Summer crop area marginally down YoY
The sowing area under pulses and coarse cereals is higher year-on-year, while the acreage of rice and oilseeds is lower.About 19.61 lakh ha area coverage has been reported under pulses compared with 18.44 lakh ha last year. They are mainly in Madhya Pradesh, Bihar, Tamil Nadu, Uttar Pradesh, West Bengal and Gujarat.
How Sebi’s new rules can impact the future of discount broking in India
India’s stockbroking industry is shifting towards online trading platforms and discount brokers thanks to lower costs. Despite the disruption of traditional brokers by discount brokers, the former still offer comprehensive services, including trading in stocks, commodities, currency, asset management and retirement planning. Regulatory changes from the Securities and Exchange Board of India will increase compliance […]
Adani Enterprises, Transmission to raise funds totalling Rs 21,000 crore via QIP
Adani Enterprises is set to raise Rs 12,500 crore and Adani Transmission plans to raise Rs 8,500 crore. This fundraising is expected to boost investor confidence and help the Group service its debt. The fundraising, however, comes as the group is in the middle of an ongoing investigation by a Supreme Court-appointed panel and market […]
DMart Q4 Results: Net profit rises 8% YoY to Rs 505 crore; misses estimates
Avenue Supermarts, the company that operates the DMart chain of stores, posted a 21.11% YoY jump in revenue to Rs 10,337.12 crore. DMart’s margins declined, said CEO and MD Neville Noronha. “Lower consumer spending in general merchandise and apparel continues and has impacted the margin mix downwards,” he added. E-commerce expansion continued in the firm’s […]
Learn With ETMarkets: Demystifying ‘option writing’ & ‘option buying’
Option selling provides limited profit while option buying provides unlimited profit. Moreover, option buying has limited loss while option selling has unlimited loss. Option buying needs less capital, whereas option writing needs more capital. As for the reason why people opt for option writing despite its disadvantages, it will be discussed in the next lesson.
India’s forex reserves surge to a 11-month high of $595.9
Analysts said the Reserve Bank of India had taken the opportunity to build up its reserves amid weakness in the US dollar, which had eased pressure on emerging market currencies such as the rupee. The central bank intervenes in the foreign exchange market to rein in excessive volatility in the exchange rate.
RBI asks banks to ensure complete move away from LIBOR by July
The complete transition from LIBOR is a significant event in the global financial markets which requires continued attention from all stakeholders to mitigate operational risks and ensure an orderly transition, RBI said Friday.
Byju’s raises debt of Rs2K cr linked to Future Aakash IPO
Byju’s has raised a ₹2,000-crore structured credit transaction from Davidson Kempner Capital. The transaction is a three-year loan facility with an equity upside linked to Aakash’s planned IPO, which roughly translates to a 12% annualised fixed coupon rate for the company.