The RBI has now allowed banks to increase PCE for corporate bond issuance from 20% to 50% of the bond issue size, subject to a 20% limit for a single bank. This can enhance the bond market for lower rated paper.
Volume growth trajectory stepped up, which is in contrast to the demand picture on average for the rest of the staples and also alleviated concerns that Patanjali has been able to impair volume growth in Colgate’s case and
Fortis Healthcare (Fortis) announced a composite scheme of arrangement which, via a multi-step process, will move SRL out of Fortis into Fortis Malar (a separately listed entity) and move Fortis Malar’s hospital business in
Net domestic sales increased by c17.5% year-on-year (y-o-y) (as Q2 calendar year 15 was impacted by Maggi ban) and now Nestlé’s operating performance appears to be on the path of full recovery for the Maggi portfolio.
HZL reported Q1 EBITDA of `11.3 billion down c32% y-o-y on the back of 45% y-o-y drop in mined metal production and fall in zinc and lead prices partially offset by rupee depreciation, higher silver volumes and higher silver
As per the latest press release from Cairn India, the Board of Vedanta Limited (VEDL IN, `157.1, Buy) and Cairn India Limited have approved revised and final terms for the proposed merger between the two companies.
Tata, on July 8, 2016 announced developments to further progress the strategy of its European business. After its announcement in March 2016 to explore strategic alternatives for its UK business, Tata shortlisted and engaged
SUEL expects industry installations to grow by c17% during FY17 to c4GW after strong growth of 48% in FY16. The company also expects to improve its market share further from current 26% and aims to take it to c40% over next f