By Jigar S Patel, senior manager - equity research at Anand Rathi. Throughout the week ending May 10, bearish sentiment prevailed as key market indices faced significant downward pressure across most sessions. Despite attempts to surpass the 22,600 mark, the Nifty spot index faltered and slipped below 22,000 levels. Though it didn't maintain these lower levels, the pressure remained palpable.
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Senior officials of India and the 10-nation bloc of Southeast Asian nations – ASEAN – will hold the next round of talks in July to review the existing free trade agreement in Jakarta, Indonesia, an official statement said on Sunday.The last round of the three-day negotiations concluded on May 9 in Putrajaya, Malaysia.The discussions for review of AITIGA (Asean-India Trade in Goods Agreement).
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Shapoorji Pallonji group has sought an extension of repayment terms for Rs 14,300 crore of debt raised in June last year, by SP Group entity Goswami Infratech through rupee-denominated zero-coupon non-convertible debentures (NCDs), according to documents seen by Moneycontrol.These funds were raised from a group of investors, including Cerberus Capital, Varde Partners, Canyon Capital.
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