One of Sweden's biggest commercial landlords, SBB has selectively defaulted on some of its debt, rating agency Standard & Poor's said on Wednesday, the latest setback to the embattled group. The property group, which has been scrambling to cut its debt mountain, recently repaid some bondholders a fraction of what they were owed in a tender offer.
Open FlipExpert view: Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company expects FY25 to be driven by sustained corporate earnings growth, policy continuity and a favourable geopolitical landscape and any disappointment on these fronts may have negative ramifications on the market. He said equity markets are pricing in a perfect US soft landing.
Open FlipThe Nifty 50 extended northward journey for yet another session, especially after surpassing falling resistance trendline in previous session, and finally closed the monthly F&O expiry day with nearly a percent gains on March 28. Considering the momentum, the index may surpass its previous record high of 22,526 in coming days, provided it holds 22,200-22,300 levels in the new series.
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