Mark To Market Green signal for Indian Bizz and Economy!!

OYO inks distribution partnership with Hotelbeds

The deal will provide OYO access to more than 60,000 travel buying intermediaries around the world
Hotelbeds' clients will have access to OYO's portfolio of over 18,000 franchised and leased hotels and over 10,000 homes and villas across 10 countries

Lakshmi Vilas Bank to allot near 5% shares to Indiabulls Housing Finance

The board of LVB has approved the merger with IBHL in which shareholders of the bank will get 14 shares of IBHL for every 100 shares they hold

India's exports grew by 11 per cent to USD 32.55 billion in March.

Imports rose by 1.44 per cent to USD 43.44 billion during the month. However, trade deficit narrows to USD 10.89 billion as compared to USD 13.51 billion in the same month last year.

WPI inflation rises to 3.18% in March on costlier food & fuel

Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel.
The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018.

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Textile Sector In India:- An Overview (Part-1)

Facts India’s textile industry contributed seven percent of the industry output (in value terms) in FY19. It contributed two percent to the GDP of India and employed more than 45 million people in FY19. The sector contributed 15 percent to India’s export earnings in FY19. The Indian government has come up with a number of export promotion policies for the textile sector. It has also allowed 100 percent FDI in the sector under the automatic route. The textiles and apparel industry can be broadly divided into two segments - yarn and fiber and processed fabrics and apparel. Growth in demand is expected to continue at 12 percent CAGR to reach US$ 220 billion by 2025. India is the world's second-largest exporter of textiles and clothing. Increased penetration of organized retail, favorable demographics, and rising income levels is likely to drive demand for textiles. Post COVID-19 Scenario Due to the pandemic, businesses and supply chains are witnessing a drastic shift from tradition

Mark to Market " Banking Sector at Mess"

Market transactions by staff routine activity say RBL Bank as stock tanks 12% The total employee holding in the bank stood at around 3.46 crore shares as on 23 August, with over 25% of employees holding shares The bank's management had indicated possible corporate slippages to the tune of ₹1,000 crore in the coming quarters, during its Q1 results commentary A ‘priority sector’ problem brewing for YES Bank? The lender is said to have an exposure of about Rs 500 crore on account of loans to CCD. Most banks with exposure to the group said a significant portion of the debt was paid after Siddhartha sold his stake in IT services firm Mindtree for Rs 3,200 crore. But it’s not known how many banks individually loaned the company. Sources in the know said the loans were backed by the plantations and real estate.

Mark To Market: Defaults!!

DHFL defaults on Rs 1,571 crore bond payments The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore. DHFL has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers The non-banking financial company (NBFC) has defaulted on Rs 46.92 crore towards interest amount on secured NCDs (9.92 percent and 9.40 per cent/10 year tenor); on NCDs issued through a public issue for multiple tenors of amount involving the interest of Rs 363.77 crore and the principal amount of Rs 1,059.91 crore. CG Power ’s disclosure of accounting lapses is the latest in a series of governance and accounting scandals that have hit India Inc. over the past year, increasing scrutiny over not just the promoters of the companies but also independent directors, auditors, and regulators.

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