Centre's interest waiver policy is manageable, say analysts

State Bank of India’s new chairman Dinesh Khara in his first press interaction refused to comment on the issue as the matter is subjudice.

States may cut FY21 capex by Rs 3 lakh crore, says ICRA

ICRA has projected that the gap between the GST compensation requirement and the cess collections for FY21 will be Rs 2.9 lakh crore

For small pharma manufacturers it will lead to a complete halt in production.

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial year.

ICRA VP and Co-Head, Corporate Sector Ratings, Kinjal Shah said, ‘Growth in industry capacity continued to be muted in July 2019 at 3.5pc.’

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.

The scrip dropped 5.23 per cent to close at Rs 3,050.10 on BSE. During day, it tanked 8.83 per cent to Rs 2,934.

DHFL only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday.

The infrastructure sector is also looking at further steps to improve long-term funding availability for the sector.