Loan moratorium | Interest on interest “worse than taking a pound of flesh”
August 6 RBI circulars come under intense criticism from individual, commercial borrowers in Supreme Court. – The Hindu – Industry
Month: September 2020
GST: Karnataka to go with first of the two options offered by Centre
State will be eligible for a total compensation of ₹18,289 crore. – The Hindu – Economy
Saudi Aramco likely to pause refinery investments in India: Report
Aramco will review a $6.6 billion plan to add petrochemical output at its Motiva refinery in Texas, as well as a big natural-gas project with Sempra Energy in the same … Read More
Book value of Vedanta’s equity share at Rs 89.38
Book value is calculated as net worth of the company divided by total number of outstanding equity shares. The net worth also includes surplus and reserves. – Stocks-Markets-Economic Times
NSE-BSE bulk deals: Plutus Wealth laps up shares of Rossari Biotech
Plutus Wealth Management bought 3,00,000 shares of Rossari Biotech at Rs 773.82 per share. – Stocks-Markets-Economic Times
Sebi prescribes norms for MFs’ portfolio segregation
A segregated portfolio can be created in a mutual fund scheme by AMC in case the securities held by them are downgraded below investment grade and subsequent downgrades in credit … Read More
Trade setup: Nifty50’ downside capped, has room for pullback
The coming session is likely to see a quiet start. The 11,590 and 11,685 levels will act as key resistance, while supports will come in at 11,465 and 11,400 levels. … Read More
GST: Karnataka to go with first of the two options offered by Centre
State will be eligible for a total compensation of ₹18,289 crore. – The Hindu – Economy
Ahead of Market: 12 things that will decide stock action on Thursday
The market is gradually gaining some momentum on the upside. The underlying near term trend status remains weak and there is a chance of profit booking emerging at the higher … Read More
Ontario Teachers to invest $350 mn in Edelweiss Alternative
Despite the global economic uncertainty amidst the current pandemic, this commitment from Ontario Teachers is a strong endorsement of the Indian alternative asset management space, said a company statement. … Read More