The steel plants acquired via IBC process include Bhushan Steel, Essar Steel, Electrosteel Steels, Monnet Ispat & Energy Ltd and Bhushan Power & Steel
Rating agency Crisil Ratings Wednesday said collection ratios in securitised pools have seen a dip during the second wave of the Covid-19 pandemic.
Amish Mehta to take over as new CEO on October
CRISIL Ratings revised its outlook on the long-term bank facilities of the company to 'Positive' from 'Stable' and reaffirmed the rating at 'CRISIL AA-'
But the pace of improvement in collection efficiency, the third of the wave of the pandemic, and access to funds need to be closely monitored, rating agency says
The month-end assets under management of the fund rose to Rs 24,669 crore in May 2021 from Rs 15,654 crore in June 2018.
During FY21, Cosmo Film's PAT more than doubled (up 110 per cent up from FY20) on the back of higher speciality sales, better operating margins, and an uptick in performance by subsidiaries
Traffic in April on the national highways witnessed a 15 per cent decline to 160 million toll-paying vehicles against 190 million in March
The rating on short-term facilities has been reaffirmed at A1-plus.
Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures
Around 2.07 p.m., its shares on the BSE were trading at Rs 542.50, lower by Rs 2.55 or 0.47 per cent from its previous close.
Rs 1,00,000 invested on April 15, 2003 (inception of the fund) would have grown to Rs 3,81,800 at (7.66% CAGR) on June 02, 2021 compared with Rs 3,41,750 (7.01% CAGR) for the peer group
Market share gain, deleveraging makes room for capex revival
The economy had contracted by 7.3 per cent in FY21.
Asset monetisation in the roads sector will see an acceleration as EPC companies in this space pursue growth
As the economy recovers, so should discretionary spending, which again will be salutary.
Better affordability, sustained WFH will spike demand in top six cities this fiscal. But Mumbai and Pune may see contraction due to the higher base of last fiscal
Housing sales in volume terms are expected to rise 5-10 per cent this financial year across six big cities but demand will reach to a pre-COVID level only after two years
India's non-alcoholic beverages industry is unlikely to reclaim pre-pandemic levels this fiscal: Crisil
The fund has consistently outperformed its peers (funds ranked under the low duration category in CMFR in March 2021) over the trailing periods under analysis