Altico Capital defaults on Rs 138 crore debt repayment
Altico Capital’s financial stress first came to light in September when it defaulted on interest payments on an external commercial borrowing of Rs 20 crore.
Sebi exempts govt from open offer to Canara Bank shareholders
In September, the finance ministry had decided to infuse Rs 6,571 crore in the ...
Share market update: BSE Capital Goods index up; Graphite India gains 2%
The S&P BSE Capital Goods index was trading 0.62 per cent up at 17,0...
Life insurers explore financial reinsurance to raise capital
A study by Actuarial firm Milliman showed that 35 per cent of the 17 companies in survey are looking to raise capital from reinsurers.
Govt set to infuse ₹1,000 crore equity in IIFCL
The recent churn in the financial sector has seen private players such as ICICI Bank and Axis Bank shun the term loan business, while even public sector players — including State Bank of India — are reluctant to lend to infrastructure projects, which not only have a long-gestation but also carry massive implementation risks.
Reliance Capital defaults on debt repayment
On November 15 as well, the company had defaulted on interest and principal obligations on bonds.
India's real GDP growth in FY20 to come below 5%: IHS Markit
India's real GDP growth in 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said.
IHH infusion into Fortis dubious, clandestine: SC
The Supreme Court has termed IHH Healthcare's decision to infuse Rs 4,600 crore into Fortis Healthcare to buy back hospital assets from Religare Health Trust as very “dubious and clandestine manner, without full facts being brought on record.” Malvinder and Shivinder Singh, former promoters of Fortis, were the biggest unit holders of IHH Healthcare.
Share market update: BSE Capital Goods index down; Sadbhav Engineering slips 3%
The S&P BSE Capital Goods index was trading 1.14 per cent down at 16,969.25 .
Ambit Capital retains buy on Eicher Motors, raises target price to Rs 24,673
Royal Enfield would deliver around 12% volume CAGR in FY20-22, post around 11% decline in FY20, said Ambit.
Medall CEO Raju quits, Peepul Capital’s Ananth to take over
Ananth stressed that Medall would keep its focus on business continuity. Peepul Capital owns 80% stake in the firm.
This Rs 4.5 lakh crore asset manager is losing market share, but stock is up 100%
Analysts now expect returns from the stock to moderate after a steep rally.
Share market update: BSE Capital Goods index down; NBCC slips 3%
The S&P BSE Capital Goods index was trading 0.9 per cent down at 17,214.74.
YES Bank slips 7% even as Capital Int'l commits to invest $120 million
YES bank plans to raise $2 billion on a preferential allotment basis from eight investors.
What PM Modi needs to do to get a flood of foreign capital into debt market
Foreigners hold just 3.7 per cent of the almost Rs 60 lakh crore of sovereign bonds issued.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service