Adqi News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Adqi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Adqi Today - Breaking & Trending Today
Reflecting an improvement in the asset quality profile of rated entities, the reading on the CARE Debt Quality Index (CDQI) inched up sequentially by 33 basis points to 88.94 in April 2021 from 89.51 in March 2021. CDQI denotes the quality of debt that can be interpreted over time and juxtaposed with other developments in the financial sector. The CDQI captures, on a scale of 100 (index value for the base year FY12), whether the quality of debt is improving or declining. Intuitively an upward movement indicates improvement in quality of debt benchmarked against the base year, CARE Ratings said in a statement. The improvement in April was supported by enhancements in higher rated debt instruments. As it is contemporary with minimum time lags, the health of the debt and credit markets is encapsulated on a near-real-time basis. ....
Biocon net profit down 18 per cent to ₹169 cr on Covid impact January 22, 2021 RELATED Kiran Mazumdar-Shaw expects normalisation of operational functions by next fiscal Biocon Limited, an innovation led global biopharma company, despite driven good revenues from research services and bio-similars business, has posted 18 per cent lower profits at ₹169 crore for the third-quarter of FY 2020-21 on consolidated basis as against ₹206 crore posted last year. However, the company’s revenues are higher by 7 per cent to ₹1,879 crore as against ₹1,753 crore in the same period last year. EPS for the quarter stood at ₹1.43 compared with ₹1.74 last year. Kiran Mazumdar-Shaw, executive chairperson, Biocon said, “The quarter was driven by 13 per cent growth in research services, and 11 per cent in bio-similar business segments. EBITDA for the quarter stood at ₹427 crore. ....