IDBI Bank tags Muthiah ‘wilful defaulter’
IDBI Bank has declared industrialist A C Muthiah as a ‘wilful defaulter’ after First Leasing Company of India, which he co-promoted, failed to repay a loan of Rs 508 crore. … Read More
Month: August 2020
Asian stocks reach 29-month top, China services surprisingly strong
E-Mini futures for the S&P 500 climbed another 0.5%, while EUROSTOXX 50 futures added 1%. – Stocks-Markets-Economic Times
Stocks in the news: Reliance Industries, Future Retail, RBL Bank, Adani Ports, Shree Renuka and Suzlon
More than 100 companies are slated to report their June quarter results on Monday. – Stocks-Markets-Economic Times
Bank index likely to outperform Nifty, test 26,300 soon
“The index could outperform the Nifty for now and test the 26,300 mark over the next few sessions,” said Rajesh Palviya of Axis Securities. – Stocks-Markets-Economic Times
Future buyout to add more steam to RIL stock
To be sure, the valuation offered by Reliance Retail to acquire 13.14 per cent in Future Enterprises may not be the most accurate benchmark as the investment amount is only … Read More
YES Bank tightens noose around Jet Airways founder Naresh Goyal
The private sector lender has initiated the process to categorise Goyal and his wife Anitia as `wilful defaulters’. A ‘wilful defaulter’ tag by banks may stain the reputation of persons … Read More
Warren Buffett looks to Japan, takes 5% stakes in five trading companies
Berkshire said it acquired its stakes in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp over approximately 12 months – The Hindu – Industry
The current banking challenge is the most intractable one even before COVID-19: Urjit Patel
Our macroeconomic problems have created financial sector crisis periodically, says the former Reserve Bank of India Governor. – The Hindu – Economy
The current banking challenge is the most intractable one even before COVID-19: Urjit Patel
Our macroeconomic problems have created financial sector crisis periodically, says the former Reserve Bank of India Governor. – The Hindu – Economy
Have good company for your insurance journey?
India even has digital insurance companies with little physical infrastructure or network, offering their products and services only in cyberspace. – The Hindu – Industry