#NDTVProfit is a multi-platform news network powered by an integrated newsroom.
Follow us on Telegram: https://t.co/I90uWWKvfo
19 subscribers
Apr 16 • 9 tweets • 2 min read
#Thread 🧵
#GensolEngineering Modus Operandi Explained
Here's how round-tripping fooled investors.
A luxury flat in Gurugram, an ultra-expensive golf set, luxury purchases from Titan and large fund transfers to family members...
This is how #Gensol leadership used the funds they raised to invest in company, as per SEBI.
Age of abundant liquidity is coming to a close, says Michael Patra, deputy governor, RBI. Alongside, the #RussiaUkraineConflict is adding to turbulence.
For the latest news & updates visit: bloombergquint.com
Global economy on a weak wicket, edgy and prone to miss-hits, says Michael Patra, deputy governor, RBI.
#UttarPradesh has given India a number of prime ministers, but this is the first instance that a U.P. chief minister serving for full five years has been re-elected, says Prime Minister Narendra Modi.
For the latest news & updates visit: bloombergquint.com
People used to tire out making endless rounds of government offices, even offer money, to get access to basic needs like electricity, water, gas, telephone connectivity, says Prime Minister Modi. #ElectionResults
While the RBI kept the reverse repo rate unchanged, latent monetary policy normalisation could continue, says @HSBC_IN's chief India economist Pranjul Bhandari. #RBIPolicy
Read: bit.ly/31H6360@HSBC_IN Most liquidity will now be absorbed a rate well above the reverse repo rate of 3.35% and closer to the repo rate of 4%, said @DeutscheBank's chief India economist Kaushik Das. #RBIPolicy
Chief of Defence Staff General #BipinRawat, his wife Madhulika Rawat and 11 others on board IAF chopper that crashed earlier today, have died.
Read: bit.ly/3DzN1fh
Defence Minister Rajnath Singh shares condolences on the demise of CDS General #BipinRawat, his wife and 11 others in the IAF chopper crash earlier today.
Institutional holding in Maruti Suzuki has remained steady at around 30%.
The lay investor too has nothing but a positive view.
The long-term chart picture, though, is not really reflecting this overall positive sentiment, finds @CK_Narayan. bit.ly/3DvfMKa@CK_Narayan The monthly chart on Maruti Suzuki, having dropped to 62% of the rise already, suggests that the worst of the price decline is over and hence only the time correction part is left.
While the RBI kept the reverse repo rate unchanged, latent monetary policy normalisation could continue, says @pranjulb, chief India economist at HSBC. #RBIPolicy
Read: bit.ly/31H6360@pranjulb Most liquidity will now be absorbed a rate well above the reverse repo rate of 3.35% and closer to the repo rate of 4%, said @DeutscheBank's chief India economist Kaushik Das. #RBIPolicy