Forget bitcoin or Tesla. Muni bonds are the king of costly
Premium
In a bid to clean up election funding, the government had in January introduced electoral bonds that can be bought from specified branches of State Bank of India and used to donate money to political parties. Photo: iStockphoto
4 min read
Brian Chappatta
Share Via
Believe it or not, the $3.9 trillion municipal-bond market and Bitcoin have much in common.
A flood of money pouring in? Check: Muni bond funds added about $2 billion in the week ended Feb. 17, according to Refinitiv Lipper US Fund Flows data, building upon a $2.6 billion inflow in the prior period that was the fourth-largest on record. Scarce supply? You bet: Some analysts estimate that states and cities in 2021 will bring to market the smallest amount of tax-exempt bonds in 21 years. Fiscal stimulus supporting its case? Indeed: The prospect of $350 billion in aid to state and local governments should help stave off any widespread credit str
Future-Reliance deal: NCLT can carry on proceedings but can not pass final order, says SC
The Delhi High Court on 8 February had stayed its single judge direction to FRL and various statutory authorities to maintain status quo on the mega deal
(MINT PRINT)Premium
Share Via
Read Full Story
The Supreme Court Monday asked the National Company Law Tribunal (NCLT) not to pass a final order Future Retail Ltd’s ₹24,713-crore asset sale to Reliance Industries Ltd. The apex court also agreed to hear Amazon s plea against the Delhi High Court verdict staying its single-judge directive to maintain status quo on the deal. The e-commerce giant has moved the top court against the order of the high court division bench which paved the way for the Reliance-Future Retail Ltd deal.
Vedantu acquires doubt-solving platform Instasolv
The Indian edtech market is expected to grow 3.7 times to become a $10 billion opportunity by 2025, says an expert.Premium
1 min read
Share Via
Read Full Story
BENGALURU: Online tutoring firm Vedantu has acquired doubt-solving app Instasolv. This was the edtech startup’s first acquisition as its peers continue to scout for strategic buyouts after raising multiple rounds of funding in 2020.
The move will strengthen its instant doubt-solving capabilities, wherein quality teachers will provide clarity over chats, Vedantu said on Monday. It will also help it grow in smaller towns where access to good teachers has been a challenge and doubt solving will be a key imperative for students.
Budget 2021: What high-income earners need to know livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
New operations in China and India will expand the EV pioneer’s carbon footprint. The company should be upfront about it for the sake of customers who care about climate change.