Posts tagged All News
Holiday mood in cotton market (04-09-2015)
Holiday mood in cotton market (04-09-2015)
Byke hospitality – Truly asset light? (04-09-2015)
The company has announced the opening of 'The Byke - Suraj Plaza" (Thane). Here is the link to the announcement. The hotel will become operational from 5th September.
Thane is not a touristy location, so this hotel must be directed towards business travelers or for occasions such as conferences, receptions, weddings etc.
No change in SP’s stand as Lalu, Sharad reach out to Mulayam (04-09-2015)
Byke hospitality – Truly asset light? (04-09-2015)
Any insights on the rating suspension issue?
When a company hires a rating agency to issue a debt rating, they agree upon the facilities that the company wants to get rated and the time period for which the rating agency should monitor these ratings. Payment happens at the start of the rating activity and also in installments over the lifetime of the contract. When a company does not see value in getting the rating reviewed on a periodic basis, it gets the rating suspended to avoid paying the rating maintenance fees.
Its alright if the rating was suspended because of commercial reasons. Don't understand if it was the same in Byke's case. If not there could be some financial irregularities which the company did not want to disclose.
Disclosure: Haven't invested, awaiting more clarity on the rating suspension.
Trai seeks stakeholders’ views on call-drop compensation (04-09-2015)
SRG Housing Finance – A fast growing NBFC (04-09-2015)
@madhug Allow me couple of more days to get back. Have been caught up with somethings at work.