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India is the 5th largest economy in the world and the fastest-growing emerging economy. As of 2019, India’s nominal GDP stands at $2.94 trillion and it aims to aggressively accelerate this growth and hit the $5 trillion mark by 2025. The negative effects of the COVID-19 pandemic have affected the entire world. While the world searches for a vaccine, foreign investors of all sizes, be it FPIs or FDIs, are looking for safe-haven investment destinations Read More

Global markets and US stock futures declined Thursday after the Federal Reserve warned the coronavirus pandemic might threaten the modest economic recovery and kept interest rates near zero. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated after spending part of the day in positive territory. Lower interest rates and investor optimism about a possible coronavirus vaccine have helped global markets recover most of this year’s losses. But analysts say it might be Read More

The coronavirus pandemic is likely to take a toll on steel businesses in India as the steel consumption in the country is expected to fall by at least 10 per cent for rated Indian steel-makers in the 12 months to March 2021. The ongoing demand shock and an inability to pass on elevated costs to customers will severely hit the profitability of Asia Pacific steelmakers over the year to March 2021, said a report by Read More

Indian drugmakers are on track to become a staple investment for some equity investors after being spurned for at least five years. The S&P BSE Healthcare Index has risen 27% this year, set for its first yearly outperformance in five versus the S&P BSE Sensex Index. The benchmark gauge has just one pharmaceutical member, Sun Pharmaceutical Ltd. That means the Sensex was unable to benefit from a stellar rally in some of the largest drugmakers Read More

Reliance Industries (RIL) share price surged 3.73 per cent to hit a fresh all-time of Rs 2,078.90 apiece on BSE, becoming the first Indian company to have a market capitalisation of Rs 13 lakh crore. RIL took just eight trading sessions to climb up to Rs 13 lakh crore m-cap from Rs 12 lakh crore. Last month the total m-cap of the oil-to-telecom conglomerate stood at Rs 11 lakh crore. The stock has been rallying Read More