RattanIndia posts Rs 2,107 crore Q3 profit on debt restructuring
The company’s EBITDA stood at Rs 3,299 crore for nine-month period from April till December 2019.
As liquidation threat looms, Jet Airways bidders still not ready
Time is tight as creditors may have to push the firm into liquidation if there is no resolution by mid March.
Buyers stand to lose if phone companies go for price parity: Experts
Mobile phones often cost Rs 2,000-3,000 less on e-commerce channels than in physical stores owing to exclusive deals with handset brands. Currently, e-commerce channels account for nearly 40% of overall sales of smartphones while bricks-and-mortar stores sell the bulk of handsets, according to data from TechArc Research.
Edelweiss ARC, Goldman Co tighten grip on Bilt Graphic
Some lenders like Kotak Mahindra Bank and IDBI Bank were opposed to this infusion because they were not consulted before this decision was taken.
Bad loan sale to ARCs falls in FY19 to Rs 57,508 crore
Recovery rates yielded by major resolution mechanisms except Lok Adalats declined in 2018-19.
5G phones may reach Indian shores in H1
Indian consumers can expect to start buying the first set of 5G phones as early as in the first half of 2020, with some devices likely to be available in the first quarter, albeit at the higher end. However, the government prepares to auction 5G spectrum only in the April-June quarter.
ARCs will now have to take the auction route to acquire NPAs
Total NPAs in the banking system are pegged at Rs 9.3 lakh crore.
Smartphone shipment growth likely to be lowest in 2020
Industry executives said there has been a huge pile-up of inventory left with sellers after a surge in shipments for the festive season, which may take up to six quarters to clear. Growth in the smartphone industry will be about 5% in 2020, Realme India chief executive officer Madhav Sheth told ET. That’s a level reached in 2016.
Aye Finance raises Rs 125 crore from Dutch bank FMO
Under the deal, FMO will work with Aye Finance to expand their services to women entrepreneurs in the country through a gender finance programme. The transaction was syndicated and executed by Chennai-based Northern Arc Capital which invested in Aye Finance in January this year.
JM Financial's ARC unit raises Rs 183 crore from parent
Stock of JM Financial was trading at Rs 75.00 on BSE, up 0.81 per cent.
AUM rises but ARCs face challenges due to higher cash needs: Crisil
Rating agency Crisil said that the growth in ARC assets has fallen to 7% in fiscal 2019.
From 1% in FY17, foreign funds now hold ARCs’ 60% securities receipts
ARCs securitises assets and sell the receipts to investors.
Kommune Brand Communications and techARC unveil 1st edition of ‘TechKomms’
Report on Trends in Public Relations and Communication in ICT
ARCs expect around 20% return on investments in BMM Ispat sticky loans
Edelweiss ARC and IndoStar Capital bought loans at about Rs 1,500 crore
IBC can't resolve power sector crisis, but ARCs can: Secretary SC Garg
"Not every kind of industry or every kind of asset can be best reconstructed through the IBC," Garg told an event on ARCs organised by Assocham.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service