Wednesday, November 3, 2021

Recoveries under IBC only one-third of claims, process needs stronger push: Crisil Ratings

Recoveries under IBC only one-third of claims, process needs stronger push: Crisil Ratings A closer look at the data shows, however, the recovery rate and resolution timelines have a lot more room for improvement. This makes a continuous strengthening of the code and stabilisation of the overall ecosystem imperative, the agency said.

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...