The market capitalisation of Anil Ambani-led Reliance Group has surged by over 1000% in less than 3 months

The market cap of the group, which stood at  Rs. 733 Cr in March,  jumped to Rs 3890 Cr. in May 2021, and Rs 7866 Cr. on the last trading day of this week i.e. 18 June 2021.

The market capitalization of the group companies, Reliance Infrastructure, Reliance Power, and Reliance Capital has more than doubled over the last 20 trading days.

The market cap of Reliance Power now stands at Rs. 4,446 Cr., Reliance Infrastructure at Rs. 2767 Cr, and Reliance Capital at 653 Cr.

Nearly 50 lakh retail investors of Reliance Infrastructure, Reliance Power and Reliance Capital have benefited with this surge in stock prices

The devastating second wave of the coronavirus pandemic in April-May is estimated to have cost the nation Rs 2 lakh crore in terms of output, revealed an assessment made by the Reserve Bank.

The second wave's toll is mainly in terms of the hit to domestic demand on account of regional and specific containment rather than a nation-wide lockdown, it said.

"The impact of the second wave is hence estimated at about Rs 2 lakh crore of lost 2021-22 output," said a recent article on the 'State of Economy', written by functionaries of the central bank. Moreover, this wave has fanned into smaller cities and villages, sapping rural demand. The support from government spending may also moderate from the extraordinary expansion undertaken last year, it said.

Paytm, India’s leading digital payments provider, is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.

The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally called One97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.

It was massive mayhem for shares of the Adani Group companies as the companies' stocks witnessed a severe drubbing in morning trade on Monday, tumbling up to 25 per cent, amid reports that the National Securities Depository Ltd (NSDL) has frozen certain FPIs accounts that have holding in some of these firms. However, billionaire Gautam Adani's group issued a clarification and said it has written confirmation that accounts of three foreign funds that are among its top shareholders are not frozen and reports to the contrary are "blatantly erroneous and misleading".

Gautam Adani wearing a suit and tie in front of a building© Provided by Zee Business

Here are all the details of what was the impact of Adani Group FPIs 'freeze' report on the Adani Group companies' stocks:-

- Due to the entire episode of  Adani Group FPIs 'freeze' report, investors lost Rs 55,000 crore in just 1 hour!

The Reserve Bank of India (RBI) has proposed a slew of measures to protect micro-finance borrowers from over-indebtedness and enable competitive forces to bring down the interest rates. In a consultative document released on Monday, RBI has proposed to remove the ceiling on interest rates for micro-finance lenders, among other key measures.

Currently, the margins for NBFC MFIs are capped at 12% over and above its cost of funds. Similarly, RBI has suggested not to charge any pre-payment penalty from borrowers. It said there should be no requirement of collateral for giving loans. The Reserve Bank has advocated a greater flexibility in the frequency of repayments for all micro-finance loans. Among other key measures, RBI has proposed to link the loan amount to household income in terms of debt-income ratio.