Singapore stock exchange to open office at GIFT City
He said that FDI inflow to Gujarat from Singapore was USD 1 billion in the last financial year, prominent among them being Sembcorp Industries, a global leader in renewable energy … Read More
Month: April 2021
Petrol, Diesel Rates Remain Unchanged On Tuesday
In Delhi, petrol prices were steady at Rs 90.56 per litre and diesel was unchanged at Rs 80.87 per litre, according to Indian Oil Corporation – NDTV Profit – … Read More
Credit Suisse unloads $2.3 billion of stocks tied to Archegos Capital
The unwinding of Bill Hwang’s Archegos portfolio has turned into one of the biggest fund flameouts since Long-Term Capital Management’s demise in the 1990s. – Stocks-Markets-Economic Times
Loan growth at private banks slows in Q4, early trends show
In December the RBI imposed business sanctions on the lender barring it from onboarding new card customers and launching new digital products after it faced two significant digital outages in … Read More
Banks may face a sharp surge in bad loans in FY22: ICRA
The ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the … Read More
Lockdown brings back credit quality concerns at banks
Yesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays and also extended the night curfew until … Read More
NBFCs seek ‘essential services’ tag to keep offices open partially
Non-bank lenders have been included in essential services by the central government in an order passed in April 2020. NBFCs specifically cater to to the small truck or commercial vehicle … Read More
Emerging markets flows slow to weakest since April 2020: IIF
The net estimated $10.1 billion in flows in March was the lowest monthly figure since April 2020 and compares with a downwardly revised $23.4 billion net inflows in February. … Read More
GameStop to capitalize on ‘stonks’ rally with $1 bn stock sale plan
GameStop stock has rampaged over 900% higher since January in highly volatile trading as amateur investors organized on social media sites such as Reddit staged a stubborn buying spree, winning … Read More
Bank of India to allot preferential shares to govt for Rs 3,000 cr capital infusion
“The board of directors of the bank will be considering preferential allotment of equity shares of Rs 3,000 crore to Government of India after obtention of shareholder’s approval in the … Read More