Corporate Snippets on July 28
Ø Banks must raise capital proactively: RBI Guv
Ø Govt. to go ahead with PSUs divestment: FM
Ø RBI signs $400 million currency swap pact with Central Bank of Sri Lanka
Ø Corporate India struggles to contain debt levels post Covid-19
Ø Commerce minister Piyush Goyal reveals big reforms Govt. is planning to attract investments
Ø Indian Oil and Total set up a joint venture to manufacture and market bitumen derivatives
Ø India to post current account surplus this fiscal, first since FY04: Report
Ø $6 bn capital raised by PSBs inadequate to safeguard against stress: Fitch
Ø China industrial profits rise 11.5% in June, signal economic recovery
Ø Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative
Ø SEBI extends relaxation in procedural norms for open, buyback offers
Ø JSW Steel ready to close BPSL deal if apex court gives go ahead
Ø Centre announces ₹10,000-cr booster for local drug production
Ø Reliance overtakes Exxon to become world’s No. 2 energy firm
Ø V-Guard Industries registers 93% fall in Q1 net as lockdown bites
Ø Ashok Leyland expands digital solutions for CVs
Ø Bharti Infratel Q1 net profit falls 21% to ₹704 crore
Ø Bitcoin Jumps Above $10,000 for the First Time in Six Weeks
Ø Citi, Edelweiss, SBI Capital, two others in the running for LIC IPO advisor role
Ø Moderna, Pfizer start decisive COVID-19 vaccine trials, eye year-end launches
Ø No decision taken to reintroduce the FRDI Bill: Finance Ministry
Ø SEBI slaps ₹1 cr fine on CARE Ratings in RCom case
Ø Trade, technology at risk in US-China feud
Ø Indian economy to see sharp V-shaped recovery in Q3, Q4: NK Singh
Ø German economic outlook brighter for 3rd month post-shutdown
Ø India Inc’s foreign borrowings slipped 81% to $1.02 billion in June
Ø Need to conclude free trade agreements with US, others: RBI chief
Ø Don't extend loan moratorium, able corporates not paying loans: HDFC's Parekh to RBI
Ø Oil prices fall amid US-China feud, increasing pandemic fears
Ø Gold prices hit all-time high amid US-China spat
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