Auto has good earnings potential in H2 of FY20 and FY21: Sachin Trivedi, UTI AMC
I am not actually looking for a government stimulus, says Sachin Trivedi of UTI AMC.
Cement earnings may improve in FY20 on lower input costs
It has been continuously falling from the peak of Rs 368 per bag in May 2019.
Credit growth in FY'20 to touch 58-year low: Report
ICRA ratings suggest bank credit is expected to grow at 6.5-7.0% during the current fisca...
BSNL in talks with CBSE for sale of land parcels; eyes Rs 300 cr from asset monetisation in FY20
State-owned Bharat Sanchar Nigam Ltd (BSNL) has initiated discussions with the Central Board of Secondary Education and others for sale of specific land parcels, as it sets the ball rolling on asset monetisation plans.
Tata Starbucks CEO Navin Gurnaney on hot new launches in India, plan for FY20
What are the hot new launches in the kettle for Starbucks India? Navin Gurnaney, CEO, Tata Starbucks tells us how the revenue picture looks ...
Manappuram Finance on track to achieve 10% loan growth in FY20: VP Nandakumar
The Bimaru states are showing better growth because of lower competition amongst organised lenders.
Govt might breach fiscal deficit target in FY20; need for fiscal stimulus rises: Report
"We expect that the drop in the revenue mobilisation of the government and likelihood of additional expenditure by the government might breach the fiscal deficit target in FY20," Dun & Bradstreet India Chief Economist Arun Singh said. The government has set a 3.3 per cent fiscal deficit target for the current fiscal.
Over Rs 300 crore invested in airport infra in FY'20
Approximately 3.4 million passengers flew under the government's regional connectivity scheme, Udan, till date, with 134 routes commencing operations between January and October. As many as 335 routes were awarded during the year, covering 33 airports, comprising 20 unserved, three under-served and 10 water aerodromes, the release added.
NHPC plans to raise up to Rs 2,000 crore in FY20
Company is considering to rise the amount through corporate bonds or via a term loan or borrowing.
Coal India chalks out strategy to meet 660 million tonne production target for FY20
Till December, the miner is expected to produce close to 390 MT of coal and will require another 270 MT in the last quarter of this fiscal to meet the annual production target. Currently, Coal India produces 1.8 MT per day while the asking rate to achieve the target is 2.9 MT, they said.
Top 50 corporates reduce debt by about Rs 60,000 cr in first half of FY20
In the last financial year 18-19, these companies reduced their debt burden by about Rs 43,000 crore.
EY to hire 23,000 people in FY20
The accounting firm is set to hire in 2020, making the Indian arm its largest workforce outside of the US.
Fitch lowers India GDP growth to 4.6% in FY20
Fitch said growth will gradually recover to 5.6 per cent in FY21 and 6.5 per cent in the following year.
Bank frauds rise to record Rs 1.13 lakh cr in H1 FY20
97.3% of the frauds reported in the first half of FY20 by value occurred in previous financial years.
Tata Motors sees EV sales doubling in FY-21, to cross 1000 mark in FY-20
With the introduction of the compact Nexon EV SUV, which is targeted at personal buyers, the company is expecting its sales of EV models to double in the next fiscal year starting April 2020, president of electric mobility and corporate strategy Shailesh Chandra told ET.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service