PVR rises on big box-office run, likely to see more gains

The stock declined 0.7% to ₹1,698 on Tuesday. Earlier this week, PVR surged to ₹1,744 – the highest level in nearly seven months. Cinema exhibitors have had a turbulent ride in the last three-four years on account of a prolonged shutdown due to the Covid-19 pandemic, audiences’ hesitancy to venture into crowded places, a weak […]

Banking system liquidity in deficit as ICRR kicks in

Daily central bank data showed that the RBI injected funds worth ₹23,644.4 crore into the banking system on August 21, marking the first infusion of cash since March 27. An injection of funds by the RBI reflects deficit liquidity conditions in the banking system.

SKS Power’s losing bidders challenge lenders’ decision

Torrent Power and Vantage Point Asset Management have appealed against the decision to award bankrupt SKS Power Generation to Sarda Energy & Minerals, alleging bias in the evaluation process. Both companies are seeking the court’s direction to reconsider their plans and provide another opportunity to offer better value.