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“There is a fear that a default by Evergrande could drag down the Chinese banking system. It is unlikely because if a capitalist country like the US managed to save the banking industry and the economy, there is no doubt that China, which is a controlled country, will see the government step in and Evergrande probably either would be nationalised or subsidised.”

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ICICIdirect said any near-term fall would be an opportunity to buy stocks. It said the index has been following a specific rhythm since April 2020 wherein the magnitude of each major rally has been around 33 per cent, containing in between corrective phases of 5-6 per cent.

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For now, many US-based investors believe there is little chance that the woes of Evergande, China’s second-largest property developer, could morph into a systemic crisis reminiscent of the 2008 collapse of Lehman Brothers.

Cryptocurrencies post 5th straight week of inflows

Updated at : 2021-09-21 10:20:01

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Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million. The data showed that inflows were seen across the board.

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Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2020.

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Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 36473.93 Crore) operating in Auto sector.

While BCCL would be putting up close to Rs 370 crore towards the cost of the land, the rest will be met by the CBM developer, selected through a global bidding process. CIL has assigned CMPDI, its Ranchi-based consultancy arm, as the principal implementing agency to oversee the project, the statement said.

Airtel commits to big cut in emissions by 2030-31

Updated at : 2021-09-21 09:20:02

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Bharti Airtel said the targets will be achieved through green energy adoption across its network operations, energy-efficient infrastructure and processes.

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HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2021.

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Although investor expectations are high that tapering will start in 2021, there is still much uncertainty around when the Fed will announce and subsequently reduce bond purchases. The same applies to when it will then hike interest rates for the first time since 2019, before the pandemic led it to slash rates to zero.

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