Bank Gross NPA Could Rise To 8-9% By March 2022: CRISIL

Last Updated On October 19, 2021 1:11 PM by Neal Bhai

Gross NPAs for banks were at 7.5% as of March 2021
With restructured assets expected to be around 2% of total loans, stressed loans for banks could rise to 10-11%
Majority of the stress is expected to come from retail and MSME loans
Retail stressed assets could rise to 4-5% of loans by the end of this year, compared with 3% in March 2021
Stressed assets for MSME segment expected to rise to 17-18% from 14% last fiscal
Corporate stressed assets expected to remain within 9-10%

Source: CRISIL Statement

From Balrampur Chini To Dhampur, Why The Sugar Rally May Not Be Done Yet

Last Updated On October 18, 2021 12:13 PM by Neal Bhai

In a second straight year of sugar glut, shares of Indian millers have surged. That’s because of the nation’s aggressive push to ethanol blending in transport fuels.

HDFC Bank Q2 Results: Focus Returns To Growth

Last Updated On October 18, 2021 11:50 AM by Neal Bhai

HDFC Bank Q2 Results: The country’s largest private lender HDFC Bank reported a 17.6% rise in second quarter net profit, as loan growth picked up and asset quality remained stable.

Wipro Hits Record As Brokerages Raise Target Prices After Q2 Beat

Last Updated On October 14, 2021 10:38 AM by Neal Bhai

Wipro Ltd. shares rose as much as 7.6% to Rs 723.9 in early trade, before paring gains, as brokerages raised their target prices after the company’s September quarter earnings beat estimates.

India States Hit by Power Outages as Coal Supply Still Tight

Last Updated On October 12, 2021 10:18 AM by Neal Bhai

India’s energy crisis is starting to bite with states from Uttar Pradesh to Rajasthan and Kerala hit by blackouts over the weekend.

Trading Stocks For Today – 11-10-2021

Last Updated On November 9, 2021 5:39 PM by Neal Bhai

Reliance Industries: Reliance New Energy Solar, a subsidiary of the company, has acquired REC Solar Holdings AS from China National Bluestar Co for an enterprise value of $771 million. REC Solar is one of the world’s leading solar cell, panels and polysilicon manufacturer.

Billionaire Ambani’s Reliance Buys REC Solar for $771 Million

Last Updated On October 10, 2021 8:05 PM by Neal Bhai

A unit of Reliance Industries Ltd. acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of $771 million as the Indian oil-to-retail conglomerate seeks to extend its dominance into alternative energy.