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Prior to the transaction, Kacholia held a 2.58 per cent stake in the company, as per the June shareholding data.
Direct monetisation should be last resort: D SubbaraoThe current situation does not call for the RBI directly monetising the deficit. The cost of doing that will be much more than the benefits. There is an enormous amount of liquidity in the system. Banks are flush with funds a… Read MoreExplainer: What is ‘money printing’?Monetisation is the third unconventional alternative for governments to raise funds other than borrowing and raising revenue through tax and divestment. Monetisation occurs when the central bank buys bonds directly from the g… Read MoreMarket getting into overbought zone: What to expect now“While Nifty is expected to see a 52-week high, the same may not happen for Bank Nifty. Downward pressure in Bank Nifty will be trigger for any upcoming weakness in Nifty, which can take it down to 15,200 levels,” says Sacchi… Read MoreStocks in the news: Tata Steel, PNB, Quess Corp, BoB, MRF and DHFLPNB posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by good increase in interest income.
from Stocks-Markets-Economic Times https://ift.tt/3ptCxbV
… Read MoreCentral Bank, IOB up for privatisation?The Centre may sell its stake in Central Bank of India and Indian Overseas Bank (IOB) as part of its mega privatisation initiative unveiled in the Union Budget in February.
from Stocks-Markets-Economic Times https://ift.tt/3… Read More
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