With industrial output and consumption-driven sectors experiencing a slump during H2 FY2019, the freight demand in the country also withdrew in the last quarter of the previous fiscal. “Our analysis of financial... Read more »
Weakness in consumer sentiments and softening commodity prices have led India Inc to deliver a six-quarter low revenue growth of 10 percent in the fourth quarter of FY19, a report said Thursday.... Read more »
According to analysts, RBI’s rate cut will help increase India’s GDP, while keeping the policy stance accommodative. “For the third successive time, in line with the majority market expectations, the Monetary Policy... Read more »
Ratings agencies ICRA and Crisil downgraded Dewan Housing Finance Corp Ltd’s (DHFL) commercial paper to their lowest ratings on Wednesday after the lender failed to make payments on bonds due this week.... Read more »
The revenue growth of the Indian corporate sector slipped to a six-quarter low in the March quarter of FY19, a report said. It was weak consumer sentiment and softening of commodity prices... Read more »
The domestic passenger traffic had seen an upward trend between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the rating agency said in the note on Thursday. The... Read more »
Yes Bank shares went up 6 per cent in late morning deals on Thursday after slipping nearly 2 per cent in early trade after ratings agency India Ratings (Ind-Ra) downgraded the bank’s... Read more »
ICRA Ratings has estimated that the financial creditors would realise more than Rs. 800 billion in FY2020 from the Insolvency and Bankruptcy Code (IBC), compared to about Rs. 660 billion realised in... Read more »
The risk of over-leveraging in the microfinance sector has risen owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the credit bureau data,... Read more »
Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their fund requirement through... Read more »