Indian developer rupee bond sales have slumped to the lowest in almost four years.
The cash crunch for the industry is threatening consumption, which is the backbone of the economy, say economists.
Canara Robeco Asset Management is exercising caution on investments in short-term debt issued by NBFCs.
The next focus of risk for the nation’s oldest mutual-fund company now are the upcoming elections.
IL&FS Seeks Shareholder Approval to Sell Equity and Assets
The worst liquidity squeeze in more than two years is also making bond sales tougher.
Small Industries Development Bank of India has filed an insolvency plea against IL&FS
The liquidity problems at IL&FS are raising concern about broader fallout among Indian lenders.
IL&FS Group reported losses before tax of 21.1 billion rupees in the year to March 31
UTI buying more top-rated corporate notes in flagship fund.
Rupee is likely to stabilise over the next few years, attracting international investors back to the debt market.
Audit firms of 30 Indian listed companies have resigned in 2018 owing to corporate fraud, governance lapses.
Minda Industries returned 107% to investors over 5 years.
Eight of top 15 industrial firms worldwide are based in India.
The plan is to attract youth in villages and small towns.
“Hope and euphoria” resonate through consumer habits during elections. And that’s great for these companies.