TCS will kick-off the June quarter (Q1FY22) earnings season when it reports its numbers on July 8. The near-washed out quarter, hit by the second Covid wave, may see IT, metal, and telecom sectors emerging as winners. Watch this video to know more
As several key Indian states witness record petrol and diesel prices, OPEC’s failure to fix a target for oil production output could hit countries like India even more. Watch this video to understand implications for the Indian economy from Vandana Hari, Founder & CEO of Vanda Insights, a Singapore-based provider of oil markets macro-analysis.
Brent crude futures zoomed past $77.5 a barrel-mark on Tuesday, after OPEC+, on Monday, called off its meeting unexpectedly. This comes after the UAE rejected a proposal by the alliance on increasing oil production. What does this episode mean for the oil markets? Vandana Hari, Founder & CEO of Vanda Insights, a Singapore-based provider of oil markets macro-analysis, explains it in detail. Watch the video
How was the market’s performance in H1CY21 and which sectors positively/negatively surprised the markets? What could be the key triggers that investors should watch out for? Watch video for answers
What are the key takeaways from the March 2021 and FY21 earnings season? Which sectors managed to surprise you positively and negatively? Siji Philip, Senior Research Analyst, Axis Securities, answers some of the key questions in this video. Watch it.
Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. In another big announcement, Reliance Industries Chairman Mukesh Ambani said Jio and Google have jointly developed a power-packed and affordable smartphone 'JioPhone Next', which will be available in the market from September 10. Ambani promised that JioPhone Next will be the most affordable smartphone not just in India but globally. Watch this video for key announcements and road ahead for the company from our experts.
The Reserve Bank of India (RBI) kept interest rates steady at record lows on Friday and reiterated its commitment to keeping policy accommodative as a ferocious second wave of Covid-19 infections threatens to derail the country's economic recovery. RBI Governor Shaktikanta Das said all six members of the MPC voted in favour of keeping rates on hold and maintaining an accommodative monetary policy stance. Watch the video for all the key announcements. >
Bitcoin, the biggest and best-known cryptocurrency, has been under pressure from a series of tweets from Tesla boss Elon Musk. Cryptocurrency price declines last week were sparked by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin. Every time the charismatic billionaire has made a statement about crypto, he’s sparked off financial turmoil. How and why? The video based on Business Standard's Devangshu Datta article "Why cryptocurrency jumps and falls on Elon Musk's tweets" explains in detail. Watch it now. Story link: https://www.business-standard.com/article/markets/explained-why-cryptocurrency-jumps-and-falls-on-elon-musk-s-tweets-121051801378_1.html
The Reserve Bank of India has retained the economic growth projection for the current financial year at 10.5%. In a statement after the first Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said the recent surge in Covid-19 infections adds uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments. In this comprehensive video, we have compiled all the important announcements in eleven different points. Watch it now.
The Reserve Bank of India (RBI) has expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The Monetary Policy Committee (MPC) also kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal. Watch the video for the major highlights of RBI Governor Shaktikanta Das's statement on policy.
Wall Street could be staring at a meltdown as big investment banks including Nomura and Credit Suisse rush to unwind bets in various stocks after a common client defaulted on margin calls. Although the client's name has not been confirmed, media reports claim it to be Archegos Capital Management, a family office run by Bill Hwang. The margin default may lead to Nomura reporting a one-time loss of $2 billion in the March quarter, while Credit Suisse may incur a loss of $1 billion. Should Indian investors worry?
Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported. Including Thursday's gains in Tesla shares, Musk, 49, had a net worth of more than $188.5 billion, $1.5 billion more than Bezos, the report said. The Forbes Billionaires List, however, said Musk still trails Amazon's Bezos by $7.8 billion. Watch the video to know more about the Tesla chief and his ambitions.
Mukesh Ambani, the owner of the industrial behemoth Reliance Industries Limited, was this week dethroned by Hong Kong's lesser known and understated bottled water king Zhong Shanshan, chairman of both bottled water company Nongfu Spring and vaccine maker Beijing Wantai Biological Pharmacy Enterprise. Watch the video to know the story behind his success.
Was your 2020 financially rough? Here's some help. Motilal Oswal Financial Services has released its 25th Annual Wealth Creation Study 2020 where it has shortlisted 25 stocks that are likely to deliver handsome returns over the next 25 years. Watch the video to learn more about these stocks.
A sharp crash in the domestic markets left investors running for cover in Monday's session as benchmark equity indices tumbled. The S&P BSE Sensex lost 2,037 points in intra-day deals to hit a low of 44,923.08. The index, however, recovered partially and ended the day at 45,554 levels - down 3 per cent, or 1,407 points. On the other hand, the Nifty50 ended the day at 13,328 levels, down 3.14 per cent, or 432 points. Watch video to know about three key factors behind today's market crash.
From the big barrier to the early launch of 5G in the country to what makes the next budget different from each one before it, here's what Business Standard columnists wrote this week.
Residential real estate is a tale of two markets– luxury and everything else. A luxury home is all about location, provenance lifestyle – most often characterized by high-end finishes, large sizes, unique architectural details and exceptional amenities. But most importantly a luxury home is high on experiences, where the simple moments of everyday life are elevated to become the art of living. Covid 19 has pushed many luxury homes on sale. Corrected valuations, some discounting, lower interest rates, stamp duty rebates in certain States may have acted as catalyst for fence sitting homebuyers. Data suggests that transactions are happening across top Indian cities within a price bracket of Rs 5 crore to 50 crore and more. People are scouting for larger spaces with grand amenities. Needless to say, people want to get the best version of homes that their imagination, read pockets can stretch to. As the luxury home buyer makes a comeback, let’s find out what is trending in luxury homes acr
The government's tax collections have picked up and high-frequency activity indicators continue to improve on the back of the government's targeted Covid-19 stimulus, Finance Secretary Ajay Bhushan Pandey said. He also said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially. Collection of Goods and Services Tax (GST), levied when a product is consumed or a service is rendered, has risen for the second month in a row.
A number of people have started to look at 'equity investment' as an additional source of income, with uncertainty over their current jobs and also the availability of spare time with 'work from home' scenario, to explore newer avenues. Many edtech companies have reported a huge surge in uptake of financial and stock market related courses. In an exclusive interview with Namrata Kohli, Udemy India MD Irwin Anand explains the significance of upskilling and reskilling in times of Covid-19.
A Monetary policy action is one of the keenly tracked events in an economy. Here's look at at its impact, and how it changes your home loan, other EMIs