It can be noted that Edelweiss ARC has been buying over stressed loans of lenders from banks since last year and is now planning a Rs 4,500 crore restructuring for the ailing company
Posts tagged MC
Bharati Shipyard loan: Edelweiss calls for debt aggregation (15-09-2015)
Vedanta on major cost cutting drive at Goa iron ore biz (15-09-2015)
The firm led by NRI billionaire Anil Agarwal is expected to resume iron ore mining, after a gap of three years, at its Codli and Bicholim mines in the state next month. It has been allowed to produce 5.5 million tonnes (MT) of the commodity.
Indian PC market slips 13% to 2.2 mn units in Q2: Gartner (15-09-2015)
There was also 18 percent decline, year-on-year, in mobile PC shipments in the second quarter due to a deeper slack in consumer demand.
Reserve Bank of India may limit size of lender consortiums (15-09-2015)
Reserve Bank of India Deputy Governor R. Gandhi told a conference on Tuesday that banks with small exposures assume less responsibility when loans sour – a major problem for India, as it seeks to tackle $50 billion of bad debt that’s slowing credit growth and hampering a broader economic recovery.
Sensex sheds 151 pts on profit booking; Bank Nifty slips 1% (15-09-2015)
Overall not only India but also global markets continued to be rangebound ahead of major event – Federal Reserve’s two-day meet that will begin on September 16. The volatility may continue, feel experts.
Nandan Nilekani invests in telecom startup Mubble (15-09-2015)
The Mubble app helps users track and control their mobile data usage and telecom spends by giving them one-click access to information about usage patterns across SIMs.
Govt permits foreign investments through partly paid shares (15-09-2015)
The government is taking several steps to boost FDI. It has relaxed FDI norms for sectors such as medical devices, defence and construction activities. During April-June quarter of this fiscal, foreign direct investment into the country grew by 31 percent to USD 9.50 billion.
Trichet to Fed: Ignore the IMF, World Bank (15-09-2015)
In early September, both the World Bank and the IMF cautioned the US central bank against raising rates until the world economy was on a surer footing.
Sensex falls over 150 pts; European mkts erase early gains (15-09-2015)
European shares were trading weak with UK’s FTSE down 51 points at 6032, Germany’s DAX down 28 points at 10103, and France’s CAC down 5 points at 4512.
Sensex, Nifty extend losses; Europe erases early gains (15-09-2015)
European shares were trading weak with UK’s FTSE down 51 points at 6032, Germany’s DAX down 28 points at 10103, and France’s CAC down 5 points at 4512.