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Mid-day break… with EZ Wealth – September 13, 2021
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67559″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]-Supreme Court stays all High Court proceedings in Future-RIL deal
Supreme Court stayed all proceedings for a period of four-weeks related to the issue of enforcement of Singapore Emergency Arbitrator’s Award which had restrained Future Retail to get ahead with its Rs. 24713crs merger deal with Reliance Retail
–Coal India ramps up production to ease coal crisis
CIL which is facing shortages in supplies to thermal power stations has stepped up dispatches to the electricity sector in the first eight days of September, clocking around 20% growth at an average of 1.39mn tonnes per day, it is also likely to increase price of dry fuel by 10-11%
–Petronet eyes fresh foray into petchem business
India’s largest gas importer seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast. Tarun Kapoor, Chairman, said the company is embarking upon a major diversification drive to broad base its business activity and is exploring to have an ethane/propane import facility at Dahej Terminal
–Aditya Birla Fashion targets to hit Rs. 25k-cr revenue after 5 years
Leading fashion retail firm is targeting to hit Rs 25000 crore revenue after 5 years, according to its chairman, Kumar Mangalam Birla; the company had recorded a net revenue of Rs 5249 crore in FY 2021
–Kotak cuts home loan rates to 6.5%, lowest among major lenders
The private sector lender has reduced home loan rated by 15 bps ahead of the festive season and it will be valid for a period of 2-months; the lender has been reducing its home loan rates gradually over the last few months to gain market share; Axis bank, PNB Housing Finance and ICICI Bank are among the few banks that are charging the highest
–FPI’s pump in Rs. 7605cr in Indian markets so far in September
According to data from depositaries, investors pumped in Rs. 4385cr in equities and Rs. 3220crs in the debt segment in the period between September 1-9; FPIs funding comes after buying of Rs. 16459cr in August, with a record 14376cr investment in the bonds market
–Afghanistan on the brink of universal poverty, says UN
The United Nations development agency has said the Afghanistan is teetering on the brink of “universal poverty” which could become a reality in the middle of next year unless urgent efforts are made to bolster local communities and their economy[/vc_column_text][vc_column_text]
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