IL&FS unit, lenders lock horns over future of some road assets
The lenders see value in selling the assets while ITNL wants a resolution by transferring the asset to its infrastructure investment trust (InvIT).
With yields cooling, companies flock to debt market in Apr-May
In its last policy statement on April 6, the RBI’s Monetary Policy Committee took markets off-guard by keeping the repo rate unchanged at 6.50% as against expectations of a rate increase.
NSE counters BSE with shift in Bank Nifty F&O expiry to Friday
In a circular on Tuesday, NSE said weekly, monthly and quarterly contracts of Bank Nifty will expire on Friday. Bank Nifty derivatives are the second most popular contracts after the benchmark Nifty with nearly 26% share in total options trading volume.
IT index records worst fall in 2 months
EPAM cut its sales growth guidance for 2023 by an unexpected 500 basis points citing a slowdown in discretionary spending. The company now sees its revenues lower by 2% on a year-on-year basis, compared to its earlier guidance of a 3% growth.