended more or less flat today. Sensex ended the day in the green while Nifty was in the red. ITC: The company declared its Q3 results. Its year on year quarterly profit declined. Q3 Results: ITC, Grasim ITC The company’s net profit was at Rs 3,662.85 crores during the October to December 2020 … Read more

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Daily Digest of Finance

The markets ended up 0.43% today after ending flat for 2 days. The day opened in green and went downwards till the middle of the day, but caught up again. Hindalco: The company’s Q3 results were announced yesterday.  Sun Pharma: The company settled its whistleblower complaint case today. Titan: The company declared its Q3 results … Read more

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Daily Digest Of Finance

The markets ended flat today – for the second day. The markets had opened lower today but recovered towards the end of the day to close more or less flat. Q3 Results: Titan, Eicher Motors, Hindalco Industries, GAIL Titan Company Titan reported a standalone net profit of Rs 419 crores during the October to December … Read more

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