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Central bank governor Shaktikanta Das said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets.
Asian equity markets firmer as retail frenzy unsettles outlookAustralia's S&P/ASX 200 benchmark was up 0.81% and South Korea's KOSPI up 0.79%, adding to a rally in the previous session. Japan's Nikkei futures rose 0.6% and Hong Kong's Hang Seng index futures eased 0.1%.
from Stocks… Read MoreGovernment’s massive borrowing loads pressure on RBI to tame yieldsBonds sold off on the announcement of government borrowing, with the benchmark 10-year yield rising 16 basis points to 6.06% while the 5.15% 2025 bond yield rose 27 basis points.
from Stocks-Markets-Economic Times https://if… Read MoreOil prices rise as producers commit to output restraintBrent crude was up 51 cents, or 0.9 per cent, at $56.86 a barrel by 0134 GMT, while U.S. oil gained 53 cents, or 1 per cent, to $54.08 a barrel. Both contracts rose more than 2 per cent in the previous session.
from Stocks-M… Read MoreBudget 2021: One country, one securities codeThe budgetary proposal to introduce a unified securities market code will help eliminate overlapping and outdated laws, say lawyers. The government intends to consolidate the Sebi Act, Depositories Act, Securities Contracts (… Read MoreStocks in the news: Indigo Paints, HDFC, Tata Consumer, Indian Bank and Tata MotorsPI industries, Dixon Technologies, Ajanta Pharma, Vinati Organics, V Mart, Balrampur Chini and Intellect Design are among companies which will announce their December quarter results on Tuesday.
from Stocks-Markets-Economic … Read More
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