The number of rating upgrades has come down in the fi rst half of the fi nancial year as compared with the numbers in the year ago period as companies are facing multiple headwinds in the form of West Asia confl ict, rising crude oil prices, higher input cost and the evolution of US tariff measures.
Number of downgrades is also lower but this typically does not refl ect where issuers do not cooperate with any adverse rating.
ET Bureau
Despite moderation in rating activity, rating fi rms said India Inc’s credit profi le remains resilient, supported by stronger balance sheets, lower leverage and liquidity buffers, rating companies said. They expect corporates to absorb up to 50 basis points rate hike without much of a problem.
Delhi Transport Minister Pankaj Singh met with Original Equipment Manufacturers (OEMs) and bus operators on Friday to review concerns and demands raised by contractual drivers working under the Cluster Bus Scheme, ANI reported. Earlier this week, on Monday, Singh had also directed officials to consult the labour department to discuss salaries and other issues raised…
Lead, lead alloys and plastic additives producer Pondy Oxides & Chemicals has fixed July 21 (Tuesday) as the record date for its 2:5 stock split, effectively making today (Monday) the last day for interested investors to buy the shares of the company to be eligible for the corporate action. According to SEBI’s T+1 settlement cycle,…
Waaree Energies shares gained 1.71% to touch an intraday high of Rs 2,541.80 during Tuesday’s trading session after the company received an order on September 21, 2026, to supply 2 GW of solar modules to a renowned domestic customer, which is a leading solar developer. According to the company’s exchange filing, the order is a…
The Department of Telecommunications (DoT) has cautioned mobile users against allowing SIM cards issued in their name to be used by others, warning that fraudulent SIM issuance, misuse of telecom identifiers and tampering with IMEI numbers can carry serious legal consequences. Under the Telecommunications Act, 2023, such violations may attract imprisonment of up to three…
A rise in a mutual fund’s cash allocation can easily be mistaken for a warning that the fund manager expects the stock market to fall. But experts say investors should not treat the cash figure as a direct market call. Cash may build up for several operational reasons, including fresh inflows awaiting deployment, money required…
Mumbai: BofA Securities initiated coverage on Polycab India and KEI Industries with Buy ratings, betting that strong demand for wires and cables and the companies’ competitive positions will help them sustain faster growth despite rising competition. The brokerage set a price target of ₹11,000 for Polycab, implying 22% upside, and ₹6,300 for KEI, suggesting 14%…
ET Bureau
