However, bank guarantees issued to stock brokers and clearing members form a miniscule 2.5-3% of the total bank guarantees issued by banks.
Accruals from licence fee payments in the telecom sector have fallen from Rs 3,975.6 crore in the first quarter to Rs 3,450 crore in the third quarter of the current fiscal, the Parliament was informed today.
The capex plan for the company during FY'16 is Rs 5,000 - Rs 5,500 crore and the same goes in for network, IT and fibre laying among others.
In an interview to CNBC-TV18, Naresh Takkar, MD of ICRA speaks about the company's earnings for the June quarter. He expects margins to be hit in the coming quarters if the market conditions did not improve.
Kolte-Patil's group chief executive officer, Sujay Kalele says the company‘s 49 percent buy out of the investor's stake was financed entirely by their internal accruals. The amount paid, according to Kalele is Rs 65 crore and will reflect in the balance sheet from the next quarter.
Poultry processor Venky's India has planned capital expenditure of Rs 107 crore to expand and modernise capacities at its plants and open new retail outlets.