Indian Government Stimulus announced during Economic Crisis – 2008 vs 2020 – Part 1
In a 2-part Series, we shall cover the following: 1. What is stimulus, and throw some light on stimulus announced in 2008. 2. Taking a cue from 2008, what we can expect this time. Q. What is Financial Stimulus package? During a downturn, governments can step in with a set of measures to reinvigorate the...
Franklin Templeton shuts 6 Debt Funds. What does this mean for you?
What happened in Franklin Templeton debt schemes? In an Unprecedented move on 23rd April 2020 post cut-off time, Franklin Templeton announced winding up of six of its debt funds effective from 24th April 2020. These six schemes put together as on 31-03-2020 had an AUM of Rs. 26,000 crores roughly. Which are these six funds...
Latest Announcements by FM/RBI amid Covid-19 and How it Affects You
The Government of India and Reserve Bank of India have taken various steps to counter the fallout on economy due to fast-spreading coronavirus pandemic across globe. Food for Poor On 26 March, Finance Minister Nirmala Seetharaman announced a relief package of Rs 1.7 lakh crore to be used for providing a safety net for poor...
SBI Card IPO – Date, Price Band and Other Details
Country’s largest lender State Bank of India is coming up with the IPO of SBI Cards opening on 2nd March, 2020. The company has fixed the price band of Rs 750-755 per share for its IPO with the face value of Rs 10 to be listed on NSE and BSE. Out of the total issue...
ITI FPO – Date, Price band, Details & Reviews
ITI is coming up with an FPO opening on 24th of January, 2020. The company has fixed a price band of Rs 72-77 a share for its FPO which is approx. 20% discount from the closing price of its share at NSE on 23rd of January, 2020. The FPO will be closed on 28th of...