SKS Power’s lenders extend due diligence deadline
More than a dozen bidders including large Indian conglomerates such as Reliance Industries, Adani Power, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal, and bad loan aggregator Phoenix ARC have expressed interest in taking over the company.
Bearish derivatives bets rise to levels seen at Covid onset
Domestic institutions’ net bearish positions at 74% of their total bets were the highest in the past three years, said analysts. FPIs have sold shares worth ₹21,000 crore since September 1, while DIIs bought shares worth ₹22,175 crore during this period.
Fight against inflation will be prolonged and dogged: RBI
The Reserve Bank of India in its October Bulletin noted that India’s fight against ‘stubborn’ retail inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates and that it is fraught with uncertainties. However, going forward RBI expects the headline inflation to ease from its September high, albeit […]