Son’s empire wobbles as credit rout hits SoftBank debt load
The company is more vulnerable because of missteps at the Vision Fund, the $100 billion investment vehicle that Son set up to become the new centerpiece of his empire.
Credit Suisse has outperform rating on Hindustan Unilever, price target Rs 2,400
Credit Suisse said there can be disruptions because of Covid...
Covid-19: Seven ministries to set up quarantine facilities
The government has drawn up a comprehensive plan to deal with a possible intensifi...
Defence PSUs sound alarm over lack of orders & under-utilisation of production facilities
At least six of the nine entities (five DPSUs and four shipyards) under the defence ministry, which are often justifiably criticised for huge cost and time slippages as well as shoddy production quality, have warned that the bulk of their production facilities and manpower are set to become idle over the next couple of years if they do not get firm orders soon.
NBFCs seek more time, one-time recast of all NPAs
Urge RBI, finmin to relax timeline to 270 days, suspend classification of NPAs for 2 months.
Coronavirus updates: 234 Indian evacuees from Iran quarantined at Army facility in Jaisalmer
Two hundred and thirty-four Indian evacuees from coronavirus-hit Iran, worst affected country in the Middle East, who arrived in the nationa...
COVID-19 outbreak credit neutral for pharma companies for now: Ind-Ra
Ind-Ra's portfolio consists of 19 pharma-formulation manufacturing issuers that are rated 'IND A-' and above.
Covid-19: No near-term threat to pharma cos' credit profile'
If the virus outbreak isn't contained over the next three months, supply disruption is likely to be far greater than that in FY17, resulting in pressures on cash flows for players. But the pressure will be less on API players. Given the low degree of backward integration, the report believes half companies may face pressures on their credit metrics.
Early signs of stress on credit, funding visible: JPMorgan
Credit markets suffered their worst day in a decade on Friday amid fears that Covid-19 will hurt corporate income and stymie some companies’ ability to repay their debt.
Selloff is stomping out India’s credit market revival
Stresses deepened after India suspended most visas and Trump halted travel from Europe.
Moody's readying for mass global downgrade of virus-hit firms
The firm has already begun the process in a number of the hardest hit sectors.
Bandhan Bank to gradually pare micro credit exposure: Chandra Sekhar Ghosh
"The bank's exposure to microcredit at present is 61%. Over the next three to five years, the bank's ratio of micro and non-microcredit will be 50:50," said Ghosh. Housing loans make up for 30 per cent of the credit portfolio and MSME 9 per cent, he said. As of Dec 2019, the bank's total exposure stood at Rs 65,456 cr, with a deposit base of Rs 55,000 cr and CASA level at 34%, Ghosh said.
Coronavirus: Army postpones all recruitment rallies by a month
The sources added that instructions in the Indian Army have been issued to all concerned to accord adequate focus on health security and all ranks must take precautions to avoid infection. "All recruitment rallies will be postponed by one month," a source said. Besides this, travel by personnel has also been restricted but only for essential duties.
SC's AGR ruling: India headed for a duopoly in telecom sector, say analysts
Stating that the AGR issue "could create a duopoly structure," Morgan Stanley said: "The Supreme Court has not relented on the AGR dues, which makes matters worse for VIL. Airtel and RJio are well-placed thanks to strong balance sheets and could gain market share."
Women getting more credit conscious, also default less than men: Credit bureaus
Women borrowers in the age group 36-50 have risen by 33 per cent since December 2017. While older women have been borrowing at an even more rapid pace as women borrowers in the age group over 50 years have risen 41 per cent, according to a study by credit bureau Crif Highmark. Most preferred loans are unsecured loans, consumer loans and retail loans, according to Transunion Cibil.
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