According to a release, despite an increase in net debt levels due to higher land investments, the leverage of developers is expected to remain comfortable between 1.1 and 1.3 times in FY2024, supported by robust cash flows.
UAE stocks generated strong cash flows Monday as the International Holding Company (IHC) maintained robust performance and closed at AED 400.6, following more than AED 217.2 million worth of transactions.
Singapore, August 4 (ANI): S&P Global Ratings has raised its long-term issuer credit rating on Tata Steel and its subsidiary ABJA Investment Company to BB from BB-minus.
Bengaluru (Karnataka) [India], May 27 (ANI): Flipkart said on Thursday it has expanded benefits under a seller financing programme to support business continuity and growth.
Mumbai (Maharashtra) [India], May 8 (ANI): UltraTech Cement has reported profit after tax of Rs 1,775 crore in the quarter ended March compared to Rs 1,129 crore in Q4 FY20 due to prudent working capital management.
Singapore, April 6 (ANI): S&P Global Ratings on Tuesday raised its issuer credit rating on Tata Steel and its subsidiary ABJA Investment Co Pte Ltd to BB-minus from B-plus.
Singapore, Feb 11 (ANI): S&P Global Ratings has affirmed BBB-minus long-term issuer credit rating on Power Grid Corporation, the largest power transmission company in India which manages about 85 per cent of the country's inter-state transmission system.
Singapore, January 29 (ANI): S&P Global Ratings on Friday kept Delhi International Airport Ltd's (DIAL's) B-minus ratings on credit watch negative but said the control period three (CP3) tariff implementation will not materially strain its cash flows and interest servicing ability.
Hong Kong, December 9 (ANI): Stabilising or improving cash flows amid power demand recovery, the gradual pace of regulatory change and manageable transition to a low carbon economy underpin Moody's Investors Service's stable outlook for the Asia Pacific power sector in 2021.
New Delhi [India], September 9 (ANI): The tractor industry is estimated to have recorded 72 per cent growth in wholesale volumes during August and 27 per cent growth in retail volumes on a year-on-year basis, according to the latest research update by investment information agency ICRA.
New Delhi [India], Sep 2 (ANI): The relatively shorter payment timeframe for telecom operators to repay AGR dues exerts additional pressure on their cash flows and necessitates sizeable average revenue per user (ARPU) increase that can have an impact on the industry structure, according to i