Gold Silver Reports (GSR) – Fortis Healthcare Ltd. will demerge its hospitals business into TPG-backed Manipal Hospitals and divest management control of its diagnostics business to the same entity in a two-step deal.
Money Market
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Indian Equity Benchmarks, Bonds and Rupee
Indian equity benchmarks, bonds and rupee rose after the government decided to cut its first half market borrowing to 48 percent of its annual borrowing plan.
The S&P BSE Sensex rose 0.4 percent or 130 points to 33,196 and the NSE nifty 50 index advanced 0.4 percent or 45 points to 10,175.
Bond Yields Drop As Government Lowers Borrowing Target
Bond Yields Drop As Government Lowers Borrowing Target — Yield on 10-year sovereign government bond fell sharply to 7.356 percent against yesterday’s close of 7.623 percent after …
Solid Gold Casts of Nelson Mandela’s Hands Sell for $10 Million in Bitcoin
It’s one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela’s hand. The final price? Ten million dollars — in bitcoin.
India Considers Joint Venture Between Largest Power Producer, Financiers To Buy Stressed Plants
Gold Silver Reports (GSR) – India is considering a proposal for a joint venture between the nation’s biggest electricity producer and two state-run power financiers to bid for stressed power assets, one of the largest contributors to the nation’s bad loans.
Top Bond Buyers Vanish Before Modi’s Near-Record Debt Sales
Gold Silver Reports (GSR) – Indian government’s near-record bond sales begin in two weeks. The lingering question is who’s going to buy the securities. While the seven-month selloff in sovereign notes has spurred state-run lenders — the biggest holders — to stay away, global funds too have soured on rupee debt. With scant signs of buying support from any direction, traders are worried about the fate of the 6.06- trillion rupee ($93 billion) borrowing for the year starting April 1.
Stocks Moving On Heavy Volumes
Stocks Moving On Heavy Volumes ✅ Gulf Oil Lubricants: The lubricating oil and grease maker fell 0.3 percent to Rs 900. Trading volume was 13.9 times its …