Latest economy News
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Market Walk
Abbott India Limited’s next dividend will be 275 per share
Abbott India Limited appears to be about to go ex-dividend in the next day or two. The ex-dividend date is typically one business day before the record date, which is the date on which a company determines who is eligible to receive a dividend. The ex-dividend date is significant because any transaction involving a stock must be completed prior to…
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Market Walk
Expanding UPI – Now consumers can also link their credit cards to UPI ids
As part of the development and regulatory announcements made in RBI monetary policy, a key item was enabling the linking of UPI ids with credit cards. What does it really mean and would it make a big difference? Will it expand the base? But first, what exactly does this imply? Linking credit cards with UPI Under the extant RBI regulations,…
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Market Walk
Tata Steel – Will it beat TCS to be the new profitable star of the Tata group?
It looks like finally there is a new star in the Tata group and that is Tata Steel. For a long, TCS has been the company that drove profits and valuations for the Tata group. Now things look all set to change, at least on the profitability front if not on the market capitalization front. Tata Steel may be the…
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Market Walk
LIC IPO – Decision to cut issue size and valuations is the right way ahead
The final word on LIC IPO is expected to be out soon. However, there are enough reports and indications that the Indian government will settle for a smaller size issue and also for lower valuations. That is the most pragmatic approach. Settling for lower valuations The government had originally targeted LIC valuations at around $250 billion, which was later toned…
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Market Walk
India plans to issue $3.3 billion in sovereign green bonds | Top Stock Market News
It is going to be one of the biggest mergers between a giant in food delivery, Zomato, and a big name inquick commerce (Q-commerce), Blinkit. Incidentally, Blinkit was formerly called Grofers. It will be an allstock deal. After Grofers rebranded itself as Blinkit, it had raised $100 million from Zomato. Softbank,which is an investor in Blinkit, will now get 4%…
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Market Walk
EPFO Interest – It is time to rationalize provident fund yields to much lower levels
During the week, the board of the EPFO (Employee Provident Fund Organization) announced interest rates on PF at 8.1% for FY21-22. This is the lowest rate of interest offered since 1977. In a way, the EPFO is on the right track and it just needs to cut EPFO rates much faster. Why EPFO still pays so much? The EPFO is…
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Economy
Surge in commodity prices may push CAD to 2.8 pc of GDP in Q3, says Ind-Ra report
The report said although the Omicron-led COVID wave has subsided, the geopolitical risks to the global recovery have increased due to the Russia-Ukraine conflict. The country’s current account deficit (CAD) is likely to widen to a 13-quarter high of USD 23.6 billion or 2.8 per cent of GDP in October-December 2021-22 due to higher commodity prices following the Russia-Ukraine conflict,…
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Economy
To hike price, or not: Consumer firms caught in a cleft stick
High commodity inflation had also impacted the margins of Maruti Suzuki in the December quarter with its Ebitda declining 30% on a year-on-year basis. Companies in the construction, real estate, FMCG, automobile, and aviation business are caught in a bind with the commodity prices estimated to rise further as a fallout of the Ukraine crisis. If they pass on the…
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Economy
FM Nirmala Sitharaman tells taxman to engage more with assessees
Finance minister Nirmala Sitharaman on Monday asked tax officials under the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) to “keep (their) Saturday free” to engage with assessees to address their grievances. Finance minister Nirmala Sitharaman on Monday asked tax officials under the Central Board of Direct Taxes (CBDT) and Central Board of…
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Top News
Ukraine crisis: ONGC weighs oil-for-dividend exchange for Russia assets
As Russia faces a barrage of sanctions from the US and its Western allies for invading Ukraine, the biggest casualty has been crude oil. State-run oil and gas producer ONGC may weigh swap options — such as crude oil against dividends receivable from its hydrocarbon blocks in Russia — apart from other bargains if the Ukraine crisis persists for a…
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