CareEdge upgraded credit ratings of Bharat Wire Ropes says
– Company is doing debottlenecking capex of 50 cr which will increase capacity utilization
– The company also received subsidy worth ₹40 crore in FY24
and ₹14 crore in the current year, 50% of which, has been utilised towards prepayments of the term loans (per resolution plan).
– As of March 31, 2024, the company has a total PSI subsidy receivable of around ₹95 crore FinancialNews #StockMarket #Trading CareEdge upgraded credit ratings of Bharat Wire Ropes says
– Company is doing debottlenecking capex of 50 cr which will increase capacity utilization
– The company also received subsidy worth ₹40 crore in FY24
and ₹14 crore in the current year, 50% of which, has been utilised towards prepayments of the term loans (per resolution plan).
– As of March 31, 2024, the company has a total PSI subsidy receivable of around ₹95 crore FinancialNews #StockMarket #Trading
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US stocks rebounded on Monday on the heels of the S&P 500’s worst week since early 2023 as inflation came back into focus for investors gauging pressures that could influence the size of interest rate cuts.
The S&P 500 (^GSPC) climbed 1%, coming off a drop of 1.7% for the benchmark, as major US gauges closed with hefty losses. The Dow Jones Industrial Average (^DJI) jumped more than 400 points, or 1%, while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 1%. #commodity #StockMarket #Financial FinancialNews https://earnfree.in US stocks rebounded on Monday on the heels of the S&P 500’s worst week since early 2023 as inflation came back into focus for investors gauging pressures that could influence the size of interest rate cuts.
The S&P 500 (^GSPC) climbed 1%, coming off a drop of 1.7% for the benchmark, as major US gauges closed with hefty losses. The Dow Jones Industrial Average (^DJI) jumped more than 400 points, or 1%, while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 1%. #commodity #StockMarket #Financial FinancialNews https://earnfree.in
