Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities; operating profitability in FY21 likely to be lower
Vedanta is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in fiscal 2021.
Dr Reddy's Q4 profit jumps 76% to Rs 764 cr on higher sales in US, Europe; revenue up 10% at Rs 4,432 cr
Dr Reddy's said various initiatives have been undertaken to ensure that our manufacturing-related operations continue unabated enabling it to serve the patients.
Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's
On 18 May, Agarwal-chaired board of directors of Vedanta Ltd approved its parent, VRL's open offer.
Adani Gas Q4 profit up 61% at Rs 122 cr; pandemic impacts current demand for CNG, PNG from industrial segment
Adani Gas said it will ensure that during this period of crisis, the supply of PNG and CNG is maintained without any interruption.
Novelis Q4 sales dive 12% to $2.7 bn as commodity prices fall, shipments decline; firm on capacity additions
For the full year, Novelis net sales decreased 9 percent from the prior year to $11.2 billion, driven by lower average LME aluminum prices and local market premiums.
Fitch downgrades Tata Motors, cites cash flow issues; move to have negative impact on company's debt profile
The negative outlook reflects risks to Tata Motors' financial profile from a prolonged pandemic that can result in further deterioration in its profitability.
NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED
A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immuned from the acts done by the former promoters of Bhushan Power & Steel.
Exclusive: Oyo’s Ritesh Agarwal opens up about job losses, Aditya Ghosh, governance issues, and SoftBank’s role
“This is the first time I am doing an interview, but I have been open all throughout.”
RIL consolidated profit surges 13.5% to record Rs 11,640 cr in Q3 on strong growth in telecom, retail verticals
Consumer businesses, which till last year accounted for a quarter of RIL's pre-tax profit, contributed a third of EDITDA in the third quarter.
Revenue stood at Rs 3,929 crore for the second quarter, down 48% as compared with Rs 7,621 crore in the year-ago period, Ashok Leyland said in a regulatory filing.
Airtel Africa Q2 net profit up 78% at $96 mn driven by growth in customer base; revenue grows 9.8% to $844 mn
The revenue of Airtel Africa grew 9.8 percent to $844 million during the reported quarter from $769 million in the corresponding quarter of 2018-19.
IMF report warns of rising risks in economy, Reliance in bullish trend; all this and more on Moneycontrol Pro
The IMF says that ultra-low and negative interest rates have led to a desperate search for yield among investors, leading to overvaluation of assets.
Moody's says Reliance Industries stake sale to Aramco credit positive, will reduce company's net leverage
Reliance Industries expects that the transaction will close before March 2020.
RIL AGM 2019: Mukesh Ambani’s promise of zero net-debt firm in next 18 months is music to ears of shareholders
Going by Ambani’s speech at the AGM, RIL already has received strong interests for the stake buy in Reliance Jio and Reliance Retail which will help the firm generate fresh cash flow.
Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong
AB InBev has previously said an IPO of its Asia business could help create a brewing champion for the region such as Budweiser or Corona.
Insolvency resolution proceedings of Essar Steel had commenced on 2 August 2017
Tata Steel share advanced 6.67 percent to close at Rs 545 on the BSE. During the day, it zoomed 7.26 percent to Rs 548
Domestic cement sector to see modest growth in FY20, manufacturers to benefit from continuing demand push: Report
Between 2008 and 2018, cement demand increased at 6.15 percent CAGR, while capacity increased at nine percent CAGR.
In January, Reliance Retail jumped 95 places on Deloitte's Global Powers of Retailing 2019 index, to reach the 94th spot as revenues soared
Hindustan Unilever third quarter net profit rises 9% to Rs 1,444 cr on strong volume growth; sales up 12.42%
HUL's sales during the quarter under review stood at Rs 9,357 crore, up 12.42 percent, as against Rs 8,323 crore in the corresponding period a year ago.