Issue of 31st May-6th Jun 2019
LEAD ARTICLE
financial magazines online
DHFL’s Imminent Default - III: Are Regulators and the Market Prepared?
Given the life-threatening scenario I have described about Dewan Housing and Finance Ltd (DHFL) here and here, DHFL is forced to take steps to remain solvent. However, these steps are likely to severely impair its operations and profitability as reflected below.   STEPS TAKEN   1. Stopped Disbursements  The... Read More
Abhinandan
CROSSHAIRS
Over the past two days, a second letter by an anonymous whistle-blower addressed to Shaktikanta Das, governor of the Reserve Bank of India (RBI) has been doing the rounds of whatsApp groups interested in corporate goings-on.    The letter is dated 22 May 2018 and refers to an earlier...
Bankers, who are fighting to withdraw the bankruptcy petition they filed against Sterling Biotech, seem to have received the money from abroad, from the absconding promoters who are wilful defaulters and are facing multiple investigations and criminal charges by the CBI (Central Bureau of...
MUTUAL FUNDS
ICICI Prudential Mutual Fund has launched an open-ended equity scheme investing in stocks of multinational companies (MNCs). The new scheme offer started on 28 May 2019 and will end on 11 June 2019. This will be the 69th open-ended scheme from the fund house, and the third in the industry...
Clinton Fernandes
SMART MONEY
The first term of the Modi Sarkar saw the BSE Sensex go from 27,000 to slightly over 39,000. Will the second term deliver more than this? I am sure that is something at the back of everyone’s mind. The index, in the first term, rose by an aggregate of nearly 50%. Of this, combined inflation...
FIXED INCOME
Indiabulls Consumer Finance Limited (IBCFL) plans to raise Rs1,000 crore from the public through an issue of secured redeemable non-convertible debentures (NCDs). Subscriptions to the tranche-2 of the NCDs will commence on 30 May 2019 and end on 21 June 2019, or earlier, at the company’s...
Moneylife Digital Team
MOBILE APPS
BOOK REVIEWS
Millions of lives all over the world have been saved by the innovation of Indian generic pharma companies. With a majority of pills consumed around the globe being manufactured in India, global healthcare depends on Indian pharma manufacturers for its very existence. As a result, India is...
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