CRISIL allocates A1+ credit rating to Phillips Carbon Black debt instrument
Fri, Jul 9, 2021 10:15 AM

CRISIL allocates A1+ credit rating to Phillips Carbon Black debt instrument

A Flip by Flipitnews
Get it on Google Play
CRISIL Ratings assigned a CRISIL A1+ rating to the Rs550cr Commercial Paper programme (debt instrument) of Phillips Carbon Black Limited. At around 10.00 AM, Phillips Carbon Black Ltd was trading at Rs238.30 per piece up Rs1.85 or 0.77% from its previous closing of Rs240.15. Phillips Carbon Black, a part of RP-Sanjiv Goenka Group, was set up by Mr. K. P. Goenka in 1960, for importing carbon black.

More great flips

Meet Wall Street's Newest Artificial Intelligence (AI) Stock-Split Stock

Meet Wall Street's Newest Artificial Intelligence (AI) Stock-Split Stock

Broadcom (NASDAQ: AVGO) is a tech conglomerate with operations in the semiconductor space, cybersecurity, and even cloud software, which it has built both organically and through a wave of acquisitions. Broadcom stock soared 530% over the last five years, carrying it to a price of $1,679 as of this writing.

Open Flip
Could This Artificial Intelligence (AI) Stock Be the Next Nvidia?

Could This Artificial Intelligence (AI) Stock Be the Next Nvidia?

Intel is poised to regain technology leadership in the semiconductor sector, investing heavily in manufacturing and attracting co-investors like Apollo and the U.S. government. Intel expects to produce semiconductors with 1.8nm transistors by 2025, outpacing Taiwan Semiconductor Manufacturing. Meanwhile, Intel's AI accelerators are expected to generate $500 million in revenue.

Open Flip
Godawari Power to buy back ₹301 crore shares at ₹1,400 each, board approves

Godawari Power to buy back ₹301 crore shares at ₹1,400 each, board approves

Godawari Power and Ispat's board approved a share buyback of up to 21.5 lakh equity shares at ₹1,400 per share, amounting to ₹301 crore, representing 1.64% of the company's total paid-up equity share capital. This is the company's second buyback, following a ₹250 crore buyback last year. The move aims to return cash to investors in a tax-efficient manner.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon