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Also under consideration will be promoter Venugopal Dhoot's offer for a settlement which may be rejected given its prolonged nature of payment, dependence on bank funding and enforcement agencies’ actions, bankers privy to the discussion said.
Sensex rises 315 points, Nifty above 12,000 for the first time since Feb 25Bluechip indices have rallied for seven straight days led primarily by IT and pharma stocks and now banking names, which have highest concentration in benchmark indices, are also participating giving wings to the rally. FMCG … Read MoreAsian stocks creep higher on US stimulus hopesThe People's Bank of China has scrapped a requirement for banks to hold a reserve of yuan forward contracts, removing a guard against depreciation, which traders said suggested authorities were discomfited by recent gains.
f… Read MoreDigital push helps Sundaram mop up Rs 650 crore in Bluechip Fund NFOThe mopup was significantly higher that the fund house's two previous NFOs in the last one year, when Sundaram Equity Fund had mobilies Rs 358.95 crore in September 2019 and Sundaram Balanced Advantage Fund had collected Rs 4… Read MoreSGX Nifty up 30 points; here's what changed for market while you were sleepingDespite having recovered strongly from a low point at 10,800 in the last few sessions, the index is not showing any major sign of fatigue. Nifty formed a bullish candle on the daily chart, negating Thursday's indecisive Doji … Read MoreWhite House pushes for limited coronavirus relief bill as broader effort meets resistanceThe proposal was the latest twist in the on-again, off-again talks to try to secure more stimulus for the economy, which is struggling to recover from coronavirus-related shutdowns that threw millions of Americans out of work… Read More
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