ECL Finance (ECLF) today said it will raise up to Rs 2,000 crore through a pubic issue of bonds.
The mutual fund industry picked up in June with total net inflows of Rs 46,475 crore as against net outflows of Rs 50,000 crore in May, rating agency ICRA said.
Securitisation volumes surged by 128 per cent year-on-year to Rs 32,300 crore during the June quarter, the highest ever recorded in the first quarter, on clarity over GST and a low base,rating agency Icra said.
Domestic commercial vehicle (CV) industry is expected to grow in the range of 9-11 per cent this fiscal, driven by pick up in the infrastructure projects and industrial activity, as per a report by ratings agency Icra.
The Indian logistics sector is expected to grow at 8-10 per cent over the medium term, domestic ratings agency ICRA said today.
The domestic pharmaceutical sector is likely to register a moderate, single-digit revenue growth in the current fiscal year, on slowing US market growth, increased competition and regulatory overhang, a report said.
The auto component industry is likely to grow at 10-12 per cent annually in the long term on rising rural income, higher disposable income and continued infrastructure activity, according to a report.
Regulatory overhang on the hospitals sector is likely to persist, with further pricing restriction expected on products and services in the future, according to rating agency Icra.
IIFL Management Services today sold 3.3 lakh shares of rating agency ICRA for a little over Rs 108 crore through an open market transaction.
Toll exemption for small vehicles and state transport buses offered by a few state governments is emerging as one of the major risks for road developers, particularly working on the state-led build operate transfer (BOT) model, according to a report.