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Major paper companies have had a good first quarter, backed by peak season demand from the education segment, which contributed to higher production and sales. Margins have been good on stable raw material pricing and absence of a significant cost push.
The rally in HDFC Bank post earnings, Reliance Industries, ITC and technology stocks helped the market end at fresh record closing high on Monday despite global weakness.
Overheated markets are a concern not just for equity investors, but for those investing in debt too.
MUMBAI Indian mutual funds need to improve their due diligence before investing in corporate bonds and not rely only on credit ratings given rising concerns about potential defaults, the chairman of Securities and Exchange Board of India (SEBI) said on Thursday.
Ballarpur Industries, or BILT, saddled with consolidated debt of over Rs6,000 crore, has also sought approval of shareholders to reclassify its authorised share capital
For the full year,net loss reported to Rs 470.54 crore in the year ended March 2017 as against net profit of Rs 21.65 crore during the previous year ended March 2016. Sales declined 61.76% to Rs 211.83 crore in the year ended March 2017 as against Rs 554.00 crore during the previous year ended March 2016.
IDBI Bank-promoted fund house, IDBI Mutual Fund has moved the National Company Law Tribunal or NCLT against Ballarpur Industries Ltd (BILT) for non-payment of maturity proceeds worth Rs 30 crore, sources aware of the development told Moneycontrol.
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B.K. Birla Group’s Century Textiles is in advanced talks to sell its paper business to JK Paper in a deal valuing the division at Rs5,000 crore by enterprise value
The share of corporate debt under stress rose during the first half of 2016-17, after improving in 2015-16.
Ballarpur Industries (BILT), a Gautam Thapar-controlled company for selling its Malaysian forest arm, Sabah Forest Industries, is reportedly is in talks with a Chinese giant, Nine Dragons.