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Corporate India's revenue growth hits six-quarter low in Q4 on weak consumer sentiments: ICRA report
Business

Corporate India's revenue growth hits six-quarter low in Q4 on weak consumer sentiments: ICRA report

Weakness in consumer sentiments and softening commodity prices have led India Inc to deliver six-quarter low revenue growth of 10 percent in the fourth quarter of FY19, a report said on Thursday

M&A deal value in hospital sector jumps by 155% in FY19 to Rs 7,615 cr: Icra report
Business

M&A deal value in hospital sector jumps by 155% in FY19 to Rs 7,615 cr: Icra report

Despite the stress on performance due to regulatory restrictions, the value of merger and acquisition (M&A) deals in hospital sector jumped by a record 155 percent at Rs 7,615 crore in FY19, a report said on Monday

Public sector banks may report net profit of Rs 23,000-37,000 cr in FY20: ICRA report
Business

Public sector banks may report net profit of Rs 23,000-37,000 cr in FY20: ICRA report

After four years of consecutive losses, the state-run banks are likely to report a profit of Rs 23,000-37,000 crore in the next financial year, with their gross non performing loans declining to 8.1-8.4 percent by March 2020, says a report

Cement sector to remain buoyant on housing demand, infrastructure: ICRA report
Business

Cement sector to remain buoyant on housing demand, infrastructure: ICRA report

"The domestic cement capacity utilisation is expected to remain moderate at around 70 percent in FY2020 despite an estimated demand growth of 7-8 percent in FY2019-FY2020 due to capacity overhang. This is likely to continue pricing pressures thereby leading to pressure on margins," Icra said.

Rising input cost, crude shave off corporate margins by 220 bps, roiling Q2 earnings: Icra report
Business

Rising input cost, crude shave off corporate margins by 220 bps, roiling Q2 earnings: Icra report

The corporate sector has reported a revenue growth of 23.9 percent for the September quarter over the same period last year, domestic rating agency Icra said on Monday, based on its analysis of 176 companies.

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today
Business

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today

Banks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.

Bankers rush to finalise plans to resolve problem of NPAs worth Rs 3.8 trillion ahead of RBI's 27 August deadline
Business

Bankers rush to finalise plans to resolve problem of NPAs worth Rs 3.8 trillion ahead of RBI's 27 August deadline

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.

NPA crisis: Public sector banks write off Rs 1.20 lakh crore in FY18, as against Rs 81,683 crore in FY17
Business

NPA crisis: Public sector banks write off Rs 1.20 lakh crore in FY18, as against Rs 81,683 crore in FY17

This is a double whammy for the struggling PSBs as they had massive write-offs as well as huge losses in the last financial year

Gold jewellery demand may fall by 2-4% this year: Icra report
Business

Gold jewellery demand may fall by 2-4% this year: Icra report

Demand for gold jewellery is likely to decline by 2-4 percent this calender year due to high prices and subdued financing environment, Icra report said.

Banks await Rs 15000-cr mark-to-market loss on surging bond yields: ICRA report
Business

Banks await Rs 15000-cr mark-to-market loss on surging bond yields: ICRA report

Continuing surge in the benchmark bond yields, which rose as much as 67 bps in Q3, will leave banks with a big hole in their treasury portfolios and result in mark-to-market (MTM) losses of Rs 15,500 crore for the December quarter alone, warns a Icra report