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What is exactly going on at Oyo? Even its partners have no clue

Hoteliers are unable to contact company representatives who were doing business with them.

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Jan 18, 2020, 12.15 PM IST



BlackRock to exit black diamond

“With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector," the world’s largest money manager with $1.8 trillion in assets under management, said in a letter to its clients.

With 3 big exits, 2019 was marque year for Pierre Omidyar in India, says MD Roopa Kudva

The fund started by eBay founder Pierre Omidyar, whic...

Largest equity fund manager loads up on Crompton, PSU stocks; dumps YES Bank

“Public sector stocks have been beaten down irrationally in the ...

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  • The tech-focused fund recorded cash exits from three portfolio firms in December.

    The outstanding debt of the Jaiprakash Associates group company has reduced to less than Rs 6,000 crore, from more than Rs 11,000 crore, following the restructuring. The terms involve an interest write back of about Rs 2,000 crore that will help the company report a net profit this fiscal, people in the know said.

    In the largest of these three transactions, realty developer M3M has repaid Rs 225 crore to the lender after raising funds from the State Bank of India for its residential development project M3M Golf Estate in Gurgaon. The project is spread over 56 acres and includes an executive golf course. Mumbai-based realty developer Mohan Group has also repaid Rs 110 crore to the housing finance company.

    The company hints at realignment of resources as it moves from entry-level phones and televisions. It has faced intense competition from Xiaomi, OnePlus, Vivo, Realme and Oppo in driving sales growth in India, where the Chinese brands continue to dominate the price-sensitive end of the consumer electronics market.

    The lawmakers voted 330 to 231 in favour of the European Union (Withdrawal Agreement) Bill, which implements an exit deal agreed with the EU last year. The legislation now heads to parliament's upper chamber and is expected to become law in the coming weeks.

    Harry and Meghan were missing and eagle-eyed fans took notice.

    Sterling and Wilson Solar Ltd got listed on the BSE and the NSE on August 20, 2019, after promoters belonging to the Shapoorji Pallonji Group made an offer for sale of shares. "The offer for sale of shares resulted in promoters raising Rs 2,850 crore through the IPO," InGovern Research Services said in a report.

    Fraport has also approached the state-run National Investment and Infrastructure Fund (NIIF) to buy its stake. NIIF, along with Gulf sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canada’s PSP Investments last year signed a pact with GMR’s rival GVK Group to invest Rs 7,614 crore in the latter’s airport business.

    In terms of earnings, ITDC is too costly a stock but enjoys premium valuation partly due to a very small floating stock, in my view. Hence, exit if it moves 10% or so beyond your cost price.

    The Fed will continue pumping tens of billions a day into the repo market through at least the end of January.

    In the past fortnight, NTPC Dadri power plant has been co-firing close to 70-80 tons of agro-residue fuel along with coal. The power plant till date has received almost 2400 tonnes of non-torrefied biomass pellets from a large number of suppliers in Haryana, Punjab, Madhya Pradesh and Rajasthan. NTPC is in the process of procuring around 20,000 tonnes per day stubble.

    Niko had invoked arbitration after Reliance and BP asked the Canadian oil and natural gas company to exit the KGD6 block as it had defaulted on cash call. RIL and BP then owned 60% and 30% participating interest respectively in the KGD6 block.

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