Sunil Kanoria

RBI status quo disappoints demonetisation-hit India Inc

Disappointed with the Reserve Bank's decision to leave key policy rates unchanged, India Inc today said a rate cut was needed to revive demand hit by the cash crunch post demonetisation.

Prospects of rate cut bleak as dollar, crude rise: Assocham

Prospects of interest rate cut in near future may be bleak due to factors like continuous pressure on rupee against dollar, firming of the US rates and hardening of crude oil prices, according to a report.

Assocham says Centre shouldn't levy cess under GST

In conversation with CNBC-TV18, Sunil Kanoria, President of Assocham, says that the Centre should not levy cess and should give a window of 4-5 months to the industry to prepare themselves for the new laws after the GST roll-out.

GST is 'Brahmastra' for country, says Assocham

"GST is a Brahmastra for the country. Actually, we need to have a simple platform to move goods within India than we move goods outside the country," Assocham president Sunil Kanoria told reporters here.

Focus on growing equipment finance biz at over 25-30%:SREI Infra

SREI Infra will ensure that the equipment finance business will be well supported with respect to capital, said Kanoria, Vice Chairman, SREI Infra.

Ease burden of loan repayment on drought-hit farmers: Assocham

The industry body estimates that Indian economy has taken a hit of Rs 6.50 lakh crore because of drought situation in 265 districts in 11 states affecting 33 crore people.

NBFCs may cut lending rates by 25-50 bps after RBI's move

With the reduction in policy rate by the Reserve Bank, NBFCs say they are likely to cut their lending rates by 25-50 bps over next three-four months.

ASSOCHAM estimates Rs 20k cr loss in Haryana due to Jat stir

The agitators have been slowly ebbing away and the blockades are being removed. Kanoria says things should be back to normal very soon.

Budget 2016: Infra sector's wishlist

The NHAI is involved in 112 legal disputes with infrastructure companies — valued at over Rs 25,000 crore and unless these legal disputes are settled or disposed off, NHAI's target of laying o30 kilometres per day in FY16 will be in jeopardy

To focus on road equipment business going forward: SREI Infra

There has been an uptick in demand for road equipment segment and so the focus going forward would be on equipment business, said Sunil Kanoria, Vice Chairman, SREI Infra.

Assocham bats for lower interest rates

"From the chamber, we are requesting both the RBI and government to lower interest rates. But after talking to them, there are larger issues for which RBI is not keen for a drastic cut in rates," Assocham President Sunil Kanoria said.

Will maintain margins between 4-4.5%: SREI Infra

Sunil Kanoria, vice chairman, SREI Infra says the company has been seeing good growth in the last 3 months and hopes to grow in double digits in the near-term.

SREI jumps 19%, BNP Paribas to pick up 5% stake in co

"Srei Infra, BPLG, Srei Equipment Finance (SEFL), Hemant Kanoria and Sunil Kanoria have entered into a share purchase agreement whereby BPLG has agreed to acquire 2.5 crore equity shares of SREI, representing 5 percent equity capital," says the non-banking finance company in its filing to exchanges.

Assocham revises FY16 export target downwards to $255-260bn

Assocham in September this year had forecast the country's exports to be around USD 265-268 billion. Cumulative value of exports during April-November 2015-16 stood at USD 174.30 billion as against USD 213.77 billion in the same period last year, down 18.46 percent.

Railway contracts to drive growth; NPA recovery slow: SREI

Sunil Kanoria, Vice-chairman, SREI Infra, says the formation of bad loans has been arrested, but recovery of existing non-performing assets is slow. He expects revenues from rail contracts to drive growth going forward

Want demerit rate be levied on a few luxury items: ASSOCHAM

With just eight days left for the winter session, representatives from these industry bodies and traders will meet Jaitley on December 16 to discuss their concerns and lend support to the Goods and Services Tax (GST) Bill.

Expect uptick in credit post Sept 2015: Srei Infrastructure

Sunil Kanoria, VC, Srei Infrastructure Finance said large NBFCs have already tightened lending norms internally. The capital adequacy norms have remained more stringent for NBFCs, he added.

Many suitors for Viom, rule out Bharti Infratel: SREI Infra

Sunil Kanoria of SREI Infrastructure remained tight-lipped on the potential suitors for Viom but spoke at length about the recent central bank move to breathe life into stalled infrastructure projects.

No financial impact as service tax is pass on: SREI Infra

In a recent order, the central board of excise and customs (CEBC) said that tower companies cannot avail cenvat credit on goods and services used in construction of tower. The duties which are paid on parts of tower are ineligible under input tax credit under cenvat.

Key focus on profitability, not growth: SREI Infra

With a dip in net income to Rs 180 crore as against Rs 214 crore in the previous quarter, SREI Infrastructure Finance says that the year gone by was the worst for the infrastructure sector. The company had to make addtional provisions for CDR cases in Q4.

SREI Infra buys $72m of Kingfisher debt

A debt fund managed by SREI Infrastructure Finance has bought about Rs 400 crore worth of debt of Kingfisher Airlines from ICICI Bank , its vice chairman said on Monday.

Cautious on loan growth ahead: SREI Infra Finance

SREI Infrastructure Finance obtained a stay order from the Kolkata High Court against a rating downgrade by credit rating agency Fitch. The case being sub judice, Sunil Kanoria, Vice Chairman, SREI Infrastructure Finance Limited refused to comment on the issue. Going ahead, the company is taking a cautious approach.

KPMG finds all allegations to be baseless: Viom Networks

KPMG has given a clean chit to the Kanorias in the alleged financial irregularities in VIOM Networks by the former company secretary. In an interview to CNBC-TV18, Sunil Kanoria, director of Viom Networks spoke about the issues related to the recent allegations.

SREI Infra cautious on Q2, Q3 due to interest rate hike

Sunil Kanoria, vice-chairman of SREI Infrastructure, in an interview with CNBC-TV18's Sonia Shenoy and Latha Venkatesh, said that the company is not very optimistic about Q2 and Q3 because of the current environment. He said, "We expect to pass on some of the interest rate hikes to our customers in Q2."