LIVE MARKET TRACKER :   BSE SENSEX   27704.77      |    NSE NIFTY 8273.95    
GLOBAL MARKETS :  NASDAQ 4566.138   +0.37%    |    FSI London 6537.19   +1.14%    |    NIKKEI Japan 16413.76   +4.83%
  USD GBP EUR CAD AUD INR
USD - 0.6254 0.7958 1.1211 1.1353 61.38
GBP 1.5992 - 1.2727 1.7929 1.8156 98.162
EUR 1.2566 0.7859 - 1.4088 1.4266 77.1301
CAD 0.892 0.5579 0.7099 - 1.0127 54.7537
AUD 0.881 0.5509 0.7011 0.9877 - 54.0746
INR 0.0163 0.0102 0.013 0.0183 0.0185 -
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
Adani Power, Lanco Infratech, BPCL and Thermax to see some action today
(31-Oct-2014)

Adani Power, Lanco Infratech, BPCL and Thermax to see some action todayThe Competition Commission of India (CCI) has cleared Adani Power's proposed deal with Lanco Infratech to buy latter's 1,200-MW imported coal-fired power plant at Udupi in Karnataka for more than Rs 6,000......click on news to read complete article.

IL&FS Engineering, Kridhan Infra and GMDC to see some action today
(30-Oct-2014)

IL&FS Engineering, Kridhan Infra and GMDC to see some action todayIL&FS Engineering and Construction Company has won contracts from WBSEDCL (West Bengal State Electricity Distribution Company) for construction of Rural Electrification Infrastructure, Erection......click on news to read complete article.

Moody's retain negative outlook on Indian banks on high corporate leverage
(30-Oct-2014)

MoodyIn yet another worrying development for banking sector, international rating agency, Moody's while retaining its negative outlook for the Indian banking sector, has underscored that high leverage in the......click on news to read complete article.

International Stock News
US markets gain on encouraging GDP data
(31-Oct-2014)

US markets gain on encouraging GDP dataThe US markets closed higher on Thursday, as report showed faster-than-estimated growth in gross domestic product, fueling speculation that economy is strong enough to withstand higher interest rates.......click on news to read complete article.

US markets closed lower after Fed ends QE
(30-Oct-2014)

US markets closed lower after Fed ends QEThe US markets closed lower on Wednesday, with Dow Jones Industrial Average snapping a four-day winning streak, after the Federal Reserve made official its plans to end the last round of its recession-era......click on news to read complete article.

US markets climb higher ahead of FOMC meet
(29-Oct-2014)

US markets climb higher ahead of FOMC meetThe US markets rallied on Wednesday, ahead of the Federal Reserve's two-day policy meeting. Federal Reserve officials are widely expected to announce the end to the 2008-era bond-buying stimulus program,......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.