Author: Suril Shah

Hi, I'm Suril Shah, I'm a 3rd-year student at NMIMS University Mumbai. I'm a CW intern at Asiana Times. I'm passionate about Business and Startups and will be writing articles based on those genres. Apart from that, I'm also a sports enthusiast.

Russian stock market, crushed by war, will partially reopen - Asiana Times

Following the invasion of Ukraine, Russia’s stock market has reopened for restricted trading, over a month after the market plummeted and the exchange was forced to close due to the crisis. As soon as the market opens its doors on Thursday, there will be significant limits on trading in order to avoid the type of enormous selloff that occurred on February 24 in expectation of crippling financial and economic penalties from Western countries. The reopening of the Moscow exchange has only a little relevance for investors outside of Russia and has a negligible economic effect when compared to the onslaught…

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UK inflation jumps again, hits new 30-year high % of 6.2

The Consumer Price Index is predicted to rise by four percent in 2022 before dipping to 2.6 percent in 2024 and then 2.1 percent in 2024, according to the Bureau of Labour Statistics. The inflation rate reached its maximum point in 2011, when it hit 4.5 percent, within the period included in the output.  The two percent inflation objective is a long-term goal The anticipated inflation rate for the Consumer Price Index (CPI) does not correspond to the 2 percent objective set by the United Kingdom government. According to the Bank of England, the inflation rate in the United Kingdom…

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LIC IPO: Primary Market bull rally comes to a grinding halt.

In December, 17 firms raised over Rs 16,700 crore via public offerings in 23 trading days, totalling over Rs 16,700 crore. That was no easy task. Since the third week of October, when it reached record highs, the Indian stocks market has been nervous. Benchmark indexes fell about 6,500 points between then and the New Year before recouping most of their losses in the second week of January. Concerns about increasing inflation and slowing growth, along with  Even though coronavirus-related anxiety and inflation threatened to take the stuffing out of stocks, markets closed 2021 with gains of more than 20%. Now,…

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YES Bank speaks to Brookfield, BlackRock about selling 5-10% stake

NEW DELHI: The government of India has announced that it would increase the minimum wage to Rs. According to sources speaking to ET NOW, private sector lender YES Bank has conducted negotiations with investment firms Brookfield and BlackRock about acquiring funds in exchange for a 5-10 percent equity share via a qualified institutional placement (QIP).  The bank is also in contact with several private equity firms in order to raise Rs 10,000 crore, according to the article, which noted that due diligence by investors had not yet been completed.  According to the article, YES Bank has also conducted negotiations with…

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The many dangers of investing based on social media ‘analysis’, stock tips

Everything in the world of investing revolves around the importance of time. Then there’s information. Because of the advancement of technology, various social media programs, including but not limited to Twitter, Telegram, YouTube, Facebook, LinkedIn, and others, have played an important role in allowing the quick flow of information, whether it is good or negative. In this so-called ‘digitalized’ trading environment, investors have access to a number of online information sources in order to make investment choices — ranging from mainstream media to independent social media platforms — in order to make investment decisions. Among other things, channels affiliated with…

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Ukraine-Russia war: Should you increase exposure to gold, real estate?

During a global crisis, the equity markets are seeing their first substantial downturn since March 2020. If the Ukraine-Russia issue proves to be a protracted event, commodities prices are likely to remain high for an extended period. The effect on the home inflationary situation will be obvious; there are already strong undercurrents in the domestic inflationary scenario, owing to the increased pass-through of higher commodity prices to improved demand in manufactured goods and even services. All of this, according to economists, may cause investors to shift their portfolios away from stocks and into gold or real estate, both of which…

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To combat inflation, FMCG producers may increase prices by 10%.

To combat inflation, companies such as Dabur and Parle plan to boost their prices gradually. Commodity costs, including wheat, palm oil, and packaging materials, have risen at an unprecedented rate, which has driven up the cost of everyday necessities for consumers. As a result of the continuing conflict between Russia and Ukraine, the price of wheat, edible oil, and crude oil is expected to climb. Watching the inflationary pressures, companies such as Dabur and Parle plan to raise prices in a controlled manner. There have been several allegations that manufacturers like HUL and Nestle have raised the price of food goods…

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Tata Motors may buy Ford's Sanand facility

Multiple sources familiar with the negotiations tell ET that Tata Motors is in advanced talks to acquire Ford India’s Sanand facility in Gujarat, multiple sources familiar with the negotiations tell ET. A withdrawal from the local automobile market had been indicated by the US automaker as far back as September of last year. After the sale of the factory, Tata Motors and Ford India have approached the local administration in Gujarat to find out how incentives will be structured for Ford’s Sanand facility . This indicates that Tata Motors is the leading bidder. In September of last year, the American…

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Reliance and Ola Electric won in India's Battery Program - Asiana Times

NEW DELHI (Reuters) – The Indian capital is preparing to host the Commonwealth Games. The Indian government’s $2.4 billion battery program has awarded contracts to Reliance Industries and the Softbank Group-backed Ola Electric, according to four persons familiar with the matter. Earlier this year, the Indian government completed a scheme to incentivize enterprises to manufacture battery cells in the country as part of its efforts to develop a domestic supply chain for clean transportation and renewable energy storage to fulfill its decarbonization objectives. The proposal for the implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry…

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