Note: Insider Buy/Sell is as defined by SEBI Insider Trading Regulations, 1992 Bulk Deal is defined as any trade in which quantity transacted is more then 0.5 per cent of the companies equity shares listed on the exchanges. The above mentioned data is not completely Extensive as relatively smaller trades have been excluded. (Edelweiss Alternative Research) … [Read more...] about Stocks in the news: Airtel, NIIT Tech, Dr Reddy’s Labs, DLF, BPCL, IDBI Bank and Vodafone Idea
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MUMBAI: Goldman Sachs Group Inc and Asian distressed credit specialist SSG Capital Management are in separate talks to buy about Rs 2,500-3,500 crore worth of bad loans at RattanIndia Power, where lenders are planning to sell a part of their exposure to the debt-laden energy firm in the current round of negotiations. In September last year, state-run Power Finance Corp (PFC) filed an insolvency plea against Rattan India Power, formerly known as Indiabulls Power, to recover unpaid dues. The company has defaulted on about Rs 20,000 crore of loans. Besides PFC, lenders to Rattan India include State Bank of India, Bank of India, Axis Bank, Bank of Baroda, and IDBI Bank. There are other contenders for the portfolio besides the two private-equity financiers, two finance industry executives aware of the talks told ET. “We are negotiating and hope to see some portion of the debt taken over,” said one of the persons cited above. “This would be big relief to the lenders as … [Read more...] about Goldman Sachs and SSG in talks to buy RattanIndia bad loans
Starbucks has been using it for some time in the US, and is successful. He feels mobile payment solutions using near-field communication (NFC) technology is more secure, as these stores the details in the phone, and is also more popular internationally with likes of Apple and Samsung using it. … [Read more...] about Soon, your smartphone to double up as a debit, credit card
"The Supreme court ruling on telecom players instructing them to pay dues by March 17 will impact the asset quality of banks having decent exposure in the sector. Banks stocks will be under pressure given high inflation and RBI is unlikely to cut rates in the near-term," said Vinod Nair, Head of Research at Geojit Financial Services. … [Read more...] about SC’s stance on AGR a blow to financials, say experts; should you avoid the sector?
“We are committed to security. It will run on https environment -- the same environment in which you do online banking transactions,” Sajith Sivanandan, Managing Director and Business Head, Google Pay and “Next Billion User Initiatives”, India, told reporters here. “The service will be supported by advertisements. We will think of more products to make the service commercially available”. … [Read more...] about Cisco to offer free high-speed public Wi-Fi with Google Station in India