New Delhi (IANS) The government may soon introduce a new pre-packaged resolution plan for stressed assets to provide a seamless system to address bankruptcy issues while also relieving pressure on the National Company Law Tribunal (NCLT) that is saddled with ever-increasing … read more
New Delhi (IANS) An expected slowdown in the rate of foreign fund inflows along with the upcoming Q2FY21 GDP figures is expected to weaken the Indian rupee during the coming week. Besides, expectations on a further stimulus has fanned fears of … read more
New Delhi (IANS) To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for … read more
New Delhi (IANS) The Sahara India Parivar on Friday refuted the Securities and Exchange Board of India’s (SEBI) claim on it and said that that the market regulator has committed contempt of court. “There is a clear order of Hon’ble Supreme … read more
Mumbai (IANS) The BSE Sensex and the Nifty50 on the National Stock Exchange (NSE) hit fresh all-time highs on Wednesday, before settling at record closing levels. Sensex touched an all-time intra-day high of 44,215.49 points during the fag end of … read more
New Delhi (IANS) The State Bank of India is set to offer a Rs 5,000-crore loan to Adani Enterprises Ltd’s Australian mining company, now renamed Bravus Mining & Resources, as per media reports. As per media reports, the loan agreement … read more
Mumbai (IANS) As a bull run continued on the Indian stock market on Tuesday, both Sensex and Nifty50 closed at record levels. BSE Sensex closed at 43,277.65, higher by 680.22 points, or 1.60 per cent, from the previous close of 42,597.43. … read more
New Delhi (IANS) India’s automobile retail sales rose 5.11 per cent in October on a sequential basis, industry data showed on Monday. However, sales remained in the red on a year-on-year basis. The Federation of Automobile Dealers Associations data showed that … read more
Mumbai (IANS) Rising corporate fund inflows along with buoyant equities are expected to strengthen the Indian rupee in the coming week. Analysts have predicted the rupee to range between 73.60 and 74.40 with a “appreciation bias” from last week’s band of … read more
New Delhi (IANS) Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Thursday that the Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04 per cent into RRVL, a subsidiary … read more