The times they are a-changing on Dalal Street! DHFL's latest earnings had it written all over. For a company longing for a strategic investor and a debt recast by its lenders and still admitting that 'it may not survive as a going concern' showed a lot of cautiousness among auditors and the board.
STREET PULSE: Where we stand  | Nifty futures on Singapore Exchange traded flat at 7 am (IST) Monday, signalling a rangebound session ahead. Asian shares started on a softer note ahead of June quarter GDP print from Read More |
| Crode Oil prices edged down on Monday on expectations of a slower June quarter GDP growth print from China. Brent crude futures fell 6 cents to $66.66 a barrel while WTI crude futures slipped 5 cents to $60.16. Read More |
| LOOK WHO'S |  |
Hand of God?...England last night won the Cricket World Cup for the first time under extraordinary circumstances, beating New Zealand in a tiebreaker of boundaries scored after the match was tied after regulation play and then the first Super Over in the tournament's history.
Read More Good news for FPIs... The government is considering some relief for FPIs from the super-rich tax surcharge. One of the options being considered is to leave out those FPIs which operate through trusts but pool savings of pension funds, retirement pools or those not so well-off. But the rich who route savings via trusts will not get any relief.
Read More | WHO'S |  |
Three, Two, One, Abort...
Isro called off the launch of Chandrayaan 2, India's most ambitious space mission yet, early this morning 56 minutes before blast-off because of a 'technical snag'. The powerful GSLV Mark III rocket was set to go up from Sriharikota in Andhra Pradesh at 2:51 am with a rover that would land on the Moon in about two months' time.
Read More THROWING A SPANNER...Mutual funds with investments in DHFL's secured debt are objecting to a plan put together by high-street banks to resolve the mess. The fund houses have told the banks the basic tenet of law is being undermined by the plan that proposes to pay 'unsecured creditors' in full while forcing 'secured creditors' like MFs to take haircut.
Read More Meanwhile... A forensic audit commissioned by SBI against Jet Airways has revealed misappropriation of funds relating to provisions of loans and fraudulent billing for JP Miles.
Read More 
Buy
No comments:
Post a Comment