Page 890 - Business Finance
Brickwork Ratings lowers rating of Reliance Capital
Reliance Capital Saturday said Brickwork Ratings has revised downward rating to AA for long-term debt programme, market-linked debentures and subordinated debt of the company, primarily due to delay in monetising the non-core investments. The company remains confident to be able to monetise some of these assets over the next two quarters and bring down the debt significantly, Reliance Capital said in a filing to stock exchanges. The rating continues to factor RCap's experienced management, well-diversified and growing business profile of companies (subsidiaries and associates) in the financial services segment, it said. Shares of Anil Ambani-led Reliance Group's three listed companies, including Reliance Capital, witnessed a sharp decline last week following sale of pledged shares by L&T Finance and Edelweiss Group. Lenders said that Reliance Group failed to make timely payments leading to sale of pledged shares.
Religare to raise Rs 500 cr via NCDs
Religare Saturday said the company has got board approval for raising Rs 500 crore by way of issuance of non-convertible debentures on a private placement basis. The board in its meeting held on Saturday gave approval for this, Religare said in a regulatory filing. The approval of shareholders for the same will be sought through a postal ballot, it said.
Kridhan Infra consolidated net profit declines 11.09% in the December 2018 quarter
Sales rise 70.63% to Rs 235.28 crore
RSD Finance reports consolidated net profit of Rs 4.53 crore in the December 2018 quarter
Sales rise 25.86% to Rs 11.73 crore
Virtualsoft Systems reports consolidated net loss of Rs 1.20 crore in the December 2018 quarter
Sales decline 10.61% to Rs 1.18 crore
Scanpoint Geomatics consolidated net profit rises 290.91% in the December 2018 quarter
Sales rise 212.23% to Rs 10.21 crore
CMI consolidated net profit declines 0.15% in the December 2018 quarter
Sales rise 30.81% to Rs 175.93 crore
Raja Bahadur International reports consolidated net loss of Rs 4.70 crore in the December 2018 quarter
Sales decline 77.23% to Rs 0.46 crore
Kashiram Jain & Co standalone net profit rises 100.00% in the December 2018 quarter
Sales reported at Rs 0.09 crore
B.C. Power Controls standalone net profit declines 98.37% in the December 2018 quarter
Sales decline 1.71% to Rs 106.80 crore
Apex Capital and Finance reports standalone net profit of Rs 0.12 crore in the December 2018 quarter
Sales rise 7000.00% to Rs 0.71 crore
Kesar Terminals & Infrastructure standalone net profit declines 18.53% in the December 2018 quarter
Sales decline 30.66% to Rs 7.17 crore
Crane Infrastructure standalone net profit rises 266.67% in the December 2018 quarter
Sales reported at Rs 0.19 crore
Brahmaputra Infrastructure standalone net profit rises 214.69% in the December 2018 quarter
Sales rise 17.45% to Rs 65.01 crore
Provogue (India) reports standalone net loss of Rs 14.67 crore in the December 2018 quarter
Sales rise 141.66% to Rs 25.93 crore
Parsvnath Developers reports standalone net loss of Rs 27.49 crore in the December 2018 quarter
Sales rise 5.17% to Rs 20.75 crore
Positive Electronics reports standalone net profit of Rs 0.04 crore in the December 2018 quarter
Reported sales nil
Trio Mercantile & Trading reports standalone net profit of Rs 0.56 crore in the December 2018 quarter
Sales rise 20.17% to Rs 9.65 crore
Shalimar Wires Industries standalone net profit declines 97.41% in the December 2018 quarter
Sales rise 4.39% to Rs 28.04 crore