Big Movers on D Street: What should investors do with Titagarh Wagon, Titan, and Quess Corp?
Equity benchmarks reached all-time highs on Wednesday, driven by foreign investment and a rally in developed markets. Stocks such as Titagarh Wagon, Titan, and Quess Corp gained on Wednesday, prompting recommendations from Riches Vanara, Technical And Derivatives Analyst at stoxbox. While Titagarh Wagon shows constructive base formation, caution is advised due to overheated price momentum. […]
10% retail borrowers missing their monthly payments: RBI
An inflation print higher than the mandated band of 2-6% puts household debt portfolio of many retail borrowers at risk, the central bank said.
Lenders said to have approved Hinduja offer for Reliance Capital, could recover over Rs 10k-cr
Lenders could recover more than ₹10,000 crore, or about 40% of verified claims, under the proposal from IndusInd International Holdings Ltd (IIHL). As much as 99.6% of the lenders favoured the plan as the voting ended Thursday, they said.
‘Is it ethically proper for a cardiologist to be on the board of a fast food company?’ asks proxy advisory firm SES
Proxy advisory firm Stakeholders Empowerment Services (SES) has raised concerns over the presence of cardiologist Dr. Naresh Trehan as an independent director on the boards of Devyani International and Varun Beverages. Devyani International operates fast-food chains such as Pizza Hut and KFC, while Varun Beverages is a major franchisee of Pepsico. SES advises shareholders of […]
MCX renews IT deal with 63 Moons due to TCS delay
MCX hired TCS in September 2021 to design and deploy software for securities trading and market infrastructure. The new software was to replace the existing software before the end of its contract with 63 Moons on September 2022.
Fintechs seek first loss default guarantee cover for co-lending deals, too
Fintech companies say that such an extension will allow more skin in the game and give banks the confidence to enter into more such tie ups.
Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits
If banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.
Solar Industries AGM exposes feud between Nuwal brothers
Four special resolutions, including on the appointment of an independent director and alteration of the company’s articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.
IL&FS’ stake sale in IPRWL to IndianOil Adani hits IOC hurdle
This is the second time the sale of this distressed asset has encountered obstacles, following a Morgan Stanley-run fund’s withdrawal from a deal to purchase it a year ago.