The affirmation is grounded in Fitch's expectation of Bharti's continuous improvement in EBITDA net leverage, driven by robust cash flow growth, and its capacity to fund considerable 5G-related capex alongside shareholder returns.
The trend of betterment in receivables witnessed over the past two years is expected to persist in the immediate future. However, the long-term sustained enhancement hinges on the targeted execution of structural reforms aimed at bolstering the financial robustness of distribution companies
Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelled by the bolstering operating conditions and sustained financial performance in the short run.
Bengaluru (Karnataka) [India], November 9: Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, reported its una
Hyderabad (Telangana) [India], November 9: Nava Limited, a leading diversified conglomerate with expertise in metals, energy, mining, healthcare and commercial agriculture, announces robust financial results for the quarter and half-year ending 30th Sep 2023.
New Delhi [India], November 8: Timex Group India Ltd, a prominent watch manufacturer & marketer announced its financial results for the quarter that ended September 2023. The company has maintained the momentum and achieved a revenue growth of 4% over a substantially large base. Addition
Chennai (Tamil Nadu) [India], November 8: Hatsun Agro, a leading player in the dairy industry and Chairman R G Chandramogan, proudly announces a significant surge in milk procurement, ensuring a robust and stable supply for the coming months. In response to last year's challenges, the compan
New Delhi [India], November 7: In an affirmative move and a robust financial gesture that has resonated well with the market, Axita Cotton Ltd. has announced a 10% interim dividend for FY24, a decision that has been perceived as a shining indicator of the company's financial health.
Gurugram (Haryana) [India], November 7: In an endeavour to provide seamless adoption of green mobility pan India, MoEVing has achieved a remarkable feat of deploying 100 units of revolutionary Tata Ace EV in a record time of 90 days. This landmark achievement not only showcases the burgeonin
According to a JP Morgan report, despite experiencing robust GDP growth of nearly 5 per cent in the third quarter, projections suggest a slowdown with expected growth rates of 1-2 per cent in the fourth quarter and 0-1 per cent in the first half of 2024.
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.
In addition to the robust profit figures, the bank's net interest income (NII) for the quarter ended September 2023 witnessed substantial growth, surging by 12.3 per cent YoY to reach Rs 39,500 crore.