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All of the bank's equity, including the shareholding of Indiabulls Housing Finance (4.99%), Srei Infrastructure Finance (3.34%), Capri Global (3.82%) and promoter ownership of 6.8%, as well as stakes held by retail investors, are set to be extinguished as the draft scheme of amalgamation says that the entire paid-up capital of the bank will be written off.
Paytm Q4 results: Losses narrow 37% to 2,597 crThe decline in losses was largely on the back of curtailed expenditure, the company said in a statement, adding that it aimed to turn in a profit by 2022.
from Stocks-Markets-Economic Times https://ift.tt/2ZbcTwu
… Read MoreLiquidity, repo cuts not enough to keep market rates low: Arun SrinivasanIf inflation doesn't ease, the RBI may be forced to take its first step on unwinding as early as February with an increase in reverse repo rate.
from Stocks-Markets-Economic Times https://ift.tt/325cP3z
… Read MoreHDFC disburses over 50,000 PMAY home loans in 6 months including lockdown periodIn a statement, HDFC said it has approved over Rs 47,000 crore of home loans under CLSS to more than 2 lakh homebuyers belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Groups (MIG).… Read MoreA week like this was a long time coming for day-trader faithfulA few days of gut-wrenching declines in Apple and Tesla were the harrowing welcome for anyone who bought in the split-induced frenzy -- a reminder that stocks don’t always go up, to correct a favorite saying.
from Stocks-Mar… Read MoreIndia is witnessing a V-shaped recovery, says finance ministry in monthly economic reviewRelative to advanced nations, the monthly economic review of the ministry for August said, contraction in India’s gross domestic product (GDP) in the April-June quarter has been ‘slightly higher’ but attributed the same to th… Read More
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