November 17: Moody’s upgrades India's short-term local currency rating to P-2 from P-3. To discuss its development and its impact on the domestic markets, BTVI’s Pronoy Nath Banerji spoke to Suvodeep Rakshit, Senior Economist at Kotak Institutional Equities and Aditi Nayar, Principal Economist at ICRA.
November 17: Moody’s upgrades India's short-term local currency rating to P-2 from P-3. Hear out Chief Economic Advisor Arvind Subramanian’s reaction on the same.
November 17: Moody’s upgrades India's short-term local currency rating to P-2 from P-3. Hear out DEA Secretary SC Garg’s reaction on the same.
November 17: A 5-10 per cent correction in markets is always a possibility, says Madhusudhan Kela, Market Veteran.
November 17: Inflation to settle around 4.5% if we takeout HRA impact in next 6 months, says Sajjid Chinoy, Chief India Economist at JP Morgan.
November 17: See sufficient evidence, confidence that eco reforms in India will yield results, says William Foster, Vice President - Sovereign Risk Group at Moody’s Investors Service.
November 17: Markets pricing in the fact that interest rates in US will climb up in December, says Arvind Narayanan, Head of Sales, Treasury & Markets at DBS Bank.
November 17: Moody's upgrade shows that Government efforts are being recognized, says Ashok Lavasa, Former Finance Secretary.
November 17: Moody's upgrade a big positive for the bond market; may see a rally in bonds, says Gaurav Kapur, Chief Economist at IndusInd Bank.
NEW INDIA ASSURANCE Q2 REVIEW
PAT at Rs 748 Cr Vs Rs 260 Cr, up 187%
Gross Premium written at Rs 6489 Cr Vs Rs 5784 Cr, up 12.18%
Solvency Margin at 2.24x Vs 2.04x
CARE RATINGS Q2 REVIEW
Revenue From Ops at Rs 91 Cr Vs Rs 81 Cr, Up 12.4% YoY
PAT at Rs 48.3 Cr Vs Rs 47.4 Cr, Up 2% YoY
Operating Profit up 10.5%
Addition of 1077 new clients 2410 issue rated during the quarter
WONDERLA HOLIDAYS Q2 REVIEW
Net Sales down 0.6% at Rs 51.2 Cr Vs Rs 51.4 Cr
EBITDA up 9% at Rs 12.9 Cr Vs Rs 11.8 Cr
EBITDA Margin at 25.2% Vs 23%
Net Profit down 38% at Rs 2.3 Cr Vs Rs 3.7 Cr
Tax rate at 35% Vs 3.8%
All numbers compared on YoY unless specified otherwise