Posts in category Economic Times
Pre-market action: Here’s the trade setup for today’s session (18-05-2024)
"Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Stocks in news: ZEE, Delhivery, Bandhan Bank, JSW Steel, Concord Biotech (18-05-2024)
ZEE Ltd has reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year.
Equity markets to stay open today for special trading (18-05-2024)
Trading will occur in two sessions—first, from 9:15 am to 10:00 am, and second from 11:30 am to 12:30 pm. Traders will be allowed to place only delivery trades, with no intraday trading permitted.
Can a collaborative approach break the credit rating impasse? (18-05-2024)
The GSDR report sheds light on ongoing discussions with Credit Rating Agencies (CRAs) regarding their approach to various debt restructuring options. It underscores the need to find ways to better integrate CRAs into the debt relief process paving the way for sustainable solutions for LMICs.
Vi may give government more equity to clear its bills (17-05-2024)
Vodafone Idea (Vi) CEO Akshaya Moondra discussed the telco's strategy to address government dues, including further conversions into equity and utilizing internal accruals. With obligations towards spectrum and AGR payments, Vi aims to leverage these methods before the moratorium ends in September 2025. Moondra also emphasized the viability of tariff hikes post-elections, highlighting the essential nature of mobile services. Vi is actively planning 5G rollouts, aiming for key city deployments over the next six months.
T-Minus 60: RBI fires liquidity booster (17-05-2024)
The Reserve Bank of India (RBI) has responded to tight liquidity conditions in the banking system by announcing a significant reduction in the government's treasury bill sales and introducing a new selection of bonds for the Centre's buyback operations. This move aims to alleviate cash constraints for banks, which have been exacerbated by muted government spending during the ongoing general elections. By reducing the supply of treasury bills and offering bonds for repurchase at acceptable prices, the RBI seeks to inject liquidity into the banking system and ease borrowing costs for banks.
NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offer (17-05-2024)
The National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval from the bankruptcy court for its bid for SKS Power Generation. This decision overturns the lower court's ruling in October, which instructed the committee of creditors (CoC) to review its selection of SEML as the recipient of the 600 MW power producer.
RBI urges ARCs to follow the regulations in letter & spirit (17-05-2024)
RBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs - Towards Effective Resolutions'. It was attended by senior-most RBI officials and 80 participants from the ARC sector.
TV Today Network Q4 Results: Net profit jumps nearly 2-fold to Rs 11.46 crore (17-05-2024)
The company had posted a consolidated net profit of Rs 5.85 crore in the year-ago period, TV Today Network said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 252.79 crore against Rs 217.14 crore in the corresponding period a year ago.
Need to think about capital markets reforms 2.0 to meet needs of growing economy: CEA (17-05-2024)
Chief Economic Adviser V Anantha Nageswaran called for capital market reforms 2.0 at the CII Annual Business Summit, emphasizing India's upcoming inclusion in JP Morgan and Bloomberg bond indices and the importance of managing foreign flows.