The two countries have also agreed to conduct investment negotiations in parallel with the goods negotiations to conclude their free trade agreement (FTA) talks.
Trinity also said that none of the extant rules define related-party transactions when it comes to Alternative Investment Funds and that Srei group does not have a board representation since the entity is only an asset manager.
Here are the top stocks to track in today s session:
Eicher Motors: Motorcycle maker Royal Enfield, part of Eicher Motors, said its total sales increased 13 per cent YoY to 43,048 units in June.
Hero MotoCorp: The two-wheeler maker recorded 3.8 per cent YoY growth in its total sales at 4,69,160 units in June 2021, as against 4,51,983 units in June 2020.
Vodafone Idea: The telecom major has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022, suggest reports.
Bank stocks: Stocks of lenders are likely to be in focus after RBI s Financial Stability Report said the gross non-performing assets (GNPAs) ratio of banks may rise to 9.8 per cent by March 2022, under a baseline scenario, from 7.48 per cent in March 2021. It, however, added that banks have sufficient capital, both at the aggregate and individual level, even under stress.
Axis Bank says report alleging Rs 44,000 crore exposure to SREI Group grossly inaccurate
Axis Bank said that its outstanding exposure to Srei group is Rs 800 crore as opposed to Rs 44,000 crore alleged by web portal Scams Breaking. December 16, 2020 / 12:53 PM IST
Axis Bank on December 15 said that it followed underwriting practices and approval processes while extending loans to Srei Equipment Finance Ltd and Srei Infra Finance Ltd. In a notice to the stock exchanges, the bank said that its outstanding exposure to Srei group is Rs 800 crore as opposed to Rs 44,000 crore alleged by web portal Scams Breaking. The bank has complied with its underwriting practices and approval processes for any exposure taken in relation to SREI Equipment Finance Limited and SREI Infra Finance Limited. Axis Trustee Services Ltd acts in its fiduciary capacity as a trustee and/or custodian and charges registered by it is not a reflection of the exposure of Axis Bank Ltd, it said.