Page 3 - Financial Market

Byju's to make financial results for 2020-21 public next week: Report

Edtech major Byju's is expected to make financial results for 2020-21 public next week after meeting with shareholders, according to sources privy to the development. The company had informed the Ministry of Corporate Affairs in July that it will announce its financial result on September 6. "Byju's has now obtained an unqualified report from our audit partner Deloitte. The board has approved the audited financial results. Byju's is waiting for the shareholder meeting (expected later this week) before announcing the results in the coming week. Byju's is also in the midst of a round and it hopes to share details of that equally soon," a source told PTI. The MCA had issued a notice to Byju's for the delay in filing the financial result. The company had posted around 82 per cent increasing operating revenue of Rs 2,381 crore in the financial year 2019-20 and its losses were Rs 262 crore. Byju's has set a target to close FY2023 with revenue of around Rs 17,000 crore. The company is l

India at 75: 12 landmarks for Indian markets between 2015 and 2020

From top rating for India's financial market regulatory framework to RIL becoming the first Indian company to top $200 bn in m-cap, here are the 12 biggest events for stock markets from 2015 to 2020

Asian stocks shuffle higher as Pelosi presses on amid tension with China

Hong Kong tech shares led the attempted rebound with a gain of 2.8%, reeling in some of the losses suffered as Sino-US frictions flared over a visit to Taipei this week by Nancy Pelosi

RBI takes steps to attract foreign flows, says growth prospects stay strong

RBI said that despite the headwinds from geopolitical developments, elevated crude oil prices and tighter external financial conditions, high frequency indicators point to an ongoing recovery in sever

Global economic growth risks jolt inflation-obsessed financial markets

The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point

Marc Faber's take on the approach to financial markets next year

Business Standard's Puneet Wadhwa talks to Marc Faber, editor and publisher of 'The Gloom, Boom & Doom Report' on how investors should approach the markets next year and his investment strategies

TMS Ep62: Paytm, JioMart, Q&A with Marc Faber, long & short positions

What is Paytm Payments Bank's 'scheduled' status? Can Mukesh Ambani pull off a Jio in B2B retail? What's Marc Faber's take on financial markets? What are long and short positions? All answers here

Fairfax affiliate sells IIFL Finance shares worth Rs 313 crore

Before this, the fund offloaded IIFL Finance's shares worth Rs 365 crore, while Smallcap had purchased shares worth Rs 300 crore on December 1

Will the market cheer withdrawal of farm laws?

Inflation and rising Covid-cases are haunting investors. Besides, PM Modi has decided to withdraw the farm laws in the upcoming Parliamentary session. How will these affect the markets? Find out here

India's October YoY merchandise exports up by 43%, imports rise 62%

The data by the Ministry of Commerce and Industry showed that in comparison to October 2019, last month's exports rose by 35.89 per cent.

Auto-debit bounces dip in July as financial stress eases for borrowers

According to the NACH data, of the 86.4-million transactions initiated in July, 33.23 per cent, or 28.7 million transactions, failed, while 57.7 million were successful.

Climate change financial 'stress tests' need improving, global body says

Key challenges have been the much longer time horizons required to assess vulnerabilities to global warming compared to traditional stress tests

Indiabulls Housing Finance gets board nod to raise over Rs 7,000 crore

Indiabulls Housing Finance said its board of directors has approved a proposal to raise over Rs 7,000 crore through various financial instruments

We see rupee devaluing as exports become priority: JM Financial's Manglunia

Manglunia tells Puneet Wadhwa that based on risk appetite, there is a lot of value in select names in 'AA' category and below, which offer excellent carry even in the face of threat of rising rates

Securities market: On the cusp of change

Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms

A new structure of financial regulation

One of the most egregious recent cases of misconduct is the behaviour of credit-rating agencies.

The rocket rupee

It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai

Biggest Japan bank joins Nomura in bracing for Archegos loss: Report

Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said

Finance Bill amendment eases Mauritius funds' path for India shift

Experts reckon up to 10 per cent of such funds could shift to the IFSC

Mutual funds net sellers of Indian equities first time in 7 years

FY21 net selling of Rs 1.27 trn is highest in a fiscal year