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“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-bank lender. “We expect a significant drop in profits for this (June) quarter.”
IndiGo, SpiceJet to launch long-haul overseas flightsMaking Indian airlines fly long-haul international has been a consistent endeavour of the aviation minister Hardeep Singh Puri, who has always maintained that Indian airlines should fly directly to these destinations and take… Read MoreDMart shares slip below key 200-DMA support“The first quarter was weak. Now the lockdown is coming back in key states. First quarter showed that 25-27 per cent of portfolio is discretionary and in some states there is an embargo on selling discretionary items,” said A… Read MoreStocks in the news: Britannia Industries, HCL Tech, YES Bank, ICICI Lombard and PTC IndiaThe Rs 15,000 crore follow-on public offer (FPO) by YES Bank was subscribed 48 per cent on Day 2 of the bidding process so far.
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… Read MoreEducation & marriage can wait, now it’s savings for CovidThere has been a dramatic change in risk perceptions since Covid-19 struck. Many of the concerns that were top of the mind for most last year have dropped off their lists as people have bigger things to worry about because of… Read MoreHC upholds single bench ruling in HUL-Emami rowWhile challenging the ruling of the single bench on Thursday, Emami also approached the Calcutta High Court to restrain Hindustan Unilever from using the trademark ‘Glow & Handsome.’ Emami said it had launched the tradema… Read More
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