Sensex climbs 650 points, Nifty tops 14,700 on US stimulus hopes, ease in bond yields
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Investors cheered progress over the $1.9 trillion covid rescue plan in the US. Stocks also gained, as 10-year US treasury yields dropped, easing investor concerns over widening of its gap with earning yields.
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Wockhardt employs more than 7,000 people and has a presence in the US, Britain, Ireland, Switzerland, France, Mexico, Russia and other countries. It has manufacturing and research facilities in India, the US and Britain, and a plant in Ireland. from Stocks-Markets-Economic Times https://ift.tt/2RO2P88
The RBI’s opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance Communications (RCom) as well. This would hurt state-run banks such as SBI, since they are the biggest lenders to companies that ARCs are looking to acquire in insolvency cases. from Stocks-Markets-Economic Times https://ift.tt/3joZLeO
Goswami Infratech, a company belonging to Shapoorji Pallonji group, has raised $1.74bn through the issue of zero-coupon bonds at a substantial yield of 18.75% for a period of two years and 10 months. The issue is rated BBB- by Care Ratings and has a put option at the end of December 2025 from Stocks-Markets-Economic Times https://ift.tt/be3qjYZ
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