Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (01-11-2024)
For Shilchar, management is not concerned about CRGO shortage, although voltamp clearly struggled with the shortage. Yes, increased demand always leads to increased topline, although not sure about margins, Shilchar is already sitting on industry leading margins not sure how much they can stretch from here. As soon as they get order they book the RM eliminating RM price fluctuations so increased prices of RM are already factored into order value.
US stocks open higher boosted by Amazon’s strong earnings (01-11-2024)
Stock indexes opened higher on Friday, as Amazon’s strong earnings mitigated Apple’s weaker China sales and investors weighed a sharp reduction in U.S. jobs growth in October.
Why Cooling Inflation Hasn’t Eased Sticker Shock (01-11-2024)
The term refers to what we have internalized as the fair price for a product or service. It’s often out of sync with what things now actually cost.
Maruti, Hyundai report muted sales in October (01-11-2024)
Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up.