Apr 27, 2016 at 13:36 | Source: Moneycontrol.com
High salary and interest costs have hurt MTNL. It plans to cut salary costs by coming up with a Voluntary Retirement Scheme (VRS), says NK Yadav, CMD, MTNL.
Apr 25, 2016 at 17:20 | Source: CNBC-TV18
Operating profit (earnings before interest, tax, depreciation and amortisation) may slip 11 percent year-on-year to Rs 37.8 crore and margin may contract by 80 basis points to 12.9 percent in January-March quarter due to sticky input costs.
Apr 21, 2016 at 09:57 | Source: CNBC-TV18
The move will help the gold exporters to reduce their working capital by 11 percent as well as the save on the interest cost, says Sanjeev Agarwal of Gitanjli Exports.
Apr 18, 2016 at 14:37 | Source: Moneycontrol.com
Net interest income, the difference between interest earned and interest expended, grew by 26.5 percent to Rs 822 crore from Rs 650 crore in same period, which was in line.
Apr 18, 2016 at 09:32 | Source: PTI
Japan has offered a concessional loan of Rs 97,636 crore to fund about 80 percent of the project cost with a repayment period of 50 years beginning from the 16th year of operation at an interest rate of 0.1 percent.
Apr 15, 2016 at 09:39 | Source: Moneycontrol.com
Somany Ceramics has issued Commercial paper of Rs 25 Crore value dated April 13, 2016 having maturity on June 29, 2016. The aforesaid issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.
Apr 12, 2016 at 14:51 | Source: Moneycontrol.com
Lower raw material cost and other expenses helped the company report operating profit (against operating loss) that resulted in profit despite higher interest cost and lower other income & forex gain. In Q4FY15, it had reported an exceptional loss of Rs 10.03 crore.
Apr 12, 2016 at 14:22 | Source: PTI
The move is a result of the introduction of MCLR based lending rate (Marginal Cost of Funds based Lending Rate) with effect from April 1, 2016, the bank said.
Apr 08, 2016 at 17:00 | Source: PTI
Banks are now also expected to do effective transmission of rates, he said, adding that part of it has already been done by adopting the Marginal Cost of Funds-based Lending Rate (MCLR) and reducing the rate of interest marginally.
Apr 07, 2016 at 21:20 | Source: PTI
The lending rates of other banks may also fall soon with the Marginal Cost of Funds based Lending Rate (MCLR) system coming into force with effect from April 1.