The fourth quarter results season is coming to a fag-end, and analysts said despite earnings largely meeting expectations, there is a noticeable moderation in the overall earnings landscape. Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among … Read more
Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India‘s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more
The Board of Power Finance Corp has approved a bonus issue of equity shares to its investors in the proportion of 1:4. This means, for every four shares investors hold, they will get an additional bonus share. “The Board approved the issue of bonus shares to the shareholders of the company in the ratio of … Read more
New Delhi: The government will extend the power-sector liquidity infusion package and relax working capital lending limits by Power Finance Corp and REC for distribution companies. The decision was taken on Wednesday by the Cabinet Committee on Economic Affairs (CCEA), which also approved an increase in Fair and Remunerative Price (FRP) for sugarcane by Rs … Read more