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The court also compared the 99.3% haircut that the operational creditors had to take with a “tonsure” or “total shave”. In its order, the NCLT requested lenders and the buyer to pay more to operational creditors, especially the micro, small and medium enterprises.
SGX Nifty down 5 points; here's what changed for market while you were sleepingAsian markets were trading largely higher in Tuesday’s trade despite overnight fall in US stocks. Japan’s Nikkei jumped 1.03 per cent, Hong Kong’s Hang Seng climbed 1.2 per cent; Korea’s Kospi advanced 0.8 per cent while Chin… Read MoreFIIs turn bearish on index futures after 5 monthsThe last time they were net short 5,078 index futures contracts cumulatively was on November 4 last year. Thereafter FIIs been net bullish index futures, with a peak of 91,355 contracts and trough of 10,948 contracts over Nov… Read MoreAsian equities cautious ahead of US earnings & inflation dataHong Kong's Hang Seng Index added 0.6% in early trade while the mainland bluechip index CSI300 edged up 0.3% ahead of March trade figures.
from Stocks-Markets-Economic Times https://ift.tt/3t8ASJP
… Read MoreInfosys likely to go for a $1.2-1.9 billion buybackNomura expects Infosys to announce a buyback in the range of $1.3 billion to $1.9 billion at a maximum price of Rs 1,650, which is equivalent to 1.5-2 per cent of the outstanding equity. Nomura has retained Infosys as its top… Read MoreJaypee Infra lenders find little comfort in bidders’ land offer"Now with the SC disallowing the use of this money by NBCC, it remains to be seen how the company arranges the money. Both the bids opened today have no cash component. NBCC is offering lenders land and some equity in the Yam… Read More
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