Coronavirus impact to be severe, prolonged for aviation, hospitality, retail: ICRA SBI Chairman Rajnish Kumar says Rs 10,000 crore Fund of Funds for MSMEs to be operational soon Coronavirus pandemic | Battling fear of hospitals, many Mexicans say, ‘I’d rather stay home and die’ … [Read more...] about Sustainable rally in banking looks tough, but revival can be expected in near term: Gaurav Garg
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Employees of a top research and investment banking firm in Mumbai are an anxious lot these days. The problem? It’s owned by a big Chinese company. Oh boy! Remember, the list of casualties on account of sustained anti-China sentiment is mounting. China's Vivo wad forced to give up its title sponsorship of the IPL only last week. A few employees of this firm, which is highly respected for its research work, believe that a Chinese parent could hurt their chances of bagging lucrative investment banking deals. This is happening exactly when government divestment mandates are round the corner. What sours the mood even more is that many of their former colleagues quit the firm recently (just in time before the India-China border issue) and are now with a top tier US research firm. Hey, you win some, lose some! … [Read more...] about MC Insider: String of exits at private lender, hurting Chinese ownership, deadly COVID secrets in banking and more
The RBI has permitted commercial banks, cooperative banks, small finance banks, AIFIs and NBFCs (termed as “lending institutions”) to allow a further 3-month moratorium i.e from June 1 to August 31, 2020 on the payment of installments in respect of term loans outstanding as on March 31, 2020. Consequently, the repayment schedule may be shifted by an additional 3 months … [Read more...] about 5 reasons why market may not have liked RBI’s announcements: Experts
“The stocks mentioned have outperformed in the last year one year and selectively we believe stocks like Abbott, Ipca Labs, Jubilant Food works and Tata Consumer are the potential outperformers as they are being leaders in respective categories of products in their sectors,” Vikas Jain, Senior Research Analyst at Reliance Securities told Moneycontrol. … [Read more...] about These lucky 7 midcaps turned largecaps in the last one year; time to buy?
"Our mantra earlier was 'jaan hai to jahaan hai' (if there's a life, there's a world) but now is 'jaan bhi, jahaan bhi', (we need a life, we need the world too) the PM told state CMs, perhaps obliquely hinting that the government's strategy would now not just be focusing on saving lives but also kickstarting the economy. … [Read more...] about PM Modi’s address: Total withdrawal, partial lifting or extension of lockdown? Here are a few possibilities