D R Dogra, managing director and CEO, Care Ratings, says that the finance minister should start the process of fiscal consolidation from his Budget 2010-11.
Companies with more than Rs 10,000 crore of debt would seek refinancing.
Revivals nearly double q-o-q to 36 in September, highest in 3 years
Congestion on Mumbai roads has become chronic.
The depreciation in the yuan has led to a decline in all emerging market currencies
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
Banks will need more funds, as they have to provide more capital.
Tata Steel, others sell assets abroad after taking massive impairments.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Bankers say it's a question of survival for debt-heavy companies.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
Russia's central bank early on Tuesday raised interest rates to 17 per cent to counter the 50 per cent rouble fall in six months.
Case relates to alleged irregularities in '08 sanction to MCX-SX; Shah grilled in NSEL case.
China has cast a long shadow on India's economy.
It, however, lags other states on crucial parameters such as health care and rural poverty.
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