General Trading Chat

[timepass]

Reading between the lines
"The move to privatise banks also comes ahead of an anticipated surge in bad loan growth at the lenders, which could force the government to inject fresh funds to bail out state-run lenders."

India may begin bank privatisation push by selling stake in four lenders this fiscal

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

So PMO only handling finance ministry portfolio...FM is dummy it seems..

Maybe time to slowly start accumulating BankBees

 

[timepass]

How does this affect the markets ??

Sebi proposes changes in public float norms for companies under insolvency
3 min read . Updated: 19 Aug 2020, 07:47 PM ISTJayshree P. Upadhyay
The Securities and Exchange Board of India (Sebi) in a discussion paper issued on Wednesday proposed three options for such companies to increase public float at quicker timelines
https://www.livemint.com/news/india...ompanies-under-insolvency-11597840600149.html

 

[timepass]

....... and chhota bhai shedding tears in SC

Will go into liquidation if spectrum sale not allowed, RCom lenders tell SC
2 min read . Updated: 19 Aug 2020, 05:47 PM ISTIshita Guha, Prathma Sharma

• State Bank of India had last week said removing spectrum from a telco’s assets for insolvency resolution process may threaten a company to not continue as a going concern

https://www.livemint.com/news/india...owed-rcom-lenders-tell-sc-11597838922557.html

 

[timepass]

Which are the listed restaurants ? Kamat Hotels, ?? Kwality ??

Around 40% of restaurants may shut down permanently: Zomato report
https://www.business-standard.com/a...permanently-zomato-report-120081901541_1.html

 

[timepass]

Goodness !! Looks like the metals are really shining bright

 

[timepass]

Unnoticed, GBPINR has been climbing higher.

Is this what is driving TaMo ? Or is there a relation with the dollar index.

 

[siddhant4u]

Unnoticed, GBPINR has been climbing higher.

View attachment 43875

Is this what is driving TaMo ? Or is there a relation with the dollar index.

JRL reported 500 million $ losses this quarter.. may be Tata's sending money from India to UK is driving GBP higher...

 

[Dr. Jan Itor]

"We are extremely worried that almost entire AGR dues will be wiped out in the IBC process. And after sale of spectrum, the new user will have extinguished any pending demand against the spectrum in question. Spectrum trading is different from sale of spectrum in IBC. Without paying for the horse, telecom companies taking a ride. Unless dues are paid, nobody can start using the spectrum. Can a liability like AGR be wound up in this fashion, under the guise of selling spectrum under IBC? " SC

So, no IBC then?

 

[timepass]

"We are extremely worried that almost entire AGR dues will be wiped out in the IBC process. And after sale of spectrum, the new user will have extinguished any pending demand against the spectrum in question. Spectrum trading is different from sale of spectrum in IBC. Without paying for the horse, telecom companies taking a ride. Unless dues are paid, nobody can start using the spectrum. Can a liability like AGR be wound up in this fashion, under the guise of selling spectrum under IBC? " SC

So, no IBC then?

AGR Hearing LIVE: SC says AGR dues will be wiped out in IBC process; unless dues paid, nobody can use spectrum
https://www.financialexpress.com/in...-dues-spectrum-sale-insolvent-telcos/2060618/

IBC = Insolvency and Bankruptcy code (I had to google for it )
https://bfsi.economictimes.indiatim...olvency-and-bankruptcy-code-ibc-2016/74235436

 

[Dr. Jan Itor]

MPC Minutes show a hamstrung RBI’s frustrations with inflation
Minutes of the latest MPC meeting showed that the recent rise in retail inflation had vexed members

https://www.livemint.com/market/mar...ustrations-with-inflation-11597931491290.html