IL&FS road SPV lenders stare at huge haircuts
Losses may be to the tune of Rs 4,500 crore as bid values are lower than loans advanced.
EU bond rally hinges on Draghi’s full QE
Money markets are still betting on a 15-basis-point interest rate cut on September 12, a bigger drop than the 10 bps forecast by economists.
YES Bank rallies 6% as lender denies stake sale report
In a reply to BSE, the lender said the news report was speculative.
Impact of China scrapping foreign investment limit to be marginal on India: Mitul Kotecha
There is a little bit of a loss for India to this extent but it is marginal.
Indiabulls Realty climbs 3% as Blackstone looks to acquire commercial assets
Indiabulls Real Estates total net debt stood at Rs 4,590 crore at the end of FY19.
India, China Feud Delays Huge Regional Free Trade Deal
Covering nearly half of the globe’s population, the Regional Comprehensive Economic Partnership was proclaimed “the world’s biggest regional free trade deal” when talks started in 2012.
Uber fires 400 employees as losses continue to pile up: Report
The move cuts Uber’s strength by 8 percent and is the startup’s second round of layoffs since it fired 400 marketing employees in July
Indian AI Content Start-Up Gets $ 45 Million From Peter Thiel’s Mithril
Mithril Capital, co-founded by Silicon Valley investors Thiel and Ajay Royan, is putting in the money as part of a larger financing round, according to a statement.
Govt working on Rs 40,000 crore EV push: Report
The plan will be implemented alongside the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme.
Azim Premji, promoter entities sold shares worth Rs 7,300 crore during Wipro buyback
Post the buyback, the promoter group now holds 74.05 per cent stake in Wipro.
ONGC considers buying out rest of petrochemical project
ONGC owns 49.36 per cent of the project and Gail (India) owns another 49.21 per cent.
Hong Kong Exchanges Propose $39 Billion London Stock Exchange Takeover
“The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader,” the Hong Kong exchange said
India’s Fuel Demand Rises 2.8% In August, At 9-Month Low
Diesel sales fell 1.1 per cent to 6.12 million tonnes, its first year-on-year percentage decline in nine months.
Government In Talks With States On Auto Sector GST: Nitin Gadkari
the country’s automobile industry, which has been heavily dented by the consumption slowdown, has been demanding a reduction in GST from 28 to 18 per cent.
Shadow Banks Pulling Back On Loans To Small Businesses: Moody’s
Moody’s does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.
Sundaram Mutual Fund garners Rs 358 crore via equity fund NFO
India Wants Industry Protected In China-Backed Trade Deal: Piyush Goyal
Talks are ongoing to negotiate the China-initiated Regional Comprehensive Economic Partnership (RCEP), Piyush Goyal said.
Centre Proposes To Lower Majority Stake In Some State-Run Firms: Report
In 2018-19, the government raised Rs 84,972 crore from CPSE disinvestment, while in 2017-18, the figure was Rs 1,00,056 crore.
ICRA Cuts Rating Of Coffee Day’s Long-Term Loans
The rating action follows the delay in debt servicing by CDEL’s flagship subsidiary Coffee Day Global Limited and Sical group of companies.
Supreme Court Warns Amrapali Homebuyers On Payment Dues
The top court cleared the modalities by which the homebuyers can be put to notice for clearing outstanding amounts.
Saudi Aramco Gives 9 Banks Top Roles On World’s Biggest IPO: Report
Aramco raised $12 billion this year in its first international bond, gaining more than $100 billion in demand.
SBI to sell 4.5% stake in SBI Life for Rs 3,465 crore