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Stress to persist in FY ’15 said ICRA

Stress to persist in FY ’15 said ICRA
According to an ICRA study, in 2013-14 while the number of downgrades exceeded upgrades for the third consecutive year, with 602 downgrades and 559 upgrades, overall, 3.3 per cent companies moved to the default category as against 4.5 per cent in 2012-13. ICRA said ,“During the last fiscal while both the number and severity of [...] Continue Reading »

Empee enters realty sector

Empee enters realty sector
Empee Group, which is currently into the businesses of hospitality, liquor, sugar and power, is preparing to venture into the real estate sector. Initially, the focus would be on residential projects. The company would start two projects on a land bank of around 20 acre. It is planning to set up two residential projects with [...] Continue Reading »



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