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Showing posts with label Financial News India Stock Market News. Show all posts
Showing posts with label Financial News India Stock Market News. Show all posts

Thursday, July 18, 2019

Lok Sabha passes Finance Bill with minor changes, ‘no threat of investor flight’, says FM Nirmala Sitharaman

Lok Sabha passes Finance Bill with minor changes, ‘no threat of investor flight’, says FM Nirmala Sitharaman
FPIs remained net buyers in most part of 2019, having bought shares and local papers worth $13.08 billion so far this year. This compares with last year’s sale of $4.6 billion in equity and $6.7 billion in bonds.

Source: TFE

Make in India: Just half of country’s 268 mobile-makers operational

Make in India: Just half of country’s 268 mobile-makers operational
In December 2018, the prime minister went with the first estimate and spoke of 120 mobile makers. In the Interim Budget on February 1, the finance minister used the 268 number, and said this was a big jump from just two units earlier.

Source: TFE

Wednesday, July 17, 2019

IBC recovery: Financial creditors back on top again

IBC recovery: Financial creditors back on top again
Sources said the government is also considering making a submission explicitly stating the intent of the law before the Supreme Court where the Essar Steel ruling has been challenged by the CoC led by State Bank of India. The idea is to ensure that the NCLAT verdict doesn’t set a precedent and undermine the CoC’s say on the distribution of recovery proceeds.

Source: TFE

RBI’s surplus panel for staggered transfer over 5 years

RBI’s surplus panel for staggered transfer over 5 years
The ECF, which determines the central bank’s surplus transfer to the government, was one of the contentious issues in the much-hyped tussle late last year between the finance ministry and former RBI governor Urjit Patel.

Source: TFE

Tuesday, July 16, 2019

BSNL, MTNL revival: The choice is between devil and deep blue sea

BSNL, MTNL revival: The choice is between devil and deep blue sea
Hyper competition and spectrum auction design led to generation of surplus for the exchequer in the past but any such chances are not there now.

Source: TFE

Monday, July 15, 2019

IL&FS probe: ED to question Bawa, Sankaran this week

IL&FS probe: ED to question Bawa, Sankaran this week
The financial irregularities in the books of IL&FS came into scrutiny last year, after the company failed to fulfil short-term and long-term debt obligations to the tune of Rs 91,000 crore.

Source: TFE

Three IL&FS entities enter into pact with secured lenders

Three IL&FS entities enter into pact with secured lenders
The revised agreement includes certain concessions given by debtors, including release of cash flow from existing accounts to service financial and operational creditors, reduction in debt service coverage ratio requirement, revision in the interest rate charged to these companies and allowing the use of surplus cash.

Source: TFE

Supreme Court questions Sebi on IL&FS fraud probe

Supreme Court questions Sebi on IL&FS fraud probe
Sebi has moved the apex court against SAT’s order claiming that it should not be asked to investigate the Rs 460-crore IL&FS Securities case as it is beyond its jurisdiction to annul trades.

Source: TFE

Sunday, July 14, 2019

Telecom talks: Airtel loses rural subscribers, Jio sees a rise

Telecom talks: Airtel loses rural subscribers, Jio sees a rise
Jio's rural base during the same period rose from 35.87% in December end to 37.92% in March end.

Source: TFE