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
In the 2023 stock market, when one group of companies falls out of favor, another has usually been ready to take its place. The latest winner is firms with the riskiest credit, poised for their best week since January versus their sturdier-balance-sheet counterparts. The outperformance is happening as credit-market stress eases, helping push the S&P … Read more
The private credit has grown significantly not only in India but across the world, particularly post the pandemic. India’s corporate credit has gone through a phase of very good balance sheet strengthening, which has widened the space for investments in debt instruments, according to Mohamed Irfan, fund manager – private credit, Vivriti Asset Management. “We … Read more
“In our portfolio, we have players like Persistent and . Initially, in the next couple of quarters, there will be low growth but over the next two to three years, they can do more than 10-12% kind of revenue growth because the headwinds of rising wage hike and other related costs are almost behind us. … Read more