Go First, the first Indian airline to file for voluntary insolvency proceedings, is reaching out to asset reconstruction companies and distressed debt funds for short-term priority funding, focusing on alternative sources of funds to ensure revival is not impacted by procedural issues. Lenders, Bank of Baroda and Central Bank of India, have agreed in principle to lend INR 450 crore, which would come at a 20% interest rate.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and