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Data the Reserve Bank of India shared with Right to Information Act activist Biswanath Goswami showed that Mehul Choksi-owned Gitanjali Gems was the top wilful defaulter, accounting for Rs 5,071 crore of non-performing assets (NPA). Banks wrote off Rs 622 crore of the firm’s loans.
From crypto art to trading cards, investment manias aboundEven as millions were laid off in the pandemic, many people’s bank accounts flourished, flush from relief checks and government cash infusions into the economy.
from Stocks-Markets-Economic Times https://ift.tt/3liAkxN
… Read MoreAMFI backs Sebi on perpetual bond issueIn a statement, the Association of Mutual Funds in India (Amfi) said "it fully supports the need and spirit of the circular in capping exposure to perpetual bonds".
from Stocks-Markets-Economic Times https://ift.tt/3qI2Hqn
… Read MoreIndia’s move to deter digital monopolies may hit Amazon, WalmartThe draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy, a copy of which was seen by Bloomberg News.
from Stocks-M… Read MoreSix IPOs, rising bond yields, Covid cases: Key factors to steer market this weekPrimary market investors will face the problem of plenty as many as six IPOs will be active during the week.
from Stocks-Markets-Economic Times https://ift.tt/3tb041Q
… Read MoreSGX Nifty down 5 points; here's what changed for market while you were sleepingAsian stocks rose on Friday, following firm overnight leads from Wall Street and Europe as a further retreat in bond yields eased concerns about rampant inflation, restoring appetite for battered tech stocks.
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