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The NBFC sector has been going through doldrums following the defaults by some big names like IL&FS and DHFL making investors and lenders ultra cautious. The quantum of loans rescheduled at Srei is not known, but lenders said that the company was facing liquidity tightness.
Raise taxes on rich to spend on poor: Joseph StiglitzThe Indian government had earlier rejected a proposal put up by the Indian Revenue Service Association to levy higher taxes on the uber-rich to meet the revenue shortfall. The government also took stern action against three o… Read MoreBuy Asian Paints, target price Rs 2140: Motilal OswalAsian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 195719.51 Crore) operating in Building Materials sector.
from Stocks-Markets-Economic Times https://ift.tt/2GHeOCw
… Read MoreSGX Nifty down 20 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 19 points lower at 7 am (IST) in signs that Dalal Street was headed for a flat start on Monday. Nifty had closed at 11,416.95 on Thursday and was shut on Friday on account of Gan… Read MoreFranklin debt funds closure: HC may pass verdict todayFranklin Templeton had abruptly closed down the six debt schemes handling Rs 26,000 crore of investor money on April 23 citing redemption pressure and lack of liquidity in the bond market.
from Stocks-Markets-Economic Times … Read MoreBuy Tech Mahindra, target price Rs 865: Motilal OswalTech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 79468.11 Crore) operating in IT Software sector.
from Stocks-Markets-Economic Times https://ift.tt/2I0sCZT
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