Ind-Ra revises auto outlook stable-to-negative for H2
Credit metrics of auto OEMs are expected to remain resilient in the October-March period of FY20. – Stocks-Markets-Economic Times
Month: September 2019
State-Run Banks In Odisha To Operate From 10 Am to 4 Pm From October 1
Odisha Development Commissioner S C Mohapatra suggested to the banks to organise more loan melas in block level. – NDTV Profit – Latest
Shareholders plan to take Anil Ambani to court for over 90% erosion in shareholders wealth
Another set of shareholders gave standing ovation to Anil Ambani to express their solidarity with him. – The Hindu – Industry
Wall Street rises as Apple leads rally in technology shares
The technology sector gained 0.9%, the most among 11 major S&P sectors. Only energy and financial stocks were trading in the red. – Stocks-Markets-Economic Times
Trade setup: Nifty needs to stay above 11,400 level to stabilise
Tuesday’s session is likely to see 11,530 and 11,585 levels act as resistance points. – Stocks-Markets-Economic Times
Current Account Deficit Narrows To $14.3 Billion In April-June
The foreign currency earned via services, income from financial assets, labour and property and current transfers are accounted under the “invisible receipts”. – NDTV Profit – Latest
Government Sticks To Budget Numbers, Says No Sovereign Borrowings
The 10-year bond yield had surged 15 basis points to 6.79 per cent on September 19 – the day the tax cuts were announced. The benchmark yield was at 6.70 … Read More
Forever 21 closing stores in bankruptcy filing shows limits to fast fashion
Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers … Read More
Petition in Bombay High Court Opposes RBI Curbs On PMC Bank
On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. – NDTV Profit – Latest
Sebi settles insider trading case in Sabero Organics matter for Rs 1 crore
Sebi, during an investigation between May-June 2011, noted that Coromandel, after a meeting with the representatives of Sabero Organics, informed the bourses about the acquisition of the latter by it. … Read More