Clipped from: https://www.business-standard.com/article/automobile/moody-s-upgrades-outlook-on-tata-motors-to-stable-on-sustained-recovery-121051400805_1.html Recovery is from the trough hit Q1 of FY21, is expected to sustain over next 12-18 months, while the firm’s credit metrics strengthen
Month: May 2021
GoAir banks on low-cost structure, promoter backing for successful IPO | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/goair-banks-on-low-cost-structure-promoter-backing-for-successful-ipo-121051401238_1.html The company has filed DRHP to raise Rs 3,600 crore Strong confidence in the revival of Indian aviation market after the pandemic, a
CEAT, Pricol: Auto ancillary stocks look set to rally further, charts show | Business Standard News
lipped from: https://www.business-standard.com/article/markets/ceat-pricol-auto-ancillary-stocks-look-set-to-rally-further-charts-show-121051400370_1.html With a “Higher High, Higher low” formation, the stock of Pricol has gradually risen to higher levels recently. On the ground, however, automobile
Banks make a beeline at Covid vaccine makers’ doorstep to offer loans | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/covid-banks-make-a-beeline-at-vaccine-maker-s-doorstep-to-offer-loans-121051400644_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Amid feeble credit offtake due to local lockdowns this year, lenders sanction Rs 6,000-crore line of credit to SII Commercial banks are rushing to coronavirus vaccine manufacturers
Govt not present as India faces ‘greatest challenge’ in Covid-19: Rajan | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/covid-probably-india-s-greatest-challenge-since-independence-rajan-121051501036_1.html ‘Pandemic has shown that we are all connected,’ says economist and former RBI governor at a virtual event. Covid-19 is probably India’s greatest
Liquidity Crunch: New mechanism in the works to aid exporters – The Financial Express
Clipped from: https://www.financialexpress.com/economy/liquidity-crunch-new-mechanism-in-the-works-to-aid-exporters/2251629/ Given paucity of funds with govt, exporters to borrow at repo rate against MEIS entitlement As per the mechanism being explored, the government
Feel-good books to read when feeling stressed or bored – The Financial Express
Clipped from: https://www.financialexpress.com/lifestyle/feel-good-books-to-read-when-feeling-stressed-or-bored/2252496/ Here, we bring to you a few feel-good books which you can read if you are feeling stressed, bogged down or just plain
Covid to act as speed-breaker, but won’t derail economy, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/covid-to-act-as-speed-breaker-but-won-t-derail-economy-say-experts-121051401215_1.html Some improvement likely when enough people are vaccinated in the later part of the year The pandemic and ensuing lockdowns would push up
Insurers see huge spike in Covid-19 claims as second wave sweeps India | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/insurers-see-huge-spike-in-covid-19-claims-as-second-wave-sweeps-india-121051500041_1.html In absolute numbers, over 83 per cent of claims have been settled, while in value terms, just 51.38 per cent of claims have
Reserve Bank of India leaves 10-year bond unsold in auction, rejects bids | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/reserve-bank-of-india-leaves-10-year-bond-unsold-in-auction-rejects-bid-121051401367_1.html The rejection of the bids brought down yields by 2 basis points and the 10-year bond closed at below 6 per cent again,
Sebi’s relaxed norms likely to give private equity firms faster exits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sebi-s-relaxed-norms-likely-to-give-private-equity-firms-faster-exits-121051401494_1.html Sebi also plans to replace the “promoter” concept to “person in control” So far, since PE funds have limited lives and long lock-in
SBI eyes over Rs 10K-crore credit pipeline for health infrastructure | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/sbi-eyes-over-rs-10k-crore-credit-pipeline-for-health-infrastructure-121051500044_1.html Ashwani Bhatia, managing director, SBI, said the bank had held discussions with firms that needed funds for building hospital infrastructure The Reserve Bank
With rural areas impacted by Covid, MFIs face drop in collections – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/with-rural-areas-impacted-by-covid-mfis-face-drop-in-collections/article34555354.ece With rural areas also impacted by the second wave of the Covid-19 pandemic, microfinance institutions (MFI) have been witnessing a drop in collections
Loan restructuring: FIDC seeks clarity from RBI on relief measures – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-restructuring-fidc-seeks-clarity-from-rbi-on-relief-measures/article34559946.ece Seeks moratorium up to an additional three years The Finance Industry Development Council (FIDC) has written to Reserve Bank of India Governor Shaktikanta
Let promoter clause remain for better accountability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/let-promoter-clause-remain-for-better-accountability/article34560086.ece Difficult to unearth Sahara-like scams if disclosures are curtailed in DRHP The market regulator Securities and Exchange Board of India last week came
Banks go after promoter trusts of firms having stressed loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banks-go-after-promoter-trusts-of-firms-having-stressed-loans/articleshow/82641931.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and
Banks, RBI favour further cutback in small savings rates – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-rbi-favour-further-cutback-in-small-savings-rates/articleshow/82646853.cms Synopsis–The central bank has been struggling to keep bond yields from spiking in a year that will witness record government borrowing, with North
Accept and regulate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/accept-and-regulate/article34559933.ece The Centre needs to quickly finalise its policy on cryptocurrency trading The delay by the Centre in formulating a policy regarding trading and
Second Covid wave to hit banks’ growth harder than asset quality: Analysts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/second-covid-wave-to-hit-banks-growth-harder-than-asset-quality-analysts/2252201/ “February and March were our best ever months in LAP, too. This has traditionally been an area where we have done well, both
Steel industry faces challenges to pursue growth with stability – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-industry-faces-challenges-to-pursue-growth-with-stability/2252198/ Manufacturing for full FY21 grows by (-) 9.8% and IIP by (-) 8.6%. This may be compared to second advance estimates for GDP
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