Specialised equipment maker Kay Bouvet Engineering’s Rs 1,000 crore debt is poised for takeover by NARCL. Banks will see a 13% recovery through NARCL’s Rs 130 crore offer, which faced no competition in a Swiss challenge auction. This marks a potential final acquisition for the bad loan aggregator this fiscal year.
US stocks: S&P closes at record high as soft jobs report eases rate-hike concerns
The US stock market enjoyed a significant boost on Friday as the S&P closed at an all-time high. The unexpected rise in job losses led