“Considering the average asset life in the industry to be around 10 years, we recommend the committee to enhance the ‘Total Debt/EDITDA ratio’ to 6 times from the current 4.5 times, the premise of repaying loans in 4.5 years for assets that will last over double the time needs to be reconsidered. Further, considering the cost of borrowing capital in India is one of the highest in the world, we request the committee to recommend lending to the auto component industry at the same interest spread as priority sector, to secure the industry from any downgrade in ratings due to the adverse impact of COVID-19 related disruptions," added Jain. … [Read more...] about Kamath Committee report | Implementation is key, says auto sector
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Debt/EBITDA ratio signals how well a company will be able to service its loans and other liabilities and a lower ratio indicate a higher capability to service loans and liabilities. While this ratio has been kept at less than or equal to five for corporate retail outlets, it has been pegged at less than or equal to four for consumer durables/FMCG. … [Read more...] about KV Kamath committee report: FMCG, corporate retail outlets among 26 sectors listed for restructuring
> The 26 sectors specified by the panel are: Power, construction, iron and steel manufacturing, roads, real estate, trading wholesale, textiles, chemicals, consumer durables/FMCG, non-ferrous metals, pharma, logistics, gems and jewellery, cement, auto components, hotels, mining, plastic products manufacturing, automobile manufacturing, auto dealership, aviation, sugar, port and port services, shipping, building materials, and corporate retail outlets. … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about Kamath panel submits report on resolution framework for COVID-hit assets
Vivo V19 features a 6.44-inch Full HD+ Super AMOLED display with a pill-shaped cutout for the 32MP + 8MP front camera sensors. The phone has four camera sensors on the back with a 48MP lens at the helm, paired with an 8MP ultra-wide lens, a 2MP macro lens and a 2MP depth sensor. … [Read more...] about Vivo V20 series to debut in India with Vivo X50-like camera module in October: Report