Tue, Feb 20, 2024 8:55 PM
PFC inks MoU with Goa govt to fund climate projects
A Flip by Shubhangi Gupta
Lending to the country's booming aviation sector over the 12 months to end-November 2024 dropped significantly when compared to the same period a year earlier as domestic airlines have slowed on hiring and have not placed a significantly large order for new planes. According to RBI data, total outstanding dues to the Indian aviation sector rose to Rs 46,446 crore as of November 29, 2024.
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Reliance Industries will declare its December quarter results on January 16, with analysts expecting a recovery cycle in 2025 driven by telecom and retail growth, and rebounding refining margins, making its currently low valuations an attractive risk-reward opportunity. Bernstein said that Reliance Industries' valuations are at a three-year low and that makes risk-reward attractive for the stock.
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Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68% to finish at 77,620.21.
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