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Yes Bank, which faced a crisis in March this year on account of bad debts, has substantial loans due from the Anil Ambani group, to which it had an exposure of close to Rs 12,000 crore. In the last two decades, the Anil Ambani group expanded aggressively in new businesses raising high levels of debt.
Asian equities fall as bond yields rise; yen near 7-month lowHopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields.
from Stocks-Markets-Economic Times https://ift.tt/308zQ3t
… Read MoreBitcoin gains 5% to $50,943Bitcoin's price soared this year as major firms, such as BNY Mellon, asset manager BlackRock Inc, credit card giant Mastercard Inc, backed cryptocurrencies, while those such as Tesla Inc Square Inc and MicroStrategy Inc inves… Read MoreBillion-dollar cos: India ahead of Germany, France & Canada with 335Currently, India is ranked fifth and is inching towards the fourth position which is currently held by the United Kingdom with 351 companies.
from Stocks-Markets-Economic Times https://ift.tt/2NXPigo
… Read MoreStocks in the news: Adani Ports, IOC, Ircon, Mazagon Dock, GE Shipping and Airtel Indian Oil plans to monetise its hydrogen-producing facilities to raise about Rs 10,000 crore.
from Stocks-Markets-Economic Times https://ift.tt/3sMtUtl
… Read MoreAfter GameStop saga, Melvin Capital gained 21.7% net of fees in FebruaryThe fund, founded by Gabe Plotkin, lost 53% in January when retail investors joined forces to drive up the stock to trade at more than $400 a share.
from Stocks-Markets-Economic Times https://ift.tt/3rbm8sC
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