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A second person said that the deal has taken time due to disagreements over the valuation of Future Retail, the flagship of Biyani’s enterprise. Future Retail, meantime, is facing increased liquidity pressure after it missed interest payments on its US dollar-denominated bonds last week.
Discussion paper proposes restrictions on NBFCs’ lending for IPOs, real estate dealsOther proposals include not allowing NBFCS to provide loans to companies for buy-back of shares/securities.
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… Read More‘Foreign oil cos keen on buying BPCL stake’Homegrown Vedanta and two international funds have shown initial interest in buying the government’s entire majority stake in BPCL. The government will call price bids after evaluating the three players’ suitability on techni… Read MoreBulls cede more ground, indices slip 1.5%Stocks stumbled for a second day as investors took some money off the table after the Sensex briefly crossed 50,000 points on Thursday.
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… Read MoreBuy or Sell: Stock ideas by experts for January 22, 2021
from Stocks-Markets-Economic Times https://ift.tt/3o4JRZi
… Read MoreAsian markets step back from stimulus-driven record highs"The markets had such a strong run yesterday after the presidential inauguration in the U.S. and the run-up to that, that the lead coming in from the U.S. is a bit messy," said Shane Oliver, chief economist at investment mana… Read More
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