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Monetcontrol.com

Thu, 12 Dec 2019 04:00:01 +0530
Real estate developers happy, but homebuyers disappointed over latest IBC amendments
Vandana Ramnani For the real estate sector, the Bill stipulates that insolvency action can be initiated only if 10 percent or 100 homebuyers (whichever is lower) or debenture holders agree to the move. There have been cases where a single homebuyer has approached the National Company Law Tribunal invoking provisions of the Insolvency and Bankruptcy Code, and action has been initiated.
Govt gives nod to NHAI to set up InvIT, monetise national highway projects
Govt gives nod to NHAI to set up InvIT, monetise national highway projects InvITs are instruments on the pattern of mutual funds and are designed to pool small sums of money from a number of investors to invest in assets that give cash flow over a period of time.
McLaren looks to India to expand exotic car sales ahead of 2025 IPO
McLaren looks to India to expand exotic car sales ahead of 2025 IPO Pointing to the uncertainty towards Brexit, Flewitt said demand and sales of its carbon fibre and aluminium sportscars have been falling in UK which is its largest market.
After year of living dangerously, Fed expected to signal time to lie low
After year of living dangerously, Fed expected to signal time to lie low The policy shift has slashed officials#39; forecast for the US central bank#39;s benchmark overnight lending rate over 2020 to a level half what it was when Fed Chairman Jerome Powell took the reins in February 2018.
Maharashtra forms panel to locate alternative land for metro car shed
Maharashtra forms panel to locate alternative land for metro car shed The four-member panel, to be headed by Additional Chief Secretary (Finance), will also probe if due procedure was followed in chopping 2100 trees in the colony in October, said a state government order (GO).
India#39;s fuel demand growth hits 23-month high in November
India#39;s fuel demand growth hits 23-month high in November Although fuel consumption normally reflects industrial activity in India, industry officials linked the annual increase in November to a low base last year, when sales of the fuel plunged during the month due to the late falling of festivals.
Dollar treads water as traders stare at event risk
Dollar treads water as traders stare at event risk The dollar index, which measures the greenback against six other major currencies, was up 0.02% at 97.433.
Insurers can invest in debt ETFs subject to some conditions, says IRDAI
Insurers can invest in debt ETFs subject to some conditions, says IRDAI IRDAI said that debt ETFs with underlying debt securities of Central Public Sector Enterprises (CPSEs) proposed to be launched in India, will be eligible class of investment.
MTNL seeks shareholders#39; nod for fundraising, monetisation of land buildings
MTNL seeks shareholders#39; nod for fundraising, monetisation of land  buildings The company would seek shareholders#39; approval for issue of non-convertible redeemable non-cumulative preference shares (NCRNCPS) on a private placement basis to the government towards payment of 4G spectrum cost.
Bank of India eyes Rs 10,000 cr loan sales in special drive
Bank of India eyes Rs 10,000 cr loan sales in special drive The outreach programme is being conducted in 54 zones, comprising 5,000 branches.
Dow hit by losses in Boeing, Home Depot; SP 500, Nasdaq edge higher
Dow hit by losses in Boeing, Home Depot; SP 500, Nasdaq edge higher Three rate cuts earlier this year, a slightly calmer tone around US-China trade recently and some relief over corporate profits have helped push the SP 500 up 25% so far in 2019.
Cabinet approves Partial Credit Guarantee Scheme to help NBFCs, HFCs with liquidity
Vandana Ramnani Move to provide stimulus to the real estate sector and the economy at large by enhancing credit flow 
Indian banks argue for UK court to declare Vijay Mallya bankrupt
Indian banks argue for UK court to declare Vijay Mallya bankrupt Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya#39;s now-defunct Kingfisher Airlines.
Gold futures rise marginally before Fed#39;s rate decision; retail price down Rs 26 to Rs 37,792 per 10 gram
Gold futures rise marginally before Fed#39;s rate decision; retail price down Rs 26 to Rs 37,792 per 10 gram The precious metal prices were further supported by the ambiguity surrounding the US tariffs on Chinese goods coming into effect from December 15 boosted the demand for safe-haven.
Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20; Rs 10k cr next fiscal
Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20; Rs 10k cr next fiscal The cabinet has also approved increasing the authorised capital of India Infrastructure Finance Company Ltd (IIFCL) from Rs 6,000 crore to Rs 25,000 crore.