Comfort letters worth over Rs 30,000 crore given by PSUs under a haze

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An LoC is a document that gives a degree of assurance that an obligation – like servicing of interest and repayment of a loan – will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.

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Ventive Hospitality IPO subscribed 1.28 times as on Day 2. Check GMP, key dates and review

Ventive Hospitality IPO GMP: Ventive Hospitality’s Rs 1,600 crore IPO has been subscribed 78% by December 20, attracting strong demand from QIBs. The company offers

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Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance

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