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Sumit Thakur, chief public relations officer of Western Railway, said, “After completing trials, WR will induct these coaches in Duranto trains very soon.” ....
Govt to sell 20% in NFL, 10% in RCF via offer for sale The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers by May 5 for managing the proposed share sales. The government will sell up to 20 per cent stake in National Fertilizers Ltd (NFL) and 10 per cent in Rashtriya Chemicals and Fertilizers (RCF) through an offer for sale in the current fiscal. The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers by May 5 for managing the proposed share sales. The government holds 74.71 per cent in NFL and 75 per cent in RCF. ....
Breitling Financing S.a r.l. Moody s changes Breitling s outlook to stable from negative, affirms B3 rating Read full article March 15, 2021, 7:45 AM·15 min read Rating Action: Moody s changes Breitling s outlook to stable from negative, affirms B3 ratingGlobal Credit Research - 15 Mar 2021Paris, March 15, 2021 Moody s Investors Service ( Moody s ) has today changed the outlook of Breitling Holdings S.a r.l. s (Breitling) to stable from negative. Concurrently, Moody s has affirmed the company s B3 corporate family rating (CFR) and its B3-PD probability of default rating (PDR). Moody s has also affirmed the B3 instrument ratings assigned to the EUR514 million guaranteed senior secured term loan B (EUR 512 million outstanding) and the CHF80 million guaranteed revolving credit facility (RCF, currently undrawn) borrowed by Breitling Financing S.a r.l. The outlook on both entities has changed to stable from negative. The stabilization of the outlook reflects Breitling ....
Shares of public sector undertaking (PSU) firms continued to be on a roll with the S&P BSE PSU index hitting a 16-month high in Tuesday s intraday trade. The index has rallied 27 per cent since February 1 as the PSU companies and banks got a new lease of life after the government presented the budget for the financial year 2021-22 (FY22). The S&P BSE PSU index hit an intra-day high of 7,292, its highest level since November 2019. In the month of February, the PSU index had posted its biggest monthly gain in nearly seven years. The index rallied 22.5 per cent in February 2021, recording its biggest monthly rally since May 2014, when it had zoomed 24.05 per cent. ....