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Stocks to Watch: Infosys, Wipro, Bajaj Auto, M&M, DHFL

Stocks to Watch: Infosys, Wipro, Bajaj Auto, M&M, DHFL India s benchmark indexes ended nearly 1% higher with BSE Sensex closing at 46,006.69, up 452.73 pts. The Nifty settled at 13,466.30, up 137.90 pts. (Photo: Mint) 2 min read Share Via Read Full Story NEW DELHI: Following is the list of top 10 stocks that could be in news on Wednesday: Infosys: German automotive major Daimler AG and Infosys Ltd has entered a long-term strategic partnership for a technology-driven IT infrastructure transformation. Infosys didn t disclose financial details of the deal but it is estimated at over a billion dollars, according to a person. TRENDING STORIESSee All 3 min read

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[Exclusive] Ajay Piramal writes to DHFL Administrator, says perplexed that further clarifications needed

At the onset, Piramal summarized the reasons why the bid by Piramal Capital Housing & Finance Limited (PCHFL) for DHFL is the strongest, in his view. As an Indian entity, our backstop offer to DHFL lenders, in case the standalone sale process does not gain traction, is fully implementable and comfortably within the ambit of current ownership rules on insurance, and the corresponding IRDA guidelines. As it currently stands, the competing foreign financial investor’s resolution plan is unimplementable till such time that a credible, regulatorily acceptable alternate buyer for the insurance business emerges, wrote Piramal, referring to the competing bid by US-based investment firm Oaktree Capital.

Ajay piramalCommittee of creditors coCommittee of creditorsPiramal capital housing finance limitedDepartment of financial servicesDewan housing finance limitedPiramal groupPiramal enterprisesUnion bankShow fauciPhoto creditPiramal group chairman ajayFinancial servicesPiramal capital housingFinance limitedOaktree capital

Fixing the banking mess

ISSUE DATE: December 28, 2020 UPDATED: December 18, 2020 23:40 IST Illustration by Nilanjan Das India’s banking sector is frequently under the spotlight, and usually for unflattering reasons, from an insupportable pileup of loans gone bad (non-performing assets or NPAs in banking parlance) to outright fraud to cronyism or worse. The rot is endemic, has hit banks small and big, including some well-regarded names, and is by no means limited to the public sector. If government-owned banks like Punjab National Bank (PNB) and State Bank of India (SBI) have embarrassed themselves, names like YES Bank and ICICI Bank in the private sector have also made headlines for the wrong reasons. The list of banks of dubious honour is long, including, most recently, Lakshmi Vilas Bank (LV Bank), which the RBI (Reserve Bank of India) had to step in to bail out. The Covid-19 pandemic has aggravated the crisis by another order of magnitude, with the government-mandated moratorium on interest payments

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undefined: Oaktree Capital Management has outbid rivals Piramal and Adani Group to emerge as the hig

undefined: Oaktree Capital Management has outbid rivals Piramal and Adani Group to emerge as the hig
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Adani groupDewan housing finance limitedOaktree capital managementஅதானி குழுதிவான் வீட்டுவசதி நிதி வரையறுக்கப்பட்டவைஓக் மரம் மூலதனம் மேலாண்மை