The declining profitability of its automotive business, mainly because of the weak performance of its Korea-based subsidiary Ssangyong Motor and the limited geographic diversification of the group’s non-IT businesses constrain the ratings.
Posts tagged MC
Moody’s assigns lowest investment grade rating to MM (08-10-2015)
Bombay HC rules in favour of Vodafone in Rs 8500cr tax case (08-10-2015)
The Bombay High Court today ruled in favour of British telecoms firm Vodafone in the contentious Rs 8,500 crore transfer pricing case.
German exports plunge at fastest pace since crisis (08-10-2015)
Imports tumbled by 3.1 percent to 78.2 billion euros, the biggest one-month decline since November 2012. Germany’s trade surplus narrowed to 19.6 billion euros.
Sep commercial vehicle sales impress. But can they sustain? (08-10-2015)
According to Angel Broking the MHCV segment growth rose to a robust 64 percent in September.
Shilpi Cable jumps 7% on JV with New Zealand-based company (08-10-2015)
“Shilpi Cable has entered into a joint venture with Eyecom Telecommunications Equipments, headquartered in New Zealand, one of leading RF path technology solution providers globally,” the cable solutions provider said.
Nifty rebound: Bears may still have upper hand in near term (08-10-2015)
While retaining his Sensex fair value target of 28000 by March, Saurabh Mukherjea, CEO of institutional equities at Ambit Capital, cautioned that the index slipping to 22000 is a distinct possibility.
IndusInd Bank Q2 profit, NII growth may be over 26%: Poll (08-10-2015)
Net interest income, the difference between interest earned and interest expended, may grow 29.4 percent to Rs 1,078.22 crore from Rs 833 crore during the same period.
Siyaram Silk may hit Rs 1,221 in next 1 yr: Mayuresh Joshi (08-10-2015)
Mayuresh Joshi, Fund Manager (PMS) at Angel Broking is of the view that Siyaram Silk Mills may hit Rs 1,221 in next 12 months.
Sensex, Nifty remain under pressure; RIL, ICICI, Axis drag (08-10-2015)
ITC (-3 percent), Idea Cellular (-2 percent), Reliance Industries (-2 percent) and Axis Bank (-2 percent) were big losers in the Nifty. Other laggards in the index were TCS (-1.2 percent), HDFC (-1 percent), Lupin (-1 percent), Sun Pharma (-1 percent) and MM (-1 percent).
Sensex slips 190 pts, Nifty ends below 8150; ITC, RIL weak (08-10-2015)
ITC (-3 percent), Idea Cellular (-2 percent), Reliance Industries (-2 percent) and Axis Bank (-2 percent) were big losers in the Nifty. Other laggards in the index were TCS (-1.2 percent), HDFC (-1 percent), Lupin (-1 percent), Sun Pharma (-1 percent) and MM (-1 percent).