Mutual Fund SIP Contributes to Set a New Record In August
The investment in the mutual fund continued to surge in August, shows data released from the Association of Mutual funds in India (AMFI). With monthly SIP contributions rising to Rs. 9,923 crore, new SIP registration now reached 25 lakh, the highest number ever. The number of registrations last month was nearly 2.5 times higher than…
John David
India’s MCap Increases By 2x In 18 Months, Escalates To 3.5 Trillion
The strong bull run revives the stress that investors had in late March when global investors were frightened about the economic setbacks due to the Covid-19 pandemic surging to the market. India’s Market Capitalization jumps over 3.5-trillion—almost double from about 1.3-trillion then in March. Several factors contributed to this record-breaking history in the global market,…
Airtel Laden With Massive Debt, Won’t Hang Back From Price Hiking: Sunil Mittal
Bharti Airtel founder and CEO Sunit Mittal stated on Monday that the telecom company has been “laden with extraordinary debt”, and for this reason, the company won’t shrink back from raising tariffs. During an investor call, Mittal also said that he is still favouring the monetisation of assets but at the right time. “Airtel is…
New Scrappage Policy Launched: What Mr. Gadkari Says On It
New Delhi: PM Narendra Modi announced a new scrappage policy on Friday. It is also known as Voluntary Vehicle-Fleet Modernization Program (VVMP). The new scrap policy will bring many new changes across the country, ranging from increased new auto sales to reducing pollution and limiting the road accidents that have been a significant reason for…
Byju’s Acquires US Edtech Company ‘Epic’ for $500 Million
Bangalore | Education technology leader Byju’s has acquired US-based kids learning platform Epic for $500 million. This is not the first time Byju’s has acquired a big education institution. In the past year, the company has acquired WhiteHatJr for $300million and Aakash Educational Services for nearly $1 billion. Byju also acquired US-based Osmo, an education…
How will Healthcare Change in the Next 10 Years?
The year 2017 was a pivotal year when it comes to the future of healthcare. In today’s globalizing world, we are challenged by all the advances in science and technology. The healthcare industry is not immune to these changes. Hospitals and clinics will be looking for ways to improve their services to meet patients’ needs…
Vikas
Employers Add Over 1 Million Jobs In Seven Months, ADP Data Shows
Private job growth data released on Wednesday added to rising confidence that the economy is returning in full force after the pandemic. Private companies posted over 1 million jobs and hired 978,000 employees, it is a signal that the market is reopening as more and more people are vaccinated. ADP Data: Key Points Private payroll…
Sensex, Nifty Closed At Record High, Amid Positive Clue From Global Market
The bulls dominated Dalal Street on Thursday. The first day of the June F&O series and India’s Key Stocks, including Titan, Asian Paints, and Dr. Reddy’s labs, soared to a new record amid confidence that increased vaccination will revive the economy drained by the coronavirus pandemic. The Sensex and Nifty hit an all-time high amid…
Income Tax Return Due Date Extended: Know New ITR Filing Deadline and More
As per the Income Tax law, individual taxpayers filing ITR-1 or 4 are required to file their ITR for the previous financial year (2020-21), which ends March 2021, by 31 July 2021. Owing to Covid-19 pandemic, the income tax department extended the ITR due date for the 2020-21 session. The extension in the ITR filing…
India Recorded Highest FDI Inflow Of US $81.72 Bn in 2020-21
News Delhi- India attracted, for the first time, the highest total Foreign Direct Investment (FDI) of US $81.72 Bn during the financial year 2020-21, according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Monday. FDI equity grew by 19% year-on-year (YOY) in the FY2020-21 (US$59.64 billion) compared…