A prominent office complex in Mumbai backed by a PE giant and home to top i-banks and law firms has become a veritable hot bed of heated arguments over the force majeure clause. Many tenants want to re-negotiate terms. Some aren’t even inclined to pay at all citing non-usage of premises and government directives. The PE giant would not hear of it. It believes it should not be deprived of rent because entry following safety norms wasn’t barred and office servers were being used after all. An impasse continues as both sides are immersed in a cost-benefit analysis. The PE giant’s aggression is not surprising because its decision on this complex will have a bearing on its other portfolios too. … [Read more...] about MC Insider: String of exits at private lender, hurting Chinese ownership, deadly COVID secrets in banking and more
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A) The auto sector has been witnessing a weak volume trajectory over the last 6-8 quarters, driven by slowing economic activity and retail consumption. We see the auto sector reviving at the margin in 2HFY21/FY22, driven by better rural demand and increased private transportation needs due to COVID. … [Read more...] about DAILY VOICE: Four reasons why IT stocks are hitting 52-week highs
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
Whenever you see pullbacks, they are going to be very sharp in the banking space, and considering the current dynamics, it looks difficult for a sustainable rally but some revival can be expected in the near term, Gaurav Garg, Head of Research at CapitalVia Global Research Limited – Investment Advisor, said in an interview with Moneycontrol’s Kshitij Anand. … [Read more...] about Sustainable rally in banking looks tough, but revival can be expected in near term: Gaurav Garg
“Out of these nearly 40 companies, 15 are Banks & NBFC’s, which has suffered most due to COVID-19 and recovery in these will take longer. Other companies belong to capital intensive sectors such as auto, auto-ancillary and real estate,” Atish Matlawala, Sr Analyst, SSJ Finance & Securities told Moneycontrol. … [Read more...] about These lucky 7 midcaps turned largecaps in the last one year; time to buy?