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Indian firms obtained ECB (External Commercial Borrowings) sanctions worth $ 3.5 billion or an estimated Rs 26,000 crore in April-June'2020, show latest RBI data. This is about one-third of the sum - $11.9 billion-they borrowed in the same period a year ago.
Biden's $1.9 trillion rescue package offers bridge for hard-hit economySpending big on vaccine rollout, testing, and to shore up state and local governments on the frontlines of those efforts could help bring a swifter end to the country's healthcare crisis, which remains at the root of the econ… Read MoreDHFL voting likely to conclude todayThe frontrunners are Piramal Group, Oaktree Capital, and Adani Group who have submitted their offers for the housing finance company.
from Stocks-Markets-Economic Times https://ift.tt/2LOwRJU
… Read MoreMFs bet on NBFCs, auto and solar themes in DecemberIn December, fund houses allocated some money to NBFCs including housing finance companies, which could be beneficiaries of the expected revival in the real estate sector. Companies in the automobile sector were also added to… Read MoreBrokerages bullish on Infosys after robust Q3 resultsThe company’s revenue rose 5.5 per cent from the previous quarter to Rs 25,927 crore while profit increased 7.3 per cent from the quarter-ago period to Rs 5,197 crore.
from Stocks-Markets-Economic Times https://ift.tt/3qrmR8… Read MoreNBFCs seek TDS exemption on interest incomeAbout a dozen non-banking finance companies (NBFC) have approached the finance ministry seeking an exemption from Tax Deducted Source (TDS) on their interest income. The facility is available to high-street banks.
from Stock… Read More
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