Highlights- Tewoo Group’s debt recast proposal has been rejected by investors- Largest default by a state-owned company in China- Recently, Peking University also missed interest payments- Three regional banks have collapsed since May-------------------------------------------------Chinese commodities trader Tewoo Group has become the first Chinese state-owned company in two decades to default on its US dollar -denominated bonds. While the government is taking measures to alleviate the debt market stress through fundraising and interest rate cuts, delinquencies continue to rise as China is witnessing its worst economic slowdown in nearly three decades. Tewoo’s default signals that corporate stress has aggravated further and the Chinese government is finding it difficult to contain credit risk in a weakening economy.Close Company background related news Govt has no business to be in business: Anil Agarwal Honda Cars India partners TranzLease for auto finance … [Read more...] about Tewoo Group’s debt default indicates rising credit risks in China
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The sustained inflow of foreign funds is one of the biggest factors to have helped the Indian market trade near all-time high levels recently despite the prevailing weakness in the Indian economy.Data shows that foreign portfolio investors (FPIs) have been net buyers for straight three months, with November witnessing $3.14 billion inflows against $2.2 billion the previous month.On the sectoral front, banks witnessed a strong revival in the foreign fund flow. Non-banking financial companies (NBFCs) and telecom have of late seen funds flow in after continuous sell-offs in previous months, a report from brokerage firm ICICI Direct shows.Close A consistent inflow was seen in insurance and media space, whereas technology, pharma and transportation space saw continuous selling. related news Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020 D-Street Buzz: FMCG stocks under pressure led by HUL, ITC; Tech Mahindra, TCS up 2% each Voltas share … [Read more...] about FPIs bet big on banks in November; is the sector gearing up for growth?
Moody's Investors Service on Monday said that India's weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors.Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9 percent from 5.8 percent.The major factors responsible for weakening economic growth were rural financial stress, low job creation and liquidity constraints, Moody's Investors Service said in a report.Close "What was once an investment-led slowdown has now broadened into weakening consumption, driven by financial stress among rural households on the back of stagnating agricultural wage growth and constrained productivity, as well as weak job creation due to rigid land and labour laws," said Deborah Tan, a Moody's Assistant Vice President and Analyst. related news Country facing 'explosive' atmosphere: Kerala CM Pinarayi Vijayan WPI inflation rises to 0.58% in November Household consumption has been … [Read more...] about India’s weak household consumption to curb economic growth: Moody’s
Gaming laptops have undergone several transformations over the years. While gaming laptops of the past have taken on big bulk form factors, modern gaming laptops balance the scales between power and portability.In fact, we can narrow premium gaming laptop designs down into three categories – sleek and stylish (Asus Zephyrus / Razer Blade), take no prisoners behemoths (MSI GT76 / Dell Alienware Area 51m), and the gaming-centric powerhouses (MSI GP75 Leopard and HP Omen X 2S) that aren’t sleek but not too big and heavy at the same time.But what we are speaking about at this moment is something different altogether. The Asus ROG Mothership isn’t like any gaming laptop you’ve seen before. Although you can call it a behemoth, its design defies the traditional norms of what a gaming laptop should look like but more on that later.Close The ROG Mothership packs a powerful 8-core CPU, the best-in-class GPU, faster storage, an impressive display, and more. So, … [Read more...] about Asus ROG Mothership review: Power meets innovation in a premium gaming laptop that’s everything but portable
The government initiatives to bring economy back on growth track lifted overall market sentiment which resulted into 13 percent market rally since September. In fact, benchmark indices hit a fresh high towards the end of November and currently after consolidation for more than a week again inched towards those earlier highs.It is all thanks to inflow of foreign money, especially after the government measures, including cut in corporate tax rate.Experts believe the government efforts to bring economy on track will be seen in coming years and currently the rally seen in few stocks that helped benchmark indices report double-digit return in just three months will trickle down to mid and smallcaps also in coming years.Close "We expect the upcoming year to be a good for equity investments, especially the midcaps, following the aggressive roadmap of reforms undertaken by the government treading fiscal prudence path," Axis Securities said. related news D-Street Buzz: FMCG stocks … [Read more...] about Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020