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The consortium of London-based investor Kalrock Capital and Gulf-based businessman Murari Lal Jalan had in October 2020 got approval for its resolution plan to revive the grounded airline. In December, it said it wanted to resume Jet’s flights in the summer of 2021.
Government’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 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 MoreGovt unlocks banking, sets stocks free to soar higherGiven the budget’s accent on boosting infrastructure, the bets are on lenders that will play key roles in bankrolling them. HDFC Bank and ICICI Bank are top picks for D-Street.
from Stocks-Markets-Economic Times https://ift.… Read MoreAsian 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 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.
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