After Market: DHFL breaks losing streak; RInfra surges 11%; GTPL 20%; 65 stocks now oversold

Source: economictimes.indiatimes.com NEW DELHI: Domestic equity benchmarks Sensex and Nifty logged healthy gains on Thursday, mirroring the trend in most emerging markets, as signals of near-future rate cuts by the US Fed fuelled risk appetite among investors.  Auto, bank, NBFC and metal stocks led the gains while the rupee’s rise […]

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DHFL lenders sign creditor agreement; may take up to 40% haircut under the resolution plan

Source: cnbctv18.com he lenders’ consortium comprising of 31 banks has signed the Inter-Creditor Agreement (ICA) for resolution of Dewan Housing Finance Limited’s (DHFL) liquidity crisis, multiple sources aware of the development told CNBC-TV18. DHFL is a large non-banking financial company (NBFC) with outstanding loans of nearly Rs 50,000 crore to banks. […]

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