Experts believe consumers are shying away from purchases even though mortgage rates have dropped to levels of 7.5% — down about 350 bps from their peak — as they are waiting for a meaningful price correction.
The company will also be taking shareholders’approval for raising non-convertible debentures with warrants convertible into or exchangeable with equity shares of the company for an amount not exceeding Rs 7,000 crore.
The company’s free cash flows have been coming down over the last two years from Rs 4,258 crore in FY18 to Rs 770 crore in FY19 and moving to negative trajectory in FY20 (Rs -4,032 crore), Bloomberg data shows.
Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 da
More than availing of the benefit of new credit lines and loan-related schemes announced by the government, nearly 63.3 million micro, small and medium enterprises (MSMEs) are hoping to get delayed payments from the governmen
On the back of this weakness, RIL is estimated to report a sequential decline of about 8% in its net profit to Rs 10,700 crore for the three months of January-March, according to analysts at Bank of America Global Research.