Category: BENCHMARK

  • KSIDC to sell its stake in TV New holding company

    KSIDC to sell its stake in TV New holding company

    The Kerala State Industrial Development Corporation Ltd. (KSIDC) has decided to sell its 5.9 per cent stake in India Middle East Broadcasting Network Pvt Ltd (IMBN), that ran now defunct news channel TV New.

  • Banks’ role in corporate credit market fading

    Banks’ role in corporate credit market fading

    The bank credit flow to commercial sector in India has been facing challenge with the non-bank source of credit now far exceeding bank loans, according to RBI statistics (refer chart) available on this. While the share of bank loans in credit to the commercial sector was around 56 per cent in 2011, and that of […]

  • DP World joins India fund to create investment platform

    DP World joins India fund to create investment platform

    Dubai: DP World, the multi-country port operators headquartered in Dubai, and India’s National Investment and Infrastructure Fund (NIIF) have decided to create an investment platform to invest in ports, terminals, transportation and logistics businesses in India, an official document from DP world confirmed. The platform will invest up to $3 billion of equity to acquire […]

  • KSEBL loss more than quadruples

    KSEBL loss more than quadruples

      The Kerala State Electricity Board Ltd (KSEBL) seems to be passing through one of its worst patches as the state’s power monolith finding it difficult to wriggle itself out of the grips of loss. KSEBL, whose financials are yet to reach the public domain, is understood to have more than quadrupled its loss for […]

  • Treasury dents SIB profits

    Treasury dents SIB profits

      The ‘treasury’ has been the villain this time for South Indian Bank (SIB) whose net profit for the nine-month ending December 31, 2017 having witnessed a decline of almost one-third to Rs220.79 crore from Rs316.96 crore posted for the same period last year. In fact, banks in general have made a windfall from their […]

  • Close to Rs2.3cr loans may turn bad

    Close to Rs2.3cr loans may turn bad

    A senior financial analyst in the country forecasts that about Rs2.3 trillion of corporate loans will slip into bad loans in the next 12 to 18 months. Udit Kariwala, a senior analyst for financial institutions with India Ratings and Research said in a TV channel interview that his study found that around 2-2.5 per cent […]