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Mid-day break… with EZ Wealth

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67521″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]-SEBI introduces T+1 settlement on optional basis

T+1 settlement means that trades have to be cleared within one day of the actual transaction taking place; the regulator has put the onus on the stock exchange to decide whether they want to opt for the shorter settlement cycle for any of the listed scrips; this is expected to benefit domestic investors by increasing liquidity and trading turnover while reducing settlement risk and broker default risk

–Cairn Energy accepts India’s $1bn refund offer, will drop litigation

Cairn Energy Plc. will receive about Rs. 7900 crs. once it withdraws litigation and enters into an agreement with the Indian government

–Qualcomm chips to Power Ola Electric scooter

Qualcomm is providing the key 4G connected octa-core android platform which provides connectivity, computing capabilities and enables rich immersive displays with power saving software; an electric 2 wheeler requires about 15-20 microchips and  sensors

–India Rating retains stable outlook on banking sector in FY22

Rating is supported by continuing systemic support which has helped manage the system-wide COVID-19 pandemic linked stress; agency has kept its FY22 credit growth estimated unchanged at 8.9% for FY22, supported by a pick-up in economic activity, higher government spending and a revival in demand for retail loans

–Insurer’s premium grows 3% YoY in August after shrinking in July

The life insurance industry reported new business premium (NBP) to the tune of Rs. 27821crs in August; this is owing to a strong performance by private insurers who posted 21% YoY rise NBP where as LIC’s NBP decreased 3.8%

–Taliban leader Mohammed Hasan to lead new ‘acting’ government

The Taliban announced a new government filled with senior officials from the militant group, including the leader of a US-designated terrorist organization; Taliban co-founder Mullah Abdul Ghani Baradar, the main public face of the group, will serve as PM’s deputy

–Active DTH Users Fall For The First Time In Six Quarters

India’s direct-to-home operators lost subscribers for the first time in six quarters even as people preferred to stay indoors amid fears of contracting the deadly coronavirus. Total active DTH users fell 14.2 lakh sequentially and 6.9 lakh over the year earlier to 6.96crs in the January-March period, data released by the Telecom Regulatory Authority of India showed.[/vc_column_text][/vc_column][/vc_row]