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Global investment banks — Goldman Sachs and Morgan Stanley — have sounded optimistic about India’s economic recovery and have forecast a strong rebound next year as economic activity gathers momentum and vaccine deployment to fight the dreaded Covid-19 pandemic is undertaken.
Tough to get companies’ moratorium dues by March 31: BankersAt present, borrowers who opted for the moratorium are much more indebted than they would have been had there been no lockdown. At the same time, they do not have the turnover to support the higher debt. Current rules require… Read MoreAsian shares defensive; eyes on EU summit, U.S. stimulus talksInvestor focus is squarely on a European Union Summit where leaders are haggling over a plan to revive economies throttled by the COVID-19 pandemic.
from Stocks-Markets-Economic Times https://ift.tt/2WBzFN4
… Read MoreInfosys' Vanguard deal value pegged at $1.5 billionThe mammoth deal explains a good part of the surge in the company’s share price on Wednesday and Thursday last week, and the confidence the company had in reinstating its revenue guidance for the year.
from Stocks-Markets-Ec… Read MoreIndia’s holdings of US treasuries rise in Apr-MayIndia’s investment in US treasury securities touched $169.9 billion in May, from $156.5 billion in March, according to the latest data released by the US treasury department. Most of the investments are by the RBI from its fo… Read MoreSGX Nifty down 55 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 55.5 points, or 0.51 per cent lower at 10,873.50, in signs that Dalal Street was headed for a negative start on Monday.
from Stocks-Markets-Economic Times https://ift.tt/3fMsE3j… Read More
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