Sovereign Gold Bond scheme series IV closes today
Sovereign Gold Bond scheme series IV closes today

Sovereign Gold Bond scheme series IV closes today

Amir Shaikh Article rating: 4.5

In April 2020, Reserve Bank of India had declared that it will issue SGB in six tranches. Meanwhile, its series IV had opened on July 6, which is set to end today. The remaining two series will open for subscription from August 3 to 7, 2020 as well as from August 31 to September 4, 2020

CRISIL expects auto aftermarket spend to slide 11 per cent this fiscal
CRISIL expects auto aftermarket spend to slide 11 per cent this fiscal

CRISIL expects auto aftermarket spend to slide 11 per cent this fiscal

Amir Shaikh Article rating: 4.9

CRISIL released a report on Thursday on automotive aftermarket spending. It expects nearly 11 per cent decline in the current financial year on the auto aftermarket spend due to the nationwide lockdown imposed to prevent the spread of COVID-19

Government to scale-up Capex of PSUs to revive economy
Government to scale-up Capex of PSUs to revive economy

Government to scale-up Capex of PSUs to revive economy

Amir Shaikh Article rating: 4.4

With a view to pump up expenditure and improve the investment climate in the country hit by COVID-19 pandemic, the government has asked public sector undertakings (PSUs) to become vehicles of growth and complete 50 per cent of their capital expenditure for FY21E before the end of Q2FY21

Non-performing assets of NBFCs may increase 5-7 per cent in FY21: ICRA
Non-performing assets of NBFCs may increase 5-7 per cent in FY21: ICRA

Non-performing assets of NBFCs may increase 5-7 per cent in FY21: ICRA

Amir Shaikh Article rating: 4.7

Rating agency ICRA expects non-performing assets (NPAs) of non-banking financial companies (NBFCs) to increase by 5-7 per cent during the fiscal year 2020-21, assuming a slippage of 5-10 per cent of the asset under management (AUM) under the moratorium

Eight core sectors dip 23 per cent in May 2020
Eight core sectors dip 23 per cent in May 2020

Eight core sectors dip 23 per cent in May 2020

Amir Shaikh Article rating: 5.0

Eight core sectors witnessed 23.4 per cent YoY contraction in May 2020, led by the nationwide lockdown to prevent the spread of COVID-19. Among eight core sectors, coal production has 10.33 per cent weight, which dipped 14 per cent YoY in May 2020

Healthy monsoon to support tractor sales amid COVID-19 pandemic
Healthy monsoon to support tractor sales amid COVID-19 pandemic

Healthy monsoon to support tractor sales amid COVID-19 pandemic

Amir Shaikh Article rating: 4.0

Credit rating agency, CRISIL released its forecast on India's tractors on Monday, stating its belief that a good monsoon would act as a cushion for tractor sales amidst the ongoing COVID-19 pandemic

Reserve Bank of India announces special open market operations
Reserve Bank of India announces special open market operations

Reserve Bank of India announces special open market operations

Amir Shaikh Article rating: 3.3

In the view of current and evolving liquidity as well as market conditions, the country’s central bank, Reserve Bank of India (RBI) on Monday has decided to conduct simultaneous purchase and sale of government securities worth Rs 10,000 crore each

PNC Infratech bags order worth Rs 1,412 crore; surges 17 per cent
PNC Infratech bags order worth Rs 1,412 crore; surges 17 per cent

PNC Infratech bags order worth Rs 1,412 crore; surges 17 per cent

Amir Shaikh Article rating: 4.0

Infrastructure developer, PNC Infratech on Thursday, informed the bourses that it has been awarded a project worth Rs 1,412 crore under hybrid annuity model (HAM), which led to nearly 17 per cent surge in the stock price of PNC

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