The financial services firm has not added any NPAs in the December quarter and the stressed assets in NPA remain constant since Q3, says Ashok Haldia, MD & CEO, PTC Financial Services.
The increase is primarily due to devaluation of the rupee and increase in raw material costs. "We have been holding back prices for a while but now it has become necessary to raise them due to increasing input costs, devaluation of the rupee and increase in some raw material costs," M&M Ltd Chief Executive, Automotive Division, Pravin Shah said.
DLF Ltd, the country's largest listed developer, said it aims to bring down net debt to Rs 19,000 crore by June, and reduce it further to Rs 17,000 crore by end of this fiscal.
Manipur Chief Minister O Ibobi Singh proposed no new taxes in the state's Rs 6,886-crore budget for 2011-12 presented in the Assembly on Monday.