General Trading Chat

[timepass]

Not achche din for the financers.

Warren Buffett’s Berkshire Hathaway cuts stake in Goldman Sachs, JP Morgan & Chase
https://www.moneycontrol.com/news/b...in-goldman-sachs-jp-morgan-chase-5276041.html

 

[Raj232]

India Plans to Suspend New Bankruptcy Filings for a Year

(Bloomberg) -- India won’t allow most companies to be tipped into bankruptcy for a year as authorities try to contain the economic fallout of the coronavirus outbreak. Finance Minister Nirmala Sitharaman announced the plan Sunday as part of her speech to revive economic activity. Also, the minimum threshold to initiate insolvency proceedings have been raised to 10 million rupees ($132,000) from 100,000 rupees previously, and will largely insulate small businesses, she said. The move risks delaying the clean up of the world’s worst stressed-loan ratio as creditors will be forced into lengthy debt resolution negotiations outside the bankruptcy framework. It may also slow fresh credit that’s vital to reverse the course of an economy set for a rare contraction as the pandemic stalls
economic activity at jewelers to developers. The measures will help small business who were “reaching a stage of bankruptcy,” Sitharaman told reporters in New Delhi. “All this had been kept in mind when we are addressing the issues.”

Sitharaman, in her fifth briefing in as many days on measures to support the economy, listed a package totaling about 21 trillion rupees ($277 billion) to help businesses and individuals get back on their feet following a nationwide lockdown to contain Covid-19.

Read more at: https://www.bloombergquint.com/business/india-plans-to-suspend-new-bankruptcy-filings-for-a-year
Copyright © BloombergQuint

 

[Dr. Jan Itor]

Disinvestment plans unveiled... again...

 

[timepass]

At least some people are getting some good news :

Asian Paints Is Raising Salaries Of Employees To Boost Morale! Rs 40 Cr Gifted To Dealers
https://trak.in/tags/business/2020/...s-to-boost-morale-rs-40-cr-gifted-to-dealers/

 

[timepass]

....and Reliance gets another bump up tomorrow

General Atlantic to invest ₹6,600 crore for 1.34% stake in Jio Platforms
3 min read . Updated: 17 May 2020, 05:16 PM ISTEdited By J. Jagannath

• This is the fourth big investment by a global giant in Jio in less than four weeks
• The new investment into Jio Platforms will add to the $8 bn deal run that RIL chairman Mukesh Ambani has sealed in recent weeks

https://www.livemint.com/companies/...34-stake-in-jio-platforms-11589715364534.html

 

[Raj232]

My prediction as per statistical analysis and forecasting is that :
India's position will be either 7 or 8 on World chart by 31-May-2020 EOD.

The data for record is below: Let's see how it plays out :

The rank as on 31-May-2020 estimated look is below:

Karnataka lockdown extension is only till May 19th .. extension by 2 more days !!!

 

[timepass]

The data for record is below: Let's see how it plays out :
View attachment 42584
The rank as on 31-May-2020 estimated look is below:
View attachment 42585

Karnataka lockdown extension is only till May 19th .. extension by 2 more days !!!

Karnataka has allowed hair cutting salons and restaurants too, right ?

 

[Raj232]

Karnataka has allowed hair cutting salons and restaurants too, right ?

Not yet, I passed the local barber shop, but he was not open for the public, however, he was cleaning his shop, probably getting ready for opening whenever possible !! Not sure if Govt. Has passed any notification regarding this yet !!

 

[siddhant4u]

....and Reliance gets another bump up tomorrow

General Atlantic to invest ₹6,600 crore for 1.34% stake in Jio Platforms
3 min read . Updated: 17 May 2020, 05:16 PM ISTEdited By J. Jagannath

• This is the fourth big investment by a global giant in Jio in less than four weeks
• The new investment into Jio Platforms will add to the $8 bn deal run that RIL chairman Mukesh Ambani has sealed in recent weeks

https://www.livemint.com/companies/...34-stake-in-jio-platforms-11589715364534.html

Could JIo be first Indian company getting listed on foreign exchange without listing in India as allowed today by FM?

 

[travi]

Could JIo be first Indian company getting listed on foreign exchange without listing in India as allowed today by FM?

Then they better go put loads of towers and services in the country they intend to get listed
And pray, and generate more revenue.

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