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According to a research report by State Bank of India, the top 15 sectors, from more than 1,000 listed entities, reported a debt reduction of 1.7 lakh crore during FY21. In percentage terms fertilisers, cement products, consumer durables and capital goods sectors have reduced their dependence on bank loans by more than a fifth during the year.
Q4 may see highest revenue growth in 8 quarters for India IncA report by Edelweiss also noted that larger companies would lead this recovery. For the Nifty 50 companies, low base and strong earnings momentum are likely to propel earnings growth to a record 100%-plus rate on a yearly ba… Read MoreAirtel refused to pay Videocon AGR dues: DoTVideocon had sold rights to use spectrum in the 1,800 MHz band in six circles to Airtel in 2016 for Rs 4,428 crore.
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… Read MoreFed’s Powell says uneven global vaccine rollout is recovery riskFed officials have repeatedly stressed that the U.S. economy continues to need aggressive monetary policy support as it recovers from the pandemic, even as the outlook brightens amid widening vaccinations.
from Stocks-Mark… Read MoreCoffee Day defaults on Rs 263 crore paymentsA senior Coffee Day executive told ET that the company owed money to four lenders including Axis Bank, SSG Singapore and Aditya Birla Finance. These had been debts that had remained on the company's book since the time of fou… Read MoreAgarwal may see Vedanta stake rise to 65% from 55% Metals and mining magnate Anil Agarwal will see his stake in flagship Vedanta increase to 65.2% from the existing 55.1%, if he accepts all the shares tendered by minority shareholders in the open offer that closed on Wednesd… Read More
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