Broad market indices have underperformed since the announcement of the Union Budget in late-January 2018. The event triggered pessimism among investors and, since then, it has been a rollercoaster ride, as rising interest rates across the world have rocked equity markets. But events and...
Even as 92.4% of creditors had decided in favour of accepting the bid of ArcelorMittal (AM) for the beleaguered Essar Steel, the promoters of Essar suddenly announced that they would pay up a massive Rs54,389 crore to settle all its dues
Technocraft Industries (India) Limited (TIIL) reported a net return on capital employed (NRoCE) of 9.86% and return on assets (RoA) of 7.23% during FY17-18, more or less in line with the previous three years, resulting in approximately 30% compounded annual growth rate (CAGR) in the stock since March 2015.
Manappuram Finance, a non-banking finance company (NBFC) mainly known for providing personal loans against gold or gold jewellery, has come out with an issue of secured non-convertible debentures (NCDs) offering up to 10.40% interest per annum.