 "news digest")
Biggest gain for markets in 2 years
The equity markets recovered Thursday’s losses with an across-the-board buying on Friday. The benchmark indices posted their biggest single-day gain in over two years as the spurt in the rupee and the drop in global oil prices improved investor sentiment. Despite another sharp cut in US equities overnight, most markets rebounded globally, as a retreat in bond yields and the dollar helped trigger risk-on bets. Read More
IL&FS board orders full audit, cost-cutting
The government-appointed board of directors of Infrastructure Leasing & Financial Services (IL&FS) on Friday ordered a full
The equity markets recovered Thursday’s losses with an across-the-board buying on Friday. The benchmark indices posted their biggest single-day gain in over two years as the spurt in the rupee and the drop in global oil prices improved investor sentiment. Despite another sharp cut in US equities overnight, most markets rebounded globally, as a retreat in bond yields and the dollar helped trigger risk-on bets. Read More
IL&FS board orders full audit, cost-cutting
The government-appointed board of directors of Infrastructure Leasing & Financial Services (IL&FS) on Friday ordered a full
