Lenders reject JSW demand for more time
The core committee of financial creditors to BPSL, comprising top three lenders, met to formulate their plans after JSW’s request last week and decided against giving the company more time. … Read More
Month: June 2020
Novelis seeks bridge loan extension, refinancing
The original bridge loan was priced after adding about 90 basis points over LIBOR. – Stocks-Markets-Economic Times
Dow ends up 2.3% as US stocks bounce from Friday rout
The broad-based S&P 500 gained 1.5 percent to 3,053.24, while the tech-rich Nasdaq Composite Index advanced 1.2 percent to 9,874.15. Major indices lost more than two percent on Friday as … Read More
Auto exports tumble 73% on lockdown, delayed orders
Import clearance delays may affect manufacturing: SIAM – The Hindu – Industry
Centre grants more relaxations in Unlock 2 from July 1
According to the new guidelines, the night curfew has been relaxed further and shall be in force from 10 pm to 5 am. – Stocks-Markets-Economic Times
‘Govt. must allow airlines commercial freedom’
India risks survival of carriers if curbs remain, says CAPA – The Hindu – Industry
Govt bans 59 apps including China-based TikTok, WeChat
The IT Ministry said that this move will “safeguard the interests of crores of Indian mobile and internet users” – The Hindu – Industry
Axis Bank board to meet on July 2 to explore fundraising
The private lender did not specify the amount it was looking to raise. – Stocks-Markets-Economic Times
NSE-BSE bulk deals: Blue Water Investment sells Laurus Labs
Here’s who bought and sold what in some of the key bulk deals of the day. – Stocks-Markets-Economic Times
Social stock exchange report: Sebi extends deadline for comments till July 15
A Sebi-appointed panel on social stock exchanges had submitted its report to the watchdog. – Stocks-Markets-Economic Times