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Creditors are confident that they are well within their rights to ask for a rebid as they seek to maximise returns. They have also sought former attorney general Mukul Rohatgi’s opinion on whether rebids can be done in the current situation especially in the light of opposition from three bidders to the Adani Group’s late bid.
Jaiprakash Associates Q4 results: Net profit drops 86% to Rs 424 croreIts total expenses were at Rs 2,212.43 crore, down 4.76 per cent in Q4/FY 2020-21 as against Rs 2,322.95 crore a year ago.
from Stocks-Markets-Economic Times https://ift.tt/35EBFIr
… Read MorePowell renews forecast for inflation subsiding toward Fed’s goalFed officials surprised financial markets last week when their forecasts showed they pulled forward their expected timing and pace of interest-rate increases, from the current near-zero level, while also kicking off a discuss… Read MoreStock Market: Battling valuations and risksHowever, the earnings to bond yield ratio is below its long-term average on a trailing basis which is supporting current market valuations as bond yields have come off at around 6%. Any pickup in inflation may lead to a spike… Read MoreDay trading guide for TuesdayCurrent bouts of volatility would make the market healthier as over the past one year, such volatility has always offered incremental buying opportunity.
from Stocks-Markets-Economic Times https://ift.tt/35V4e4B
… Read MoreCovid 2.0 may bring a recast surge at NBFCs“The recast levels in the second wave will be at least 2-3 times of what we had seen last year because there is no benefit of a blanket moratorium this time; so we need to salvage whatever we can,” said the CEO of a large non… Read More
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