Turbulence for NBFCs is far from over
India Ratings maintains a ‘negative’ outlook on the NBFC sector for FY21 in view of slower balance sheet growth, elevated slippages, and low-profit visibility.
stock markets
January 2020
December 2019
November 2019
October 2019
August 2019
July 2019
May 2019
Maruti Suzuki’s Q3 profit rises 5%
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
ICICI Bank Q3 net surges to ₹4,146 crore
India’s top private sector lender reported a 158% year-on-year increase in profits, aided by a one-time gain from the Essar Steel resolution.
YES Bank shares tumble after Moody’s downgrade
Trouble hit the private lender once again after ratings agency Moody’s cut the bank’s credit rating and assigned a negative outlook to the company. YES Bank shares dived 10% on the BSE on Friday .
Maruti Suzuki to recall over 60,000 cars
The carmaker said it will inspect the vehicles for a possible issue with the motor generator unit.
98-year-old CSB Bank’s ride to D-Street
The Kerala-based lender’s ₹410-crore IPO opened for subscription on Friday; analysts are betting on a new promoter and strong management for a turnaround from the bank’s dismal performance.
‘Foreign investors more positive on India now’
Mark Matthews, head of research (Asia) at Julius Baer, says there are no signs of a pickup in the Indian economy yet, but a ‘trickle through’ is likely in a quarter or so.
M&M’s PAT falls 26% in June quarter
The company’s PAT fell to ₹918 crore from ₹1,238 crore a year ago due to falling sales and low margins, but including exceptional gains, the figure stands at ₹2,260 crore.
A capital idea
Sashank Rishyasringa and Gaurav Hinduja were given many reasons why Capital Float would not work. Naysayers said the market was not ready and they lacked experience. The duo has proven them wrong.
Heroes of the bourses: The Top 100 Wealth Creators
Editor’s letter from the June 2019 issue.
