Family-owned units rank second, while public sector firms remain laggards
These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period
Future would be one of the top contract manufacturers in FMCG, fashion space but with wafer-thin margin
The central bank's core earnings or interest income from its rupee and forex assets were up just 2.3% year-on-year in FY20 despite 30% rise in its assets during the year
Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years
Experts say recovery will be faster than that after the 2008 Lehman crisis
PBT of 748 firms down 46% YoY, net sales by a quarter; manufacturers hit hard
But turnaround could stretch its finances in short term
Govt appoints four more members; norms in 30 days after recommendations
Firms that either reported operating losses or poor interest coverage ratio account for Rs 10.7 trn of debt
Index is trading at 30.4 times its trailing 12-month earnings per share, highest since it began reporting its ratios in 1999
The index has fallen 32% since January, against an 8.2% decline in Nifty50
However, analysts expect the numbers to deteriorate as more companies announce their results
Combined market cap of five top IT companies, which are part of the index, is up 6.5% since the beginning of 2020 against a 6.6 per cent decline in market cap of the index
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
Tata Power board approves setting up of renewables InvIT
Except for finance and software players, companies report a combined loss of Rs 2,700 crore in Q4, the first in at least 24 quarters
The benchmark BSE Sensex is up 14.2 per cent in the past one month against a 3 per cent appreciation in the Dow Jones during the period.
India's trade deficit with China is on a downward trajectory, and hit a 5-year low in FY20 due to lower imports and higher exports, but trade deficit with Hong Kong continues to rise.
Last financial year saw a series of banks failures starting with Punjab & Maharashtra Co-operative Bank and culminated in near collapse of YES Bank, India's 5th-largest private sector bank at its peak