“The rating actions when seen in conjunction with the volume of debt upgraded or downgraded, suggest that systemic credit quality is still under strain,” the agency said in its half-yearly report summarising rating actions.
Posts tagged MC
Systemic credit quality still strained: Icra (20-10-2015)
Maruti’s royalty payouts to Suzuki extortive: Report (20-10-2015)
Over the past 15 years, royalty paid to Suzuki, has grown 6.6x to Rs 21,415 per car sold, while average sales realisation per car has increased only 1.6x.
No further buys in Shriram Transport Fin by FPI and FII (20-10-2015)
FIIs held 54.18 percent stake in the company as of quarter ended September 2015
Inox Wind gets shareholders’ nod to raise Rs150 cr via NCDs (20-10-2015)
The shareholders approved the special resolution at its annual general meeting held on September 19, to issue non-convertible debenture of Rs 150 crore in one or more tranches during one year period, Inox Wind Ltd said in a BSE filing.
Trai call drop norms to hurt telcos earnings by 5%: BofA-ML (20-10-2015)
Telecom operators have cried foul saying the new rules can cost them nearly Rs 150 crore a day.
Indian IT firms to step up acquisition to boost growth: SP (20-10-2015)
The high cash levels and low debt at Indian IT companies should help them seek opportunities to acquire larger companies than they have in the past, it said.
Gems, jewellery sector hit by sluggish Chinese demand:GJEPC (20-10-2015)
Overall exports from the gem and jewellery sector in India during the first six months of fiscal 2015-16 stood at USD 19.22 billion, a decline of 5.59 percent over the USD 20.3 billion exported in the same period last year.
Hero Moto Q2 profit up 1% despite weak revenue, EBITDA aids (20-10-2015)
Revenue declined 1 percent to Rs 6,837.09 crore in quarter ended September 2015 compared to Rs 6,915.3 crore in same quarter previous fiscal.
Idea Q2 net seen down 12.5%; revenue volume may decline (20-10-2015)
Revenue may slip 0.7 percent at Rs 8735 crore in Q2 against Rs 8798.3 crore in quarter-ago period. During the period, EBITDA may come in at Rs 3095 crore compared to Rs 3228.4 crore quarter-on-quarter. Margins may 130 basis points on a quarterly basis.
HDFC Bank Q2 profit, NII, loan book may increase 20% (20-10-2015)
According to average of estimates of analysts polled by CNBC-TV18, profit is seen rising to Rs 2,875 crore from Rs 2,381.5 crore and net interest income may increase to Rs 6,598 crore from Rs 5,511 crore.