"We firmly believe that there is much more to come in midcaps and smallcaps this year. The correction in this space started from 2018 and has lasted for almost 1 and a half year. The rationale remains, first the valuations have reached to comfortable level, however, with the recent sharp rally seen already in last two months they are not as cheap as they were, but still look attractive," Himanshu Gupta, VP Research at Globe Capital Markets told Moneycontrol. … [Read more...] about Corporate tax cut cheer: 40 NSE stocks gain 30-108% since Sept 2019
The report also mentioned two other offers by Pune-based builder Aniruddha Deshpande and UV Asset Reconstruction Company (UVARC).Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Oberoi, Interups join race to buy Lavasa: Report
There are three ways to withdraw an application under the IBC. First, when the Committee of Creditors (CoC) approves withdrawal of an application by 90 percent vote share. Second, after giving justifiable reasons to allow application withdrawal once expressions of interest have been invited and the CoC is constituted. Third, before the constitution of the committee of creditors (therefore, without 90 percent voting requirement) when such application is filed through interim resolution professional. Once withdrawn and approved by the NCLT (National Company Law Tribunal), a promoter can regain control of the company. … [Read more...] about New IBC amendment: Is it all over now for defaulting promoters?
Later, in the first week of January, a Supreme Court bench headed by Chief Justice of India (CJI) SA Bobde heard the defamation case that the Wadia chairman had filed in 2016, soon after he was ousted from the board of Tata Sons. Wadia had been vocal in his support for Mistry. … [Read more...] about Does closure of Wadia Vs Tata case have bearing on tussle with Mistry?