Stocks in the news: Route Mobile, RITES, Essel Propack, Future Enterprises and Power Grid At the issue price of Rs 350, the stock of Route Mobile commands a valuation of 29 times PE on FY20 basis on a fully diluted basis.
Sebi issues framework for processing AIF registration applications In some applications, the investment committee is mandated to approve the investment decisions of the AIF. Such committees may consist of internal members -- employees, directors or partners of the manager-- and/ or external member.
RBI widely seen holding rates at policy meeting ending Friday The RBI however is expected for the first time since February provide guidance on how the economy is performing amid the coronavirus pandemic and give its outlook on inflation and growth.
Centre ready to waive interest on interest during moratorium In its affidavit, the finance ministry said the government has decided to maintain its tradition of handholding small borrowers and bear the burden arising from such waiver of interest on interest, or compound interest, for the banks.
RBI approves appointment of CoD to run Dhanlaxmi Bank till appointment of CEO The committee of directors (CoD) will be constituted with Iyer as chairman and G Rajagopalan Nair and P K Vijayakumar as its members, RBI said.