Bhupendra Singh ChundawatCredit rating agency, India Ratings and Research has assigned a long term issuer rating of ‘BBB’ with a stable outlook to Jindal Stainless (JSL). The rating push demonstrates improvement in creditworthiness of the company and is a reflection of higher operating performance, improved Earnings before interest, taxes, depreciation, and amortization (EBIDTA), and significant debt reduction … Read more
Rating agency, ICRA has downgraded Yes Bank’s domestic long term ratings of Senior Debt Instruments to ‘AA’ from ICRA ‘AA+’ of and Subordinate Debt Instruments to ‘AA-’ from ‘AA’. The ratings remain on watch with negative implications. CARE Ratings has also downgraded the bank’s domestic ratings of Senior Debt Instruments to ‘AA+’ from ‘AAA’ and … Read more
Cosmo Films has decided to postpone the delivery & commissioning of new production line for Specialized Polyester (BOPET) Film at Aurangabad, Maharashtra, India, by 8-10 quarters. The Line has been ordered but due to adverse market conditions, the company has decided the same. Cosmo Films is a leading global brand, offering value added BOPP and … Read more
Videocon Industries has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 1,225.06 crore for the quarter under review as compared to net loss of Rs 1,033.69 crore for the same quarter in the previous year. Total income of the company decreased by 76.56 % at Rs … Read more
Power Grid Corporation of India has awarded an order to Chandigarh-based Hartek Group’s engineering arm Hartek Power for augmenting high-voltage 400-KV substations in the three states of Uttar Pradesh, Haryana and Rajasthan. The project will cater to a population of about 7 crore. Under the project, Hartek Power will convert fixed line reactors to switchable … Read more
Maruti Suzuki’s Baleno a premium hatchback has marked another milestone by achieving 5 lakh sales in a record time of just 38 months. Baleno has not only dominated but also redefined the premium compact segment with its unique Liquid Flow design and a host of innovative features. A symbol of the Make in India mission, … Read more
SpiceJet has deposited an additional bank guarantee worth Rs 20 crore to the Airports Authority of India (AAI) after getting a notice from the state-run airport operator with the low cost carrier’s dues exceeding its bank guarantee. SpiceJet is among the first private companies that stepped into the Indian aviation sector. Bhupendra Singh ChundawatBhupendra Singh … Read more
