Shares of Reliance Communications (RCOM) spike over 6 percent and hit their upper circuit (Re 0.80 on NSE and Re 0.69 on BSE) on November 25, 2019 on the news that Reliance Industries, Bharti Airtel and three others may bid for the assets of the debt-ridden company. The last date to submit bids is November …
RCOM stock price locked in upper circuits on asset sale buzz: Read More »
Moneycontrol Published On: Nov 24, 2019 Authored By: Rahul Agarwal ( Director at Wealth Discovery/EZ Wealth) India has been ranked third in the global startup ecosystem, as per a recent KPMG report as the number of startups in the country grew 7x in a decade — from 7,000 in 2008 to 50,000 in 2018. While …
Banks have an exposure of Rs 38,000 crore in Dewan Housing Finance Corporation Ltd (DHFL) which has now referred to the NCLT under the Insolvency and Bankruptcy Code (IBC). DHFL?s consortium of lenders comprises close to 30 banks. Among the lenders are State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Union …
Four years after the Supreme Court first directed the Reserve Bank of India (RBI) to disclose a list of India?s wilful defaulters, the central bank has finally complied. In response to a Right to Information (RTI) application filed by The Wire in May 2019, the RBI has released a list of 30 major wilful defaulters. …
Under RTI Act, RBI Finally Discloses Details of Major Wilful Defaulters Read More »
Finance Minister Nirmala Sitharaman on 20th November, said the Cabinet has given the in-principle approval for disinvestment in select CPSEs. This includes the government’s stake of 53.2 percent Bharat Petroleum Corporation Limited (BPCL). This is excluding BPCL?s 61% equity shareholding in Numalighar Refinery, based in Assam. Entire management control of BPCL to be transferred to …
Cabinet approves sale of 5 PSUs; 2 year moratorium on spectrum dues Read More »
On Tuesday share price of Reliance Industry rallied 3.87 percent intraday and became the first company among listed entities on exchanges to hit a market capitalisation of Rs 9.5 lakh crore, after the rival Vodafone Idea and Bharti Airtel decided to increase prices from next month. The share spiked on the expectations that the increase …
RIL MCap closer to Rs 10 lakhs crore, is it a part of your portfolio? Read More »
Share prices of leading telecom operators Bharti Airtel and Vodafone Idea rallied on Tuesday?s early trade and continued its rally on Wednesday trade as both the firms had announced a tariffs hike starting next month. However, there was not any guidance on theamount of the hike or the subscriber segments to be impacted by the …
