Working Capital

This decision aims to support the agricultural sector by enhancing FCI’s operational and financial strength, reflecting the government's commitment to empowering farmers and reinforcing India’s agrarian economy.

1 in 5 MSMEs to see stretch in working-capital days: CRISIL

MSMEs, which account for around 40 percent of the country’s exports, will face headwinds from the slowdown in advanced countries, particularly the US and Eurozone, which account for a third of India’s exports, CRISIL has said

Sebi ban on pledging clients' funds to take a toll on bank guarantees: Analysts

However, bank guarantees issued to stock brokers and clearing members form a miniscule 2.5-3% of the total bank guarantees issued by banks.

Mindspace Business Parks REIT raises Rs 100 cr debt for working capital requirements

In a regulatory filing, Mindspace Business Parks REIT informed that it has completed an issuance of commercial papers of Rs 100 crore for a maturity of three months at an interest rate of 7.2 per annum.

Lockdown hit to payment cycle could cause irreversible damage in a few sectors

Receivables cycles will increase and write-offs will mount

Here's why JP Morgan has an 'overweight' rating on L&T

Cites pickup in executions, but feels challenge lies in navigating the trade-off between reigning in core net working capital and faster execution.

Stone India up 5% ahead of board meeting on January 5

The company's board meeting is scheduled to be held on January 05, 2017 to consider the renewal cum sanction of additional working capital limit by Indian Overseas Bank (IOB) vide their credit advice issued on December 12, 2016.

German plant shutdown led to struggle in Euro biz: Mahindra CIE

Mahindra CIE's debt halved in the last quarter year-on-year due to a reduction in working capital, says Chairman Hemant Luthra. This has given the company headroom for potential acquisitions.

'GST clause on TCS a growth deterrent for marketplace model'

Faced with the 'tax collection atsource' clause of GST, e-commerce companies today said the provision could act as a major stumbling block to growth of the "marketplace" model and spell trouble for working capital of small vendors.

See 7-8% volume growth for 2 wheelers in FY17: TVS Srichakra

Continued discipline in inventory and working capital management will help in maintaining the strong performance posted in the fourth quarter of FY16, says P Vijayaraghavan, Director of TVS Srichakra.

Two SME IPOs to hit capital markets next week

Ghushine Fintrrade Ocean Ltd's initial public offering (IPO) will begin on April 25 and close on April 27, while that of Bajaj Healthcare will open for subscription from April 27 till May 2.

GVR Infra Projects gets Sebi clearance for IPO

GVR Infra initial public offering (IPO) comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale, whereby IDFC Private Equity Fund would offload 43.22 lakh scrips, as per the draft papers.

Suzlon Energy gains 4%; gets additional working capital

The sanction of this working capital is to meet requirements for execution of sizable order backlog and pipeline. This will enable Suzlon to scale up the volumes.

Suzlon reports Q2 loss of Rs 181 crore

"The group has posted a loss after share in minority interest of Rs 181.10 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 656.21 crore for the quarter ended September 30, 2014," the company said in a BSE filing.

Are you businessman? Consider unsecured dropline overdraft

Dropline overdraft combines the features of term loans and overdraft facility.

Indian Overseas Bank launches Rupay MUDRA Debit Card

State-run Indian Overseas Bank has launched Rupay MUDRA Debit Card under the Pradhan Mantri MUDRA Yojna, targeting the micro, small and medium enterprises.

Eye 25% FY16 growth; focus on international biz: Power Mech

In an interview with CNBC-TV18, S Kishore Babu, Chairman and Managing Director of Power Mech Projects says that new orders, expansion and reduced debt will ensure better growth in the current year.

On track to meet Rs 8000 cr topline in FY16: Punj Lloyd

Issues relating to clients as well as working capital have been resolved, and the company's performance for the remaining quarters of this fiscal should look up, Chalasani says.

Will monetise power, road projects to pare debt: NCC

YD Murthy, executive vice president- finance, NCC, says things are improving for the company and it has now started getting orders with better margins.

Ashok Leyland Q4 net profit falls 36% to Rs 229.97 crore

For the fiscal ended March 31, Ashok Leyland's consolidated net profit was at Rs 133.89 crore. The company had reported a loss of Rs 164.12 crore in the previous fiscal.

Cos line up rights issue worth Rs 4,000 cr

Future Retail, Zee Media Corp, GMR Infrastructure, CanFin Homes, Wintac and Polson are among the firms that plan to raise funds by issuing equity shares to existing shareholders.

Maxwell to focus on garment biz, liquidate non-core units

Maxwell Industries, which is engaged in manufacturing and marketing of innerware, has decided to sell their non-operative unit in Navi Mumbai.

QIP funds to be used for capex not paring debt: J Kumar

The company aims to bag substantial orders from the Rs 2000 crore tenders floated by BMC, said Nalin Gupta, ED of J Kumar Infra.

Rs 5.3 lakh cr excess cash tied up in working capital: EY

These working capital results were achieved in the context of a marked slowdown in the Indian economy during the year as well as challenging global economic and financial conditions, the report said.

Food Min pushes for interest-free loans to sugar mills

In Uttar Pradesh, the country's second largest producer, mills have refused to operate as they are unhappy with the high cane price of Rs 280 per quintal fixed by the state for 2013-14 marketing year (October-September). Mills say they cannot pay more than Rs 225 per quintal.