The CEO at Crisil, the biggest rating company in India, has revealed that private sector capex in the Indian economy has reached a critical stage and is beginning to flow.
Muthoot FinCorp’s non-convertible debentures (NCDs) have opened for subscription, offering investors the opportunity to earn between 9.26% and 9.75% income per annum. The company plans to raise Rs 300 crore through this debenture issue.
The global chip shortage appears to be easing, bringing hope to automobile makers and their supply chains. This development is expected to positively impact the automobile industry. Find out more about the implications of the chip shortage easing.
The credit rating of Naveen Munjal-led Hero Electric Vehicles Private Ltd has been downgraded after the company defaulted on its loans as it faces a liquidity crunch with government subsidies withheld. Crisil downgraded Hero Electric’s ratings to signify the company’s financial difficulties.
