Financial sector to see asset quality stress, says Icra
Some of the private banks witnessed 3-10 per cent reduction in their deposit base since the imposition of the moratorium on Yes Bank. – Stocks-Markets-Economic Times
Month: April 2020
NBFCs are better placed to weather storm, feels Crisil
Nearly 52 per cent of debt is in sectors expected to be in moderately resilience category, such as automobile manufacturers, power generators, roads and construction. – Stocks-Markets-Economic Times
Blackstone pumps Rs 525 crore in Mphasis to buy more stake
Blackstone has acquired 4.01% stake in Mphasis for about Rs 525 crore ($69 million) after its share price fell more than one-third from its year-high in mid-March in a widespread … Read More
Stocks in the news: RIL, Aurobindo Pharma, Hero MotoCorp, Adani Ports, Future Retail and ONGC
Strides Pharma said it has ceased distribution of its ranitidine tablets in the US market. – Stocks-Markets-Economic Times
Analyst Calls: Axis Bank, Coal India, IndiGo, KNR Constructions
Kotak Securities has maintained buy rating on KNR Constructions and cut target price to Rs 226 from Rs 333. – Stocks-Markets-Economic Times
Ahead of Market: 12 things that will decide stock action on Friday
Analysts said that many sectors have started to feel the ill effects of the 21-day lockdown – Stocks-Markets-Economic Times
Saudi Arabia Seeks Urgent OPEC+ Meeting To Stabilise Oil Market
Saudi’s announcement drove oil prices as much as 25 per cent higher on Thursday, adding to growing signs that Riyadh and Moscow may be ready to end their battle for … Read More
Reliance Industries to raise Rs 25,000 crore via NCDs
The fundraising would be done in tranches from time to time, on a private placement basis. – Stocks-Markets-Economic Times
British Airways In Talks With Union To Suspend Around 32,000 Staff: Report
The British flag carrier is nearing agreement on a deal to suspend around 80 per cent of its cabin and ground crew, engineers and office staff. – NDTV Profit … Read More
Unions Seek Government’s Intervention To Prevent Job Losses, Pay Cuts
Trade unions on Thursday sought Labour Minister Santosh Gangawar’s intervention at the ground level to stop retrenchment of employees and salary cuts and also demanded an income support scheme for… … Read More