Brexit, US-China trade war resolution to help end 2019 on a good note: Radhika Rao, DBS
The next year is probably going to be more about convergence.
RBI may be done with rate cuts, swap markets show
“Market participants are now focusing on inflationary pressures and fiscal slippage.”
RBI to retain dovish bias going forward
Das said the pause was temporary and the central bank wanted to assess the effect of its policy after reduction of 135 basis points in five policies this year.
Asian stocks' valuations hit near 2-year high in November: Refinitiv data
MSCI World index's forward P/E was about 16, at the end of last month.
Patanjali secures Rs 3,200 crore loan from banks to buy Ruchi Soya
"The company has already secured required total debt from a consortium of banks led by State Bank of India," Patanjali Ayurved Managing Director Acharya Balkrishna said in a statement. Patanjali also said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from Punjab National Bank, Rs 600 crore from Union Bank of India.
NCLAT rejects DBS Bank's plea challenging distribution of funds from Ruchi Soya resolution plan
DBS Bank has extended financial debt amounting to USD 50 million (around Rs 243 crore) to Ruchi Soya and had secured as a sole first charge on fixed assets of the debt-ridden firm at Baran, Guna, Daloda, Gadarwara, Mumbai and Kandla. During the insolvency proceedings, RP had admitted claims of Rs 242.96 crore of DBS Bank.
Prudent spending, higher revenues to allay economic worries, says DBS
Encouragingly, cyclical growth momentum is getting a hand from reduction in rates and surplus liquidity conditions, wrote Radhika Rao, Vice Senior President and Economist at DBS in Singapore. Looking past the transient spike in inflation, there is room for monetary authorities to provide more support this year, added Rao.
ETMGS: Go local to realise $5 trillion economy, say D-Street experts
The day we realise ‘Be Indian, Buy Indian', most problems will be solved, says Nilesh Shah.
ONGC plans to raise $500m via dollar bond sale
ONGC launched a $2 billion medium-term note programme in August.
NCLAT extends deadline to December 16 for implementation of Patanjali's bid for Ruchi Soya
NCLT had admitted the insolvency plea filed by two lead financial creditors Standard Chartered Bank and DBS Bank. However, later the Singapore-based DBS Bank became dissenting creditor and approached NCLAT challenging the distribution of proceeds from the bid submitted by Baba Ramdev-led Patanjali Ayurveda.
How Essar verdict can move rupee
Currency traders are turning bullish on the rupee, as they are going long (buying) on the local currency against the dollar.
RBI may cut rates in December: DBS Bank
RBI observed that the tussle between fiscal worries and a dovish RBI continues to dictate rupee bonds.
Jobs confidence, not tax cuts, will push consumption spends: DBS
As per reports, to push up the sagging consumption, the govt is mulling to cut the Income Tax.
Indian economy has strong fundamentals, will revive on reforms taken by govt: India Inc
With its strong fundamentals, India is managing the effects of global slowdown with resolute measures in a host of sectors, besides taking up structural reforms in taxation, banking, finance, and thus change in India's ratings by Moody's Investor Service to 'negative' from 'stable' is incomplete in its assessment, said Assocham President B K Goenka.
JP Morgan hires bankers to boost corporate client services
JP Morgan hired Pranav Chawda, as head of Client Banking and Specialized Industries from DBS Bank and he had worked for Citibank prior to that. Dhaval Shah, who was the Director at Citibank most recently, would head the Western Region. Srinivasan Kannan, who has been with the bank for a while, would lead the business in Southern India.
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