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Indian Parag Agrawal Appointed As CTO Of Twitter et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 9, 2018 1:11 PM 1 min read

End of Day Wrap-up (Friday / March 09, 2018) #Tata #PNB #RBI #NiravModi #US #Twitter #CEO #Transfin

Editor's comment: PNB requests RBI to grant flexibility with regard to provisioning for losses from Nirav Modi scam. The public sector bank hopes to spread accounting for provisions over 4 quarters instead of as lumpsum.


Volumes on RBI's government bond trading platform halves with PSBs losing appetite to buy govvies. PSBs staring at mark-to-market losses amounting to $3bn in the March quarter, 3x more than in the quarter before.


Indian Parag Agrawal appointed as CTO of Twitter. Agrawal is a PhD in computer science from Stanford University and is an alumnus of IIT Bombay.


FIIs offload INR12,000cr in February driven by liquidity squeze, capital outflow from emerging markets and concerns around the Indian equity markets post LTCG introduction and PNB scam.


Tata Sons plan to take $1.5bn offshore syndicated loan to reduce cost of debt at Tata Teleservices. First offshore synddicated facility taken by Tata Sons since 2007.


Troubled US Toy Giant Toys "R" Us Inc. prepares to close all of its US stores and abandon efforts to restructuring during its ongoing bankruptcy proceedings.