Manoj Rawat

Shares of Reliance Communications (RCOM) spike over 6 percent and hit their upper circuit (Re 0.80 on NSE and Re 0.69 on BSE) on November 25, 2019 on the news that Reliance Industries, Bharti Airtel and three others may bid for the assets of the debt-ridden company. The last date to submit bids is November …

RCOM stock price locked in upper circuits on asset sale buzz: Read More »

Moneycontrol   Published On: Nov 24, 2019   Authored By: Rahul Agarwal ( Director at Wealth Discovery/EZ Wealth) India has been ranked third in the global startup ecosystem, as per a recent KPMG report as the number of startups in the country grew 7x in a decade — from 7,000 in 2008 to 50,000 in 2018. While …

More startups eyeing IPOs, but with dramatic fall in valuations of few unicorns, the hype is gone – Moneycontrol Read More »

Banks have an exposure of Rs 38,000 crore in Dewan Housing Finance Corporation Ltd (DHFL) which has now referred to the NCLT under the Insolvency and Bankruptcy Code (IBC). DHFL?s consortium of lenders comprises close to 30 banks. Among the lenders are State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Union …

Banks have to take a hit of Rs 36,000 crore from DHFL writeoff; Recovery of exposures by Mutual Funds has now a question mark. Read More »

Four years after the Supreme Court first directed the Reserve Bank of India (RBI) to disclose a list of India?s wilful defaulters, the central bank has finally complied. In response to a Right to Information (RTI) application filed by The Wire in May 2019, the RBI has released a list of 30 major wilful defaulters. …

Under RTI Act, RBI Finally Discloses Details of Major Wilful Defaulters Read More »

Finance Minister Nirmala Sitharaman on 20th November, said the Cabinet has given the in-principle approval for disinvestment in select CPSEs. This includes the government’s stake of 53.2 percent Bharat Petroleum Corporation Limited (BPCL). This is excluding BPCL?s 61% equity shareholding in Numalighar Refinery, based in Assam. Entire management control of BPCL to be transferred to …

Cabinet approves sale of 5 PSUs; 2 year moratorium on spectrum dues Read More »