Tag: Coffee Day

Coffee Day Global averted insolvency proceedings by reaching a settlement with IndusInd Bank. The settlement is a win-win for both parties, as IndusInd Bank will get its money back and Coffee Day Global will be able to avoid liquidation.

Indian equity benchmarks hit new milestones on Tuesday, with the Nifty 50 index crossing 20,000 points for the first time and the Sensex reclaiming the 67,000 mark. The gains were broad-based, with all 15 sectors of the Nifty ending in the green. The positive sentiment was driven by a number of factors, including the continued growth of the Indian economy, the rising corporate earnings, and the strong foreign investor inflows.