Sanjiv Bhasin, Director, IIFL Securities, says “three sectors – autos, specialty chemicals and metals or commodities are going to be the play from China. China has seen a re-rating and we have seen a strong accumulation. In fact, some FIIs have now started to sell here and buy some of the Chinese, particularly these three … Read more
National Asset Reconstruction Company of India (NARCL) has proposed to acquire the debt of Jaiprakash Associates from banks for ₹10,000 crore, making it the largest offer made so far by the government-backed asset reconstruction company (ARC) that started operations just over two years ago. If a majority of lenders sell their debt, ARC will acquire … Read more
New Delhi, Finance Minister Nirmala Sitharaman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset Reconstruction … Read more
