Sun, Sep 6, 2020 11:19 PM
More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers
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Lohia Global having presence in sectors like exports, energy, manufacturing, and automobiles, is venturing into the real estate sectors under its entity Lohia Developers. The company expects its real estate business to reach Rs 4,000 crore revenue by 2030 and constitute a significant portion of the group's revenue. The company plans to invest Rs 1,000 crore in five residential projects.
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Silver price has seen strong gains in the last two months, jumping over 16 percent, maintaining its position above the ₹80,000 per kg mark in the spot market. Silver prices were around ₹69,000-odd levels in the last week of February; they are trading near the ₹81,000-odd levels now. The recent rise in silver prices could be attributed to various factors.
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The Nifty Bank snapped a five-day winning streak on Friday to close in the red tracking muted global cues. “Any trend reversal is only expected if Nifty Bank breaches below 47,600 which is this week’s low. Overall, trend remains positive as Nifty Bank is above its 5 and 21-day moving average on a daily basis,” Bhavik Patel- Senior Research Analyst, Tradebulls Securities, said.
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