All life insurance companies to process COVID-19 death claims: Industry body
The industry’s umbrella body Life Insurance Council said the ‘force majeure’ clause will not apply in case of COVID-19 death claims. – The Hindu – Industry
Month: April 2020
Global recession due to pandemic inevitable; but recovery can be fast
There are a few who fear that this can even lead to a depression. – Stocks-Markets-Economic Times
European stock index futures jump as coronavirus death toll slows
Euro Stoxx 50 futures were up 4.1 per cent, with German DAX futures and French CAC futures gaining 4.5 per cent and 4 per cent, respectively. – Stocks-Markets-Economic Times
What is the Money Market?
The money market includes treasury bills, commercial papers, certificate of deposits etc. – Stocks-Markets-Economic Times
What is a Green-shoe Option?
A Green Shoe option allows the underwriter of a public offer to sell additional shares to the public if the demand is high. – Stocks-Markets-Economic Times
What is a Follow-on Public Offer?
Market participants like mutual funds, individuals, FIIs, etc can bid for an FPO. – Stocks-Markets-Economic Times
Banks closed today on account of Mahavir Jayanti
Equity, money and commodity markets are also closed for trading today on account of the festival. – Stocks-Markets-Economic Times
India’s March services activity contracts amid coronavirus disruptions
The Nikkei/IHS Markit Services Purchasing Managers’ Index fell sharply to a five-month low of 49.3 in March from February’s seven-year high of 57.5, below the 50-mark separating growth from contraction … Read More
What is Rolling Settlement?
When we say T+2 days, T is the transaction day. Let us understand this with an example. – Stocks-Markets-Economic Times
Coronavirus Crisis: Services Activity Contracts In March, Says Survey
That mirrors a sharp deceleration in global activity as the coronavirus pandemic paralyzes economies, with evidence mounting that the world is sliding into recession. – NDTV Profit – Latest