Paradigm shift in Risk Tolerance in India – the Journey from Fixed Deposits to Crypto 10

News round up for 2021

July 23- Indian Food delivery company Zomato Initial public offering list in stock market at a premium of 53% over issue price.

August 23- Finance minister of India announced National Monetisation Pipeline (NMP) to sell assets worth Rs. 6 trillion in next four years. This includes Indian Railways assets worth Rs. 1.52 trillion, National highways assets worth ₹1.6 trillion, power transmission assets worth ₹45,000 crores, warehousing assets worth ₹28,900 crores etc.

September 7- El Salvador becomes the first country in the world to accept Bitcoin as an official currency.

September 16- Finance Minister announced a formal government guarantee on the securities receipts that the planned ‘Bad Bank ’ will issue to banks as it takes on non-performing assets from their books.

October 6- Moody's Investors Service on Tuesday changed its outlook on India's sovereign ratings to stable from negative. However, it retained the ratings, both on foreign and domestic currencies, at the lowest investment grade. October 8- Tata Group gets nod to acquire 100% stake of Air India from Government of India through it's subsidiary TalacePrivateLtd , as part of Disinvestment of Public Sector Units in India.

October 10- Almost eight states in India expect power outage due to reduced stocks of Coal as fuel to power the thermal power stations.

October 11- Dish TV India Ltd’s largest shareholder Yes Bank plans to approach a company court if the satellite TV provider’s board fails to convene a special meeting of shareholders by October 13.

October 19 - Cred, the fintech app founded by entrepreneur Kunal Shah, raised US $251 million in a Series E round co-led by Tiger Global Management and Falcon Edge Capital at a valuation of US $4.01 billion.

October 28 - Acko became India’s latest unicorn after the digital insurer raised US $255 million at a valuation of US $1.1 billion in a fundraising round led by private equity firms General Atlantic and Multiples Private Equity.

November 2 - Prime Minister Narendra Modi on Monday pledged to cut India’s net carbon emissions to zero by 2070, even as he exhorted developed countries to make available funds to the tune of US $1 trillion for climate adaptation and mitigation.

November 12 - The Supreme Court on Thursday asked the Future Group to halt all proceedings related to its proposed ₹24,713 crore sale of retail assets to Reliance Industries Ltd till the legal dispute with Amazon.com Inc. is decided conclusively.