Nifty, Sensex may recover from today s setback – Monday closing report
Moneylife Digital Team
0
We had mentioned in previous week’s closing report that Nifty, Sensex may continue to rally. On Monday, the indices opened lower and suffer a major correction. On the NSE, there were 624 advances, 1,371 declines and 82 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
YES Bank loans and advances grew by a marginal 0.8 percent on a year-on-year basis to Rs 1,72,850 crore at the end of March 2021. Deposits grew 54.7% at Rs 1.62 lakh crore at end of March 2021 as against Rs 1.05 lakh crore by end of March 2020.
Byju s to acquire Aakash Educational Services in nearly $ 1 billion deal
IANS
0
BYJU S will acquire Aakash Educational Services Limited (AESL) through a strategic merger. The deal size is pegged at close to $1 billion, according to a person familiar with the transaction.
This partnership brings together two of the largest and most-trusted education brands in India - combining Aakash s pedagogy expertise in the test-prep segment with BYJU S content and tech capabilities. After the integration, BYJU S will make further investments to accelerate Aakash s growth.
Amit Dixit, Co-Head of Asia Acquisitions and Head of India Private Equity at Blackstone, said: We invested in AESL because it is one of the leading education brands in India with a professional management team, best-in-class corporate governance and a 33-year track-record of exceptional results. We have always believed omni-channel will be the winning model in test prep and tutoring, and we look forward to being
0
Few countries have escaped a second wave of the Covid-19 pandemic and it is India s turn now, with daily cases crossing the previous peak of September 2020. And this wave is spreading faster than the first, though with a lower fatality ratio, says ratings agency CRISIL.
In a report, it says, Initially concentrated in Maharashtra, new cases are slowly dispersing to other states, which have seen some dip in mobility towards end-March. So far, though, economic impact remains minimal, with localised restrictions.”
The past week (29th March- 4 April 2021), saw daily cases shoot up from 68,000 to over one lakh - a whopping 52% increase. In comparison, cases had risen only 9% in the week India saw similar per day cases (in August) last year.
Alarmed by the huge spike in coronavirus cases, the Pune administration has announced stringent measures, including 6 p.m. - 6 a.m. curfew starting Friday night for a week, top officials said here on Friday.
IL&FS sells stake in Chinese road asset to address Rs2,600 cr debt
IANS
0
In a major step towards resolving its overall debt, IL&FS on Thursday announced completion of its 49 per cent stake sale in Chinese road asset, Chongqing Yuhe Expressway Co Ltd (CYEC), which would help the company to address debt of about Rs 2,600 crore.
It sold the stake to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants.
This is the largest transaction for IL&FS since the sale of its wind energy assets to Orix, IL&FS said in a statement.