Rekha Jhunjhunwala buys 19.65 lakh Tata Communications shares
The shares were bought at an average price of Rs 370, valuing the transaction at Rs 72.7 crore, the data noted. – Stocks-Markets-Economic Times
Month: September 2019
External debt rises to $557.4 billion till June
Valuation losses due to the depreciation of the US dollar against the rupee and other major currencies were placed at USD 1.7 billion. – Stocks-Markets-Economic Times
U.S. sanctions on COSCO hit LNG tankers in Russia’s Arctic
U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG said its shipping joint venture in Russia … Read More
Retailer Forever 21 to file for bankruptcy, close 178 U.S. stores
Fast-fashion retailer Forever 21 Inc filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have succumbed to the onslaught of online sellers such as Amazon.com … Read More
Shareholders demand RCom’s RP to give details of resolution plan
RCom and its units keeled over under Rs 46,000 crore of debt and is undergoing insolvency proceedings. – Stocks-Markets-Economic Times
Fiscal Deficit Reaches Over 78% At Rs 5.54 Lakh Crore Till August-End
The deficit was at 86.5 per cent of the 2018-19 Budget Estimate (BE) in corresponding month a year ago. – NDTV Profit – Latest
Merkel’s conservatives vow to stick to policy of no new debt
German Chancellor Angela Merkel’s centre-right party has vowed to stick to its ‘black zero’ budget policy of no new debt, despite growing pressure at home and abroad to ditch the … Read More
Auto sales: Expect no cheer in Sept, pickup likely this Diwali
The inauspicious Shraddh period and floods in select regions are likely to impact sales. – Stocks-Markets-Economic Times
Reliance Jio tariff hike rumours send Airtel, Vodafone soaring
Bharti Airtel closed 5.29% higher at Rs 367.25, while Vodafone Idea jumped 9.03% to Rs 6.16. – Stocks-Markets-Economic Times
PNB Ties Up With Shadow Banks For Co-Orginating Rs 4,000 Crore Loans
The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy, as it has caused reduced credit flow to small businesses. – NDTV … Read More