Leading rating agency Crisil today reported a 14.7 percent rise in post-tax net for the June quarter at Rs 77.13 crore.
Repo platforms launched by leading bourses for tripartite repurchase of corporate bonds is expected to improve liquidity and investor appetite for these securities, which in turn will boost the corporate debt market, said a report.
India Inc will deliver the highest quarterly revenue growth in three years at 12.8 per cent in the April-June period, but high oil prices will narrow profit margins by 0.20 per cent, a report said.
Banks’ unsecured loan book has grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report.
Average rentals of Grade A retail and commercial properties increased by 10 per cent in the past three years on steady increase in demand, said a report.
Wind power tariff is likely to be sustainable at around Rs 2.9-3 per unit because of reduction in payment and offtake risks, lower capital cost per generated unit, and conducive debt financing.
Automobile companies will increase their capital expenditure by 30 % to Rs 58,000 crore over the next two fiscal years.
Automobile companies will increase their capital expenditure by at least 30% to Rs 58,000 cr over the next 2 fiscal years to meet the rising demand as well as to meet the new regulatory requirements.
India voiced its concern over high international oil prices with oil producers cartel OPEC and nudged it to move to responsible pricing that balances interests of both producers and consumers.
Punjab National Bank said today that it will divest stake in its subsidiary PNB Housing Finance and other entities like BSE, ICRA and Crisil depending on market conditions.