ICRA on Tuesday said corporate bond issuances are likely to rise to Rs 10.6 trn in FY25 from Rs 10.2 trillion in FY24 . Accordingly, the overall corporate bond outstanding is likely to increase to Rs 50.3 trillion by March 2025, a y-o-y growth of 9.5%.Yield on government bonds is likely to remain range-bound, driven by demand from foreign portfolio flows due to their inclusion in global indices.
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Grindwell Norton Q4 Results: Grindwell Norton declared their Q4 results on 06 May, 2024. The topline increased by 3.95% & the profit decreased by 6.67% YoY. Compared to the previous quarter, the revenue grew by 4.72% and the profit increased by 0.49%. The Selling, general & administrative expenses rose by 14.74% q-o-q & increased by 6.17% Y-o-Y. The operating income was down by 4.11% q-o-q.
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Rapicut Carbides Q4 Results: Rapicut Carbides announced their Q4 results on 06 May, 2024, showing a 7.72% increase in revenue compared to the same period last year. The company reported a profit of ₹0.53 crore in Q4, a significant turnaround from the loss of ₹0.34 crore in the previous fiscal year's same period. Quarter-on-quarter, the revenue grew by 10.84%.
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