India Ratings and Research Ind-Ra said in a note that Impact of the Covid 19 pandemic could result in an (additional Rs 1.67 lakh crore of debt slipping into non performing asset) (NPA) between the current and next financial years
The rating agency analysed (top 500 debt-heavy private sector borrowers) and said the additional stressed loans will take the cumulative quantum of delinquent loans to (Rs 4.21 lakh crore over the FY21 and FY22.)
“This is over and above the (Rs 2.54 lakh crore anticipated prior to the onset of pandemic.) (It constitutes 6.63% of the total debt) (previous estimate: 4%). Given that (11.57% of the outstanding debt is already stressed), the proportion of stressed debt is (likely to increase to 18.21% of the outstanding quantum),”. Ind-Ra said.
The agency believes that in the worse case scenario wherein funding markets continue to exhibit heightened risk aversion, corporate stress could increase further by (Rs 1.68 lakh crore resulting in Rs 5.89 lakh crore of corporate debt) (9.27% of the total debt) becoming stressed in FY21-FY22.
Tata Consumer Products To Emerge As Full-Fledged FMCG Company.
Tata group chairman N Chandrasekaran said that Tata Consumer Products Ltd., formed recently by the merger of Tata Global Beverages and Tata Chemicals, is aiming to be a full-fledged FMCG company.
The merger, which took effect from February, will provide a (broader exposure to growth and opportunities in the FMCG space)
He also said the (Covid-19 pandemic impacted business in the last quarter of 2019-20) and the first quarter of the current fiscal. The company is expecting a slow recovery of the supply chain and they expect the pandemic to continue in the near term and the (company is positive about the current fiscal and beyond.)
He said the company will (strengthen distribution and marketing channels so that its products are available nationwide). It will also bolster (presence in the U.S., U.K. and Canada.)
Chandrasekaran said during the last financial year, (Tata Starbucks opened 39 outlets, taking the total to 185 across the country.)
HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 10 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India’s Leading online business channel http://www.hybiz.tv
► like us on Facebook: http://www.facebook.com/hybiz
► Watch More Videos on http://www.youtube.com/hybiztv
► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu
►Follow us on Twitter https://twitter.com/hybiztv