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The offer for sale (OFS) for the government’s 16.1% stake in Tata Communications closed on Wednesday with the total bid a little over 4.6 crore shares that are being divested. With the average bidding price at Rs 1,171, the government will mop up nearly Rs 5,400 crore from this divestment.
Credit cards on uptick as inquiries double in OctSocial distancing rules have forced consumers to rethink how they spend, with digital payments becoming an increasingly attractive. This shift in mindset is reflected in the growth in outstanding balances. Credit card outstan… Read MoreS&P retains 9% contraction for FY21"We retain our growth forecast of negative 9 per cent in fiscal 2020-2021 and 10 per cent in fiscal 2021-2022. While there are now upside risks to growth due to a faster recovery in population mobility and household spending,… Read MoreRebids for DHFL likely to be called this weekCreditors 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 cu… Read MoreStocks in news: IHCL, ICICI Lombard, Healthcare Global, Hero Moto, Auto in focus, and more
from Stocks-Markets-Economic Times https://ift.tt/2VksCXN
… Read MoreSGX Nifty up 5 points; here's what changed for market while you were sleepingNifty50 on Friday formed a bearish candle on the daily chart and an indecisive Doji on the weekly chart. The day saw the NSE barometer facing resistance above the psychological mark of 13,000, which has been the case for the … Read More
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