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The mobile tower sale deal of Reliance Communications with private equity firm Tillman Global Holdings LLC and TPG Asia, which was to close by January 15, has been extended till month end.
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The company‘s total order book currently stands at of Rs 10,600 crore said Vimal Kejriwal, MD & CEO, KEC International.
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Corporate honchos have cited cost of credit as their biggest concern impeding economic growth and investments, even as a majority of them said the interim budget would help increase overall demand within next six months, a poll of industry leaders by CII has said.
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The volatility in interest rates in India has affected borrowers of all types of loans. However, home loan borrowers are the most affected, as home loans are by far the biggest loans quantum-wise
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Real estate giant DLF is confident of reducing its debt to Rs 17,500 crore; in line with its guidance. Its management also hopes to bring down its interest costs by Rs 450-470 crore in FY15.
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Orbit Corporation feels that high interest costs have hurt the company's performance till now. The company will now focus on paring debt to reduce the interest costs going forward.
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Prices have appreciated the most in the country by over 50 percent in the last two years. But despite the slowdown Sobha Developers is not holding back on launches in Gurgaon.
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Shriram EPC is confident of a substantial reduction in its debt after it agreed to sell its holding in Sree Jayajothi Cements Ltd (SJCL) for Rs 1,400 crore.
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VD Mhaiskar, CMD, IRB Infrastructure said revenues for Q3 have been robust on back of sound execution of projects on the construction side and also because of higher toll collections.
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High interest rates are adding to the headline inflation and are "defeating" the Reserve Bank's objective of checking rising prices through a tight monetary policy, a study by Assocham said today.
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In a report released by BluFin, the financial information company stated that the consumer confidence index dropped to 40.3 in June, the worst in the previous five months.
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Post its joint venture with Japanese company Kintetsu World Express, Gati interest costs to be halved and sees total topline come in at Rs 1,500 crore in FY13.
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Vijay Mallya owned United Spirits has surged 30% in the last one month and now CLSA Asia-Pacific Markets feels there may not be much fizz left in the stock. The brokerage on Thursday downgraded the stock to "underperform" from "outperform."
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Lackluster demand has tripped up the top real-estate companies and they've failed to meet the full year targets, reports CNBC-TV18's Priyanka Gosh.
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For the last tow quarters interest cost for Autoline Industries have almost doubled. Currently the company is sitting on debt of about Rs 200 crore. CNBC-TV18 catches up with the management of Autoline to figure out if the company is trying to repay some of the debt.
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Speaking to CNBC-TV18, managing director of India’s third largest telecom operator, Idea Cellular, Himanshu Kapania says that they are on the anvil of launching an Idea smartphone.
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Due to poor macros, negative global news flow and a disappointing earnings season, experts don’t expect to see any positive outbreak in the near future.
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Banking companies have been under the scanner in the past week due to worries of poor asset quality, especially in the infrastructure space. But, Santosh Nair, deputy managing director - corporate banking, State Bank of India says that they will not be focusing on bad loans right away.
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Madhav Nadkarni, CEO, Unity Infra Projects in an interview with CNBC-TV18 said that the interest costs have increased by 300-350bps in the last one year. It is looking to restructure debt through foreign loans or external commercial borrowings (ECBs) so that interest cost can be brought under control.
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Prabhat Awasthi of Nomura Financial Advisories & Securities Private, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about his reading of the market and his outlook.
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In an interview with CNBC-TV18, Sudhir Reddy, chairman and managing director of IVRCL Infrastructure said that the company is on track to meet its full-year guidance of about Rs 6,250 crore.
