Asian stocks rise to 7-month highs, hot inflation boosts Australian dollar
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.4% to a seven-month high, with South Korean shares gaining 1.3% as trading resumed after the Lunar New Year holidays.
Big Movers on D-St: What should investors do with Maruti Suzuki, Tata Motors and TVS Motor Company?
Stocks that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.
Banks relying on costly market borrowings for lending
“At this point in time, we are watching the next central bank move on the repo rate, so raising funds from the market makes sense because we can tweak the tenure. But with term deposits, there is no scope of repricing,” said a senior official at a private sector bank.
Lenders seek stay on Jet’s transfer to Jalan-Kalrock Consortium
The NCLT had approved the transfer of Jet Airways’ ownership on January 13, despite the lenders’ contention that the consortium had not fulfilled all condition precedents (CPs) – including securing the airline’s domestic flight slots and international traffic rights – as proposed in the resolution plan.
Maruti an attractive bet on high margins, but slowing demand could be a worry
Of course, we aren’t talking about its expanding portfolio of spanking new SUVs here – or that range-topping, highest-specifications crossover that now takes the OTR (on-the-road) price of a Maruti-badged car beyond the ₹20-lakh threshold.
Regulator imposes Rs 26 crore fine on Coffee Day
Coffee Day Enterprises, in consultation with the NSE, would have to appoint an independent law firm to take effective steps for recovery of the outstanding dues. VG Siddhartha, the chairman of the Coffee Day Group, had reportedly committed suicide in July 2019.
Sebi likely to challenge SAT ruling in SC
Sources close to the development said Sebi will argue in the apex court that the tribunal’s order is inconsistent with its earlier order against audit firm PWC in the matter of Satyam Computers. SAT had upheld Sebi’s order directing PWC to disgorge the fees charged by it.