Editor 
Dhampur Sugar Mills has started production of hand sanitizers at its unit at Sambhal in Uttar Pradesh with the effect from April 03, 2020. Earlier, the company had also started production of hand sanitizers at Bijnor unit from March 29, 2020. Dhampur Sugar Mills is engaged in the manufacturing of sugar, ethanol, chemicals and plantation … Read more
Manali Petrochemicals has restarted production of Propylene Glyco from April 03, 2020 from both the plants of the company. Resumption of production of the other products will be decided in due course. Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two … Read more
The credit rating agency — Moody’s Investors Service has revised the outlook for AXIS Bank from stable to negative. Further, it has downgraded the counterparty risk assessments of the Bank to Baa3(cr)/P-3(cr) from Baa2(cr)/P-2(cr), and the local currency counterparty risk rating of the Bank to Baa3/P-3 from Baa2/P-2. Axis Bank is the third largest private … Read more
The credit rating agency — Moody’s affirmed the deposit ratings of ICICI Bank at Baa3. The Bank’s baseline credit assessment (BCA) and adjusted BCA are also affirmed at ba1. Moody’s has lowered the counterparty risk assessment from Baa2(cr)/P-2(cr) to Baa3(cr)/P-3(cr) and the local currency counterparty risk rating from Baa2/P-2 to Baa3/P-3. The outlook on the … Read more
HDFC Bank’s advances has increased to approximately Rs 9,930 billion as of March 31, 2020, a growth of around 21% as compared to Rs 8,194 billion as of March 31, 2019 (Rs. 9,360 billion as of December 31, 2019). The Bank’s deposits aggregated to approximately Rs 11,465 billion as of March 31, 2020, a growth … Read more