“The overall tone is that of caution. Loan growth has come down and stress levels have inched up. The bank tends to be selective on credit growth,” said Sidhharth Purohit, analyst at SMC Global Securities, adding he didn’t have a rating on the bank. Gross slippages of the bank jumped up to 2.46 percent from to 2.32 percent in the quarter ended September. Net NPA ratio stood at 0.89 percent versus 0.85 percent. … [Read more...] about Bad loan hit banks wary of corporate loans; what it means for a struggling economy?
S and s corporation
It makes sense for an electric car company to be deemed “sustainable,” but a few others on the list were surprising to Tom Lyon, a business and sustainability professor at the University of Michigan. Lyon, who was not involved in the ranking, says he was surprised Swedish fast fashion giant H&M made the list at No. 27. “H&M sourced from the Rana Plaza factory that collapsed in 2013, killing 1,100 workers. Perhaps they are a completely different company now, but the category itself still worries me,” he says over email. “Their products are not meant to last, so they end up in the trash very quickly.” On the other hand, he notes, U.K. personal care and cleaning product brand Unilever often tops Canadian research firm GlobeScan’s sustainability ratings, so he was surprised to see it about halfway down at No. 46 on the Corporate Knights list. … [Read more...] about These are the most sustainable corporations in the world
In markets that remain unchanged for prolonged periods, dividend yield can give that leg up to returns. It also helps investors ascertain the relative attractiveness of a stock. Dividend yield can also be computed for indices. The dividend yield for the Nifty 50 was 1.25 per cent on January 20, 2020. … [Read more...] about Dividend yield: Is it a good parameter to judge a stock?
Iron ore is a key raw material for steel making and any revision in its prices directly impacts the prices of steel.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about ArcelorMittal-Nippon Steel participating in auctions in Odisha: CEO Dilip Oommen
Reliance Power said one of its lenders Axis Bank has initiated insolvency process against its subsidiary Vidarbha Industries Power Ltd for a claim of Rs 553.28 crore. "...application for initiation of CIRP (Corporate Insolvency Resolution Process) for Vidarbha Industries Power Ltd, a subsidiary of the company, has been filed by only one of its lender Axis Bank Ltd for a claim of Rs 553.28 crore," Reliance Power said in a regulatory filing. … [Read more...] about Axis Bank files insolvency plea against RPower arm