Eyes of the India

  EbixCash Private Limited, a subsidiary of Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries appointed S Ravi, the former chairman of BSE as a new independent director to the EbixCash Board.   S Ravi Former BSE Chairman Sethurathnam Ravi , popularly known as S Ravi pursued his Bachelor’s and Master’s degree in Commerce from Madhya Pradesh’s Durgavati University. His academics and talents led him to various job roles in the corporate world where he proved his worth.   He was able to secure a place as a fellow member of the Institute of Chartered Accountancy of India. He was a chartered accountant who was based in India along with being the managing and promoter partner of the Ravi Rajan & Co. He was also the honorable former BSE chairman.   Ravi brings extensive experience across banks, financial institutions, insurance companies, the tourism industry...

NEW DELHI: As Russia and Ukraine have engaged in the war with a possibility of embroiling other Western nations, fortunes of Mukesh Ambani and Adani family have also taken a hit in the last seven sessions. For the Mukesh Ambani-owned Reliance Group stocks, the loss was steeper. They staved off Rs 83,819.13 crore or 5.1 per cent from their market capitalisation in the last seven sessions. Indian benchmark indices are set to fall for the seventh consecutive day on Thursday, extending the selling that began on February 15. Rising inflation and war in Europe have been the biggest drags on the market. Overall, Adani Group stocks, which have been performing well du .. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/ambanis-ril-wipes-of-rs-81000-crore-m-cap-in-7-sessions-adani-group-rs-47000-crore/articleshow/89797882.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

  All the sectoral indices ended with a loss of 3-8 percent, while BSE midcap and smallcap indices shed over 5 percent each. Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities: Investors turned jittery and pressed the panic button after reports emerged that Russia has taken military action against Ukraine. As the mood was sombre across the global equity markets, traders back home also followed suit and pressed the sell button, resulting in across-the-board selling. Also, the F&O expiry pressure also gave investors the reason to cut their position further due to escalating geo-politicial tensions. Technically, after a long time, benchmark Nifty closed below the 200-day SMA and has also formed a long bearish candle on daily charts, which suggests further weakness from the current levels. Considering the uncertainties hovering around, the index may trade lower between the highs of 16800 and 16,000. The market is in corrective mode and it would complete its corre...

  The coronavirus pandemic has highlighted the capitalist dysfunction showing that considering profit over people can be deadly. The study reveals the economies were more responsive toward the impact of the disease outbreaks.     Mr S ethurathnam Ravi (S Ravi) is the former Chairman of Bombay Stock Exchange Limited (BSE) confirms that the impact of the pandemic has caused on the financial market is certainly inevitable. As banks generalize to the certification request for reorganization, which is very common in the SME / MME sector, the effects of the epidemic can be easily visualized. He believes the areas most affected by the pandemic are aviation, hospitality, construction companies and malls.   In his opinion, the last companies to deal with the epidemic were the fintech companies.   Pandemics cause a short-term fiscal impact and a long-term economic impact on the nations around the world. Efforts to curb the pandemic include imposing quarantine, prepa...

 The digital giant also owns Instagram and WhatsApp Meta Meta, the company that owns Facebook , Instagram and WhatsApp, saw its stock plunge in after-hours trading after reporting a rare decline in its fourth quarter profit due to a sharp increase in expenses Newly renamed Meta is investing heavily in its futuristic “metaverse” project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast late Wednesday, investors got spooked — and knocked almost $200 billion off the valuation of the company formerly known as Facebook. Meta’s shares fell 22.9% to $249.05 in after-hours trading. If the drop holds until the market opens Thursday, the company’s overall value, known as its market capitalization, is on track to drop by a figure greater than the size of the entire Greek economy, based on data from the World Bank. The metaverse is sort of the internet brought to life, or at least rendered i...