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Telecom major Bharti Airtel may face a rating downgrade in next 6-12 months if intense competition remains in the market and decreases its margins, Moody's Investors Service said while affirming Baa3 ratings with negative outlook to the company. "The ratings are likely to be downgraded within the next 6-12 months if heightened competition persists in its Indian wireless business, such that consolidated EBITDA or margins deteriorate further from current levels." CapitalHeight Provide 2 Days free Trial For both segment equity or Commodity.

    Private lender Bandhan Bank on Friday reported a 20.3 per cent rise in net profit at Rs 3.88 billion for the last quarter of 2017-18 fiscal on the back of healthy interest as well as non-interest income. The bank had registered a net profit of Rs 3.22 billion in the January-March quarter of 2016-17 fiscal. The net interest income (NII) for the quarter grew by 25.2 per cent to Rs 8.63 billion as against Rs 6.89 billion in the same quarter year earlier.

     The Centre has a surplus of Rs 20,000 crore in the GST cess fund as of March 31 which will be used to compensate the states for revenue shortfall suffered due to the roll out of the Goods and Services Tax.In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods. This amount will make up for the compensation kitty used to make good for any revenue shortfall faced by states on implementation of GST. However, the compensation released to the states for July till February was Rs 41,147 crore to ensure that the revenue of the states is protected at the level of 14 per cent over the base year tax collection in 2015-16.For More click here:Capitalheight