JSW Steel debt-based leverage likely to rise in FY20
In FY'19 and FY'18, the leverage was 2.2x and 2.6x respectively.
Investments may remain subdued in FY20, consumption to improve gradually: Ashu Suyash, Crisil
“Rating Shopping” backfires! If a rating compan...
Coal India liquidates 35 Mt of pithead stock in the first half of FY 19-20: Pralhad Joshi
“The pithead coal stock with CIL was 54.15 Million ...
ADB sharply cuts India's GDP growth forecast to 6.5 pc for FY20
As per the latest ADO, South Asia's growth momentum has softened.
Piramal enterprises looks to sell 20% equity in healthcare business
PEL wants to accelerate growth for its healthcare division through acquisitions that will expand its portfolio of products, offer opportunities to buy brands or leverage its distribution network across the US, Europe and Asia
With Rs 20 crore earnings, Byju’s has a lesson for unicorns
Total expenses for fiscal year 2019, however, rose to Rs 1,321.65 crore from Rs 518.52 crore in the year-ago period, as employee benefit expenses, marketing and promotional costs rose significantly.
Exide Industries net up 15% in Q2 FY'2019-20
Profit before tax for the same quarter ended September 30, 2019, dipped to Rs 292.03 crore.
IWAI revises cargo handling target to 100 MT on national waterways by FY22
Earlier this year, the IWAI had stated that about 55 MT of cargo was handled on national waterways in 2017-18 and 150 MT target for 2021-22 was likely to be achieved before the deadline. The Centre declared 106 national waterways n 2016 in addition to the existing five, taking India's total navigable inland waterways to 20,000 km.
Revenue growth of road developers in EPC segment may be halved in FY'20, FY'21: Crisil
"Road developers...could see revenue growth halve in fiscals 2020 and 2021 to 15 per cent, compared with 30 per cent in fiscal 2019," Crisil said. The NHAI awarded a whopping 7,400 km in fiscal 2018, which slowed down the following year to about 2,200 km. In the current fiscal and the next, awarding is expected to be 4,000 km a year, it said.
Govt may eye Rs 1.5 lakh crore divestment in FY21; BPCL, Concor sale likely in H1: Sources
Sources told ET Now that the government may draw up a list of PSUs where stakes will be reduced below 51 per cent next year. The closure of NEEPCP and THDC sale to NTPC is likely before FY20-end. Another tranche of PSU ETF is likely before the end of this financial year.
RBI likely to resume dovish stance from FY21: Nomura
Nomura expects fiscal policy to play a bigger role in reviving growth.
Japanese parent revises FY20 outlook: Suzuki Motor forecasts Maruti sales to fall 20%
Maruti’s 25% drop in volumes in the 1st half ended Sept has pulled Suzuki’s global sales down by 17%.
Bank credit growth to moderate to 8.5% in FY20: Icra
Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20.
Listed realty builders saw a mere 2% jump in housing sales value in Q2FY20
“We are clearly seeing the emergence of strong, organized players whose strengths are amplified, rather than diminished, by the newly regulated market environment. Even the most conservative industry estimates indicate a staggering number of developers in the top cities who have been either wiped off the map, or have merged with organized developers after DeMo and RERA,”
Economic revival unlikely soon: International Monetary Fund
Fund’s chief economist Gita Gopinath stresses need for ‘important reforms’ in land acquisition and labour laws
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