LIVE MARKET TRACKER :   BSE SENSEX   26787.23      |    NSE NIFTY 7995.90    
GLOBAL MARKETS :  NASDAQ 4382.847   -0.83%    |    FSI London 6399.73   +0.43%    |    NIKKEI Japan 15195.77   +2.64%
  USD GBP EUR CAD AUD INR
USD - 0.6233 0.7907 1.1238 1.1408 61.22
GBP 1.6045 - 1.2687 1.8032 1.8304 98.2293
EUR 1.2649 0.7884 - 1.4214 1.4429 77.4341
CAD 0.8899 0.5547 0.7037 - 1.0152 54.4807
AUD 0.8768 0.5465 0.6933 0.9853 - 53.6765
INR 0.0163 0.0102 0.0129 0.0184 0.0186 -
Indian-Commodity  :  Corporate  :  ICRA reaffirms long term and short term ratings for Uniproducts's bank facilities

ICRA reaffirms long term and short term ratings for Uniproducts's bank facilities (30-Nov-2012)

ICRA has reaffirmed a long-term rating of 'BBB-' and short term rating of 'A3; for the Rs 105.52 crore bank facilities of Uniproducts (India). The above ratings, which were put on “Rating watch with developing implications”, have now been taken off the Rating Watch. The Outlook on the long-term rating is 'Stable.'

The ratings continue to take support from UPL's strong market position in the Noise, Vibration and Harshness (NVH) products, healthy share of business with its OEM customers for its products and financial support from the promoters through equity infusion in H1 2012-13.

The ratings were earlier put on rating watch amid the lockout at the Manesar (Haryana) plant of Maruti Suzuki India (MSIL), the key customer of UPL, which had disrupted production output of the company. While the recent lock-out at MSIL had a short-term impact on the financial performance of UPL, its impact on the financial risk profile may not be material. With the resumption of production at MSIL's Manesar facility, UPL's production levels have returned to relatively normal levels.

Uniproducts (India) (UPL) was incorporated as International Spinners Company with the objective of manufacturing non-woven products.


Top News Today
RIL, Lupin and NMDC to see some action today
(22-Oct-2014)

RIL, Lupin and NMDC to see some action todayReliance Industries' (RIL) telecom arm - Reliance Jio Infocomm is merging its two subsidiaries, Infotel Telecom and Rancore Technologies, with itself. The move is aimed at bringing all its telecom related......click on news to read complete article.

ONGC, Hero MotoCorp and SAIL to see some action today
(21-Oct-2014)

ONGC, Hero MotoCorp and SAIL to see some action todayThe Government plans to offload a portion of its stake in ONGC by the first week of November. The move is expected to speed up the Government's disinvestment programme, which has been hanging fire for......click on news to read complete article.

RBI governor hopes the economy to grow by 5.5% this year
(17-Oct-2014)

RBI governor hopes the economy to grow by 5.5% this yearReserve Bank of India (RBI) governor Raghuram Rajan has expressed hopes on the Indian growth story and has said that the country is seeing a pick-up in economic growth and more can be done to support it......click on news to read complete article.

International Stock News
US markets close higher; S&P rallies for fourth day
(22-Oct-2014)

US markets close higher; S&P rallies for fourth dayThe US markets closed higher on Tuesday, delivering another day of gains for major indexes on the heels of upbeat quarterly results from tech giant Apple and talk of economic stimulus in Europe. By far......click on news to read complete article.

US markets close higher on optimism over corporate earnings
(21-Oct-2014)

US markets close higher on optimism over corporate earningsThe US markets closed higher on Monday, with equity investors beginning the week on positive note, as optimism over corporate earnings spurred a rebound from last week's selloff. That's two straight positive......click on news to read complete article.

US markets closed higher; Dow snaps 6-day losing streak
(18-Oct-2014)

US markets closed higher; Dow snaps 6-day losing streakThe US markets closed higher on Friday, with Dow snapping 6-day losing streak, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.