indian capital market

According to a note by Spark Capital, capital expenditure (capex) over the ensuing three years in core sectors ?cement, metals, oil refining and power (esp. renewables) ?should be about Rs 5 trillion. This should not only be the highest in a decade but is also likely to be more than 2X the capex over the previous three years.

"Other option for financing infrastructure that is also being explored is the InvIT (Infrastructure Investment Trusts). Government owned Financial Institutions like PFC, REC etc. are setting up InvITs and providing equity capital for new projects. These are all positive developments in the long term financing story of India," said the report authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.

The company will deploy these funds to enhance its services and expand the brand's presence across existing geographies. The firm will also use the capital to scale up the team, strengthen the technology differentiation and diversify into new product offerings to fortify its vision of building a full stack digital platform for last mile retailers.

The industry body of retail NBFCs had a virtual meeting with Nitin Gadkari, the Minister of MSMEs on June 15. On Friday, FIDC wrote to the minister outlining the needs of the sector. FIDC in its letter has requested the minister to include wholesale and retail trade in the list of activities allowed for registration as MSME and also make consequent changes to the 'Udyam' portal.

The introduction of derivate products has got delayed over jurisdictional issues between the Securities and Exchange Board of India (SEBI) and the Central Electricity Regulatory Commission (CERC) and a case pending in the Supreme Court also needs to be cleared. Sources privy to the development told IANS that the SEBI and the CERC have reached an understanding to allow futures trading in electricity.

According to the ratings agency, it will also provide the company with the capital needed to grow the franchisee. "PNBHF had seen heightened delinquencies and a decline in asset under management in the last two years due to a challenging operating environment amid the Covid-19 pandemic," Ind-Ra said in a report.

Besides Better Capital, the other key investors were Java Capital, Titan Capital, First Cheque, and Upsparks. The first round of funding validates the rapid progress and the significant market opportunity for Wherehouse.io and shall enable it to meet the market demand that would help new age e-tailers drive revenue, said a statement by Wherehouse.io.

Sources said that PSBs may be provided this year just after their first quarter results before October. This would be a departure from the practice of previous year when bank capitalisation was undertaken late in the year and towards the end of fiscal.

Data published by CMIE showed that the unemployment rate, which reached 11.9 per cent in May 2021, continued to rise during early June. The 30-day moving average unemployment rate as of June 6, 2021, was 13 per cent.

In March, the equity-linked mutual fund schemes' net inflows stood at Rs 9,115.12 crore. Whereas, in February, the equity-linked mutual fund schemes' net outflow stood at Rs 4,534.36 crore. Similarly, there was an outflow in January of Rs 9,253.22 crore and of Rs 10,147.12 crore in December 2020.