Elon Musk's tweet about taking Tesla private, led to an investigation by the US' Securities and Exchange Commission (SEC). As a settlement of the case, Musk has agreed to pay a $4o million fine and forfeit his post as chairman of the company.
LIC has received approval to increase its stake in the bank to a maximum of 51 percent to help it stay afloat amid the bad loan crisis it is currently grappling with.|
The Monetary Policy Committee (MPC) will meet during October 3 to 5, 2018 for the Fourth Bi-monthly Monetary Policy Statement for 2018-19. The resolution of the MPC will be placed on the website at 2.30 pm on October 5, 2018. Jose J. Kattoor Press Release: 2018-2019/752 |
LIC has received approval to increase its stake in the bank to a maximum of 51 percent to help it stay afloat amid the bad loan crisis it is currently grappling with.
The Nikkei 225s turnaround this year has been fast and decisive. Its up almost 9% from a recent low on September 7.
The government move was seen as necessary because a liquidity problem at IL&FS was threatening to snowball into a debt crisis which would have wider implications for the markets. A series of defaults by the infrastructure financier had resulted in credit lines being completely cut out.