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During the quarter, the company has reduced its debt with the help of strong operating cash flows of Rs 53 crore.
‘India’s GDP at risk of falling back into negative territory’HSBC expects India's year on year GDP growth to fall back into negative territory after recording a marginal 0.4% increase in the quarter ended December 2020. Moreover quarter on quarter GDP in the three months ended June 202… Read MoreFTSE 100 ends worst session in nearly two-months; cigarette makers, oil stocks weighSterling hit its highest in more than six weeks against the dollar, further weighing on the FTSE 100, many of whose constituents earn most of their revenues overseas and see their repatriated profits eroded by a stronger poun… Read MoreFall in Asia hints at more pain for NiftyCredit Suisse Wealth Management said the Indian equity market could see some further profit booking in the coming weeks. The wealth management firm said this correction is likely to be very sharp but would not last long.
fro… Read MoreSouth Africa’s FirstRand to exit India after 12 yearsThe news was broken to FirstRand staff via a video conference on Tuesday. In response to a query from ET India CEO Rohit Wahi shared a statement confirming the shut down of its only branch in Mumbai and a retreat into a limit… Read MoreKamath panel okays loan rejig for 2 Future cosThis is the second large restructuring approved by the five member Kamath committee. Late last month it had approved a Rs 10,900 crore restructuring plan for the Shapoorji Pallonji Group.
from Stocks-Markets-Economic Times h… Read More
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