RBI Sees Bad Loans Rising, Asks Banks to Boost Capital Buffers
o Indian Banks’ Bad-Loan Ratio Seen Rising to 8.1% by Sept.
• Indian Startup Jupiter Gets $86m in Series C at $711m Valuation
• Multiplex Operators Fall as Cinemas in India’s Delhi Closed
• Keppel Buys 49% Stake in Puravankara Office Project for S$21.1m
• Global Funds Sell Net INR9.75b of India Stocks on Wednesday: NSE
o Domestic funds buy net 10.1 billion rupees of stocks
• Foreign Investors Buy Net INR16.3B of India Equities on Dec. 28
• Foreigners Buy Net INR43.9b Indian Eq
• FM to hold pre-Budget consultations with state finance ministers Thursday: PTI
• Niti Aayog to hold national-level workshop on bamboo development on Thursday: PTI
• Rise in active COVID cases in Maharashtra alarming: Health Minister: PTI
• India 3Q BoP Current Account Balance, est. -$10.90b, prior $6.50b
• RBI to Conduct INR2t, 4-day variable rate reverse repo auction
• Indian Hotels (IH): Says ELEL Hotels becomes its unit on acquisition of 14.28% remaining stake
• PVR (PVRL): Says raises ticket price of mainstream seats up to INR250 & recliner seats up to INR 300 excluding GST in Telangana state
• Sharika Enterprises (SHARIKA): Wins INR17.4m order for Smart City Project from Power Grid Corp. (PWGR)
• SpiceJet (SJET): Says its cargo unit and Pifore to develop electric cargo plans
By: via @AlliesFin Serve Stock Market
