Deepak Shenoy, Founder, Capital Mind, says their investment theme continues to be a stronger India going forward. He expects a lot of good things to happen in defence, in manufacturing, and even in the consumer durables sector as also in financialisation where growth continues unabated. In consumption, the emphasis will shift from staples to durable … Read more
“Also, in the current market context where we see that where there is some amount of weakness which is there, the large groups they are better placed to manage the slowdown because of the diversification of cash flows what they have from different businesses, they have a better control in terms of cash flows which … Read more
Arnab Banerjee, MD & CEO, Ceat, says acquisition of this business will make Ceat’s international business contribution to cross 25%from day one and, this is EBITDA accretive and will contribute to the overall margin accretion of Ceat consolidated. OHT business will almost double in turnover post this acquisition and will be almost 23-24% of Ceat’s … Read more
Manish Gupta, Chairman & CEO and Suhas Prabhu, CFO, Indegene, in conversation with ET Now. says: “The margin, especially at the EBITDA level, has consistently grown from 18.8% to 21.9%. We will look at sustaining and growing the margins as we go forward. Another aspect, given the proceeds from the IPO would be to go … Read more
Anil Gupta, Sr VP & Co-Group Head-Financial Sector Ratings, ICRA, in conversation with ET Now on RBI proposal for tighter project finance rules. Gupta says “given the market reaction, there could be a case where maybe more clarification will emerge as to whether 5% provision requirement is on the entire under-construction portfolio of the lenders … Read more
D B Realty on Thursday said it has raised Rs 920 crore by selling shares to institutional investors, including Morgan Stanley Asia, to fund its real estate projects and strengthen balance sheet. The company launched its Qualified Institutional Placement (QIP) issue on March 7 and the issue was closed on March 13. In a regulatory … Read more
The merged entity’s gross advances aggregated to approximately Rs 22,45,000 crore, growth of around 13% over Rs 19,85,900 crore as of June 30, 2022. Source link
Not long ago, the US witnessed a banking crisis that shook its financial landscape. Within a blink of an eye, Signature Bank, Silicon Valley Bank, and First Republic Bank crumbled, leaving many investors thinking over the causes of their downfall. But who was the culprit behind these bank failures? Well, it was the dreaded bank … Read more
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view. With the first signs of dents in economic growth now visible, and fallout from financial-market tensions lingering, any pause by the Federal Reserve after at least one more … Read more
“It is a large market and as India’s economic growth gathers steam as per capita income goes above $2500, there will be an increase in movement and shift from rail travel to air travel and we want to capture that opportunity for sure,” says Saurabh Chawla, GMR Infra. After the last few years of restructuring, … Read more