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Eros International announces $20 million share repurchase plan
Updated : 6 years, 9 months ago IST
Isle of Man, June 10 (ANI): Entertainment major Eros International Plc has approved a share buyback programme of up to 20 million dollars of outstanding common shares, a development that comes less than a week after rating company Care cut its creditworthiness, citing delays or likely def
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DHFL demise highlights funding risk at Indian non-bank lenders: Fitch
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): Dewan Housing Finance Corporation Limited's (DHFL) liquidity problems and its failure this week to pay coupons highlight the funding challenges faced by India's non-bank finance sector, according to Fitch Ratings.
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Interest rate cut in monetary policy unlikely to stimulate growth: Ind-Ra
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): India Ratings and Research (Ind-Ra) said on Wednesday that an interest rate cut by the Reserve Bank of India (RBI), which is almost certain in the second bi-monthly monetary policy statement for 2019-20, is unlikely to stimulate demand in the near-
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Crisil downgrades DHFL's commercial paper rating to 'default' grade
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): Global rating agency Crisil on Wednesday downgraded its rating on the commercial paper of Dewan Housing Finance Corporation Limited (DHFL) to 'Crisil D' from 'CRISIL A4 plus' as the company has failed to pay interest on bonds.
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Construction sector to lead recovery in steel demand: ICRA
Updated : 6 years, 9 months ago IST
New Delhi [India], June 5 (ANI): While the performance of domestic steelmakers is likely to be lower in the first quarter of the current financial year as compared the previous year due to several headwinds, the construction sector will be at the forefront of demand recovery in the second ha
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Indian banks struggling with poor asset quality amid challenging environme
Updated : 6 years, 9 months ago IST
Singapore, June 2 (ANI): Fitch Ratings believes that the Indian banking sector is still struggling with poor asset quality and weak core capitalisation.
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Sahyadri Industries Ltd. jumps two points CRISIL A3 Ratings
Updated : 6 years, 9 months ago IST
Pune (Maharashtra) [India] May 31 (ANI/NewsVoir): CRISIL has upgraded its ratings for Sahyadri Industries Limited (SIL) to 'CRISIL BBB/Positive/CRISIL A3+'.
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Steelmakers' robust margins in FY19 likely to moderate: Fitch Ratings
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India] May 30 (ANI): Fitch Ratings said on Thursday that healthy earnings before interest, tax, depreciation and amortisation (EBITDA) margins, which allowed Indian steelmakers like JSW Steel and Tata Steel to maintain stable leverage profiles in the past financial year
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Ind-Ra lowers FY 19 GDP estimate to 6.9 pc with Q4 forecast at 6.3 pc
Updated : 6 years, 9 months ago IST
New Delhi [India], May 27 (ANI): India Ratings and Research (Ind-Ra) said on Monday that it expects India's GDP growth rate during 2018-19 to be 6.9 per cent as against the advance estimate of 7 per cent.
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India vote may bolster economic reform prospects: Fitch Ratings
Updated : 6 years, 9 months ago IST
London [Britain] May 27 (ANI): The victory of Bharatiya Janata Party (BJP) in India's general election reduces policy uncertainty in the near term and gives the party a mandate to continue its economic reform efforts, according to Fitch Ratings.
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Corporates report plunging revenue growth, lower margins in Q4 FY19: ICRA
Updated : 6 years, 9 months ago IST
New Delhi [India], May 26 (ANI): The fourth quarter (January to March 2019) financial results released by 304 companies in the corporate sector show a sequential drop in revenue growth to 10.7 per cent from 20.1 per cent in the previous quarter (October to December 2018), according to invest
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Moody's says India's rating hinges on policies of new govt
Updated : 6 years, 9 months ago IST
New Delhi [India], May 23 (ANI): Moody's Investors Service said on Thursday that India's credit rating will depend on the policies of the new government and expressed the hope that the country will continue with its fiscal consolidation plan.
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