DSIJ Mindshare

Post PNB scam, the banking sector has witnessed many consequences impacting the credit flow in the Indian economy. The ministry of Finance received many representations on easing the grip on banks and providing alternatives to LoUs.The PNB scam of Rs. 13,000 crore has forced RBI to tighten the grip on PSU banks and directed to identify similar instances. Further, the banks were also directed not to issue LoU’s and guarantees.

The pharma sector funds have been bleeding for a while now. The category has registered negative return of -6.97 per cent in the last one year and -4.08 per cent in the last one month. Many investors are worried about their returns from the pharma funds and also have doubts about the future of these investments.

Raising objections to a NTPC subsidiary signing a power supply agreement with Bangladesh Power Development Board (BPDB), the Association of Power Producers said that the proposed sale will be a violation of government's policy and also be detrimental to Indian consumers.

Ashiana Housing Limited has entered into an agreement with International Finance Corporation (IFC) which is a part of World Bank Group to co-invest in upcoming affordable and middle-income residential projects which will include senior-living projects.

Tech Mahindra, which forms 12.15 per cent weightage in the Nifty IT index is currently trailing at its multi-year highs. Since July 2017, the stock has seen nearly an uninterrupted rise of almost 74 per cent up to its current 52-week high. Recently, the stock has been trading in a multiple resistance range of 627-635.