As of the penultimate day of the TCS buyback program on 22nd March, the TCS buyback had already been subscribed around 5.5 times. The Rs.18,000 crore buyback had opened on 09th March and will close on 23rd March. However, as of the close of 22nd M

The US economy disregarded the impact of the rise in Omicron cases around the turn of the year. Consumer spending indicators recovered quickly after a slight correction in December 2021 and non-farm payrolls expanded by an average of 580,000 in Janua

The post-Covid recovery is being hit by potentially huge global supply-chain constraints that will reduce growth and push up inflation. The Russia-Ukraine war and economic sanctions on Russia have put global energy supplies at risk. Russia supplies a

A unit of Wockhardt has entered into an agreement with a subsidiary of Serum Institute of India, part of the Poonawala group. The agreement is to set up a new vaccine manufacturing facility in Wrexham, North Wales, United Kingdom. The collaboratio

It looks like the celebrations of the oil bears were almost premature. In the previous week, the oil prices had fallen sharply from $139/bbl to $100/bbl in the Brent crude market. However, oil has taken support at $100/bbl and has now bounced back by

Reliance Jio, the digital and telecom arm of the Reliance group, plans to raise close to $750 million (approximately Rs.5,700 crore). These funds will be raised via an offshore syndicated loan through a consortium of banks that will underwrite the en

On Monday 21st March, the US markets saw bond yields hardening to 2.34, dollar index touching 98.5 levels and the Dow Jones index crashing. The common factor among all these developments was the sharply hawkish statements made by Jerome Powell. H

UPI’s remarkable success on payments has put the limelight on progress being made on the next two frontiers: (1) Account Aggregator (AA) which is the data-sharing layer (2) open credit enablement network (‘OCEN’) which is the cr

With the ongoing challenges by the increase in raw material prices and supply-chain disruptions which are leading to the higher cost of production, there are possibilities for the pharma companies to increase the prices in the domestic market, with h

Since the introduction of the Emergency Credit Line Guarantee Scheme (ECLGS) which incentivizes MLIs to provide additional credit to MSMEs to meet their operational liabilities and restart the smooth functioning of their businesses, 11.5 million MSME

Macleods Pharmaceuticals Ltd, a company focussed on anti-infective and cardiovascular generics, had filed its draft red herring prospectus (DRHP) in mid-February 2022 and SEBI is yet to give its observations and approval for the IPO. Normally, the

TVS Supply Chain Solutions Ltd, a company focussed on supply chain and logistics solutions, had filed its draft red herring prospectus (DRHP) in mid-February 2022 and SEBI is yet to give its observations and approval for the IPO. Normally, the IPO