Samie Modak &Amp;Amp; Anup Roy

Stories by Samie Modak &Amp;Amp; Anup Roy

Sebi paves way for LIC's mega float

Sebi paves way for LIC's mega float

Rediff.com   18 Feb 2021

Sebi's change of rules will give the government -- which owns 100 per cent of LIC -- the flexibility to assess market demand and opt for lower dilution.

RBI's intervention drives down 10-year bond yields to 6% level

RBI's intervention drives down 10-year bond yields to 6% level

Rediff.com   11 Feb 2021

The central bank bought the 10-year bonds at 50 paise above the prevailing rate, and brought down the yields from 6.08 per cent to 6 per cent mark.

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

Rediff.com   9 Feb 2021

However, the RBI is still not in a mood to issue an OMO calendar, which was the expectation in some sections of the market.

Budget cuts revenue expenditure on welfare schemes, salary, pension

Budget cuts revenue expenditure on welfare schemes, salary, pension

Rediff.com   2 Feb 2021

The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.

Public sector IPOs to warm up to anchor investors

Public sector IPOs to warm up to anchor investors

Rediff.com   29 Jan 2021

Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.

RBI to crack whip on recovery agents, calls for restricting messaging apps

RBI to crack whip on recovery agents, calls for restricting messaging apps

Rediff.com   28 Jan 2021

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Rediff.com   22 Jan 2021

A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.

Cash was king in 2020 even as digital transactions increased

Cash was king in 2020 even as digital transactions increased

Rediff.com   20 Jan 2021

The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.

Tata Consumer may be added to Nifty

Tata Consumer may be added to Nifty

Rediff.com   16 Jan 2021

The firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March.

TCS' market capitalisation touches all-time high of Rs 12 trillion

TCS' market capitalisation touches all-time high of Rs 12 trillion

Rediff.com   15 Jan 2021

Currently, TCS is India's second most valuable firm after Reliance Industries, which has a market cap of nearly Rs 12.9 trillion.

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

Rediff.com   5 Jan 2021

The paper seems to be suggesting strongly that the tight target range be maintained even as the central bank is all set to miss the target range for three consecutive quarters because of the Covid crisis.

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

Rediff.com   2 Jan 2021

Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.

Frauds decline in banking system as RBI increases supervision

Frauds decline in banking system as RBI increases supervision

Rediff.com   31 Dec 2020

According to the Trends and Progress Report of the RBI, 98 per cent of frauds in terms of value were related to loans, and their occurrence was spread over several previous years.

Mutual funds set for digital disruption

Mutual funds set for digital disruption

Rediff.com   31 Dec 2020

Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.

''No' vote could mean liquidation of securities'

''No' vote could mean liquidation of securities'

Rediff.com   26 Dec 2020

'We know that returning money to unitholders at the earliest is the first and most important step towards resurrecting our brand and regaining investor trust.'

Why RBI wants rupee to remain weak for some more time

Why RBI wants rupee to remain weak for some more time

Rediff.com   24 Dec 2020

The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.

ATM-isation of banking is here

ATM-isation of banking is here

Rediff.com   22 Dec 2020

But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.

India's m-cap hits $2.5 trillion after soaring 91% from March lows

India's m-cap hits $2.5 trillion after soaring 91% from March lows

Rediff.com   17 Dec 2020

In rupee terms, India's market cap is currently about Rs 184 trillion - 90 per cent of the GDP of Rs 203 trillion for FY20 at current prices.

'If junk stocks are rising, one has to be careful'

'If junk stocks are rising, one has to be careful'

Rediff.com   16 Dec 2020

'Investors should put their money in stocks where the margin of safety is high.'

IPOs have a very good 2020

IPOs have a very good 2020

Rediff.com   15 Dec 2020

Shares of all the 14 companies are currently trading above their issue price.