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Discoms are the weakest link in the electricity value chain with poor payment records not only adversely affecting power generation firms, but also contributing to the stress in the banking sector.
Discoms are the weakest link in the electricity value chain with poor payment records not only adversely affecting power generation firms, but also contributing to the stress in the banking sector.

Discom dues to hit all-time high of 4.5 tn: Crisil

Power distribution firms are the weakest link in the electricity value chain with poor payment records

Bollywood actor Sonu Sood hired buses to ensure that migrants working in Mumbai have a safe passage to their native places.  (Photo: PTI)
Ram Madhvani (Photo: HT)
A shopkeeper hangs clothes outside his shop after the authorities permitted to open their establishments with certain restrictions, during the ongoing Covid-19 lockdown, at Dadar in Mumbai, Friday (Photo: PTI)
Asus and Xiaomi aren’t the only ones who have witnessed a surge in demand post the lockdowns.
Facing a collapse in demand from the COVID-19 pandemic, the company has previously announced the temporary shutdown of five of its 15 blast furnaces (Bloomberg)
Facing a collapse in demand from the COVID-19 pandemic, the company has previously announced the temporary shutdown of five of its 15 blast furnaces (Bloomberg)

Nippon Steel to renovate blast furnace at Nagoya for $450 million

  • The world's third-biggest steelmaker by crude steel output also said it would step up plans to shrink its assets to help improve its financial health
  • Facing a collapse in demand from the COVID-19 pandemic, the company has previously announced the temporary shutdown of five of its 15 blast furnaces

Shares of IndusInd have fallen 72% this year on concerns about the founders borrowing money against its shares, worsening asset quality, and erosion of low-cost deposits  ( Photo: Mint)
Shares of IndusInd have fallen 72% this year on concerns about the founders borrowing money against its shares, worsening asset quality, and erosion of low-cost deposits ( Photo: Mint)

RBI said to push back on Hindujas’s plan to raise IndusInd stake

Hinduja brothers’ had applied to the RBI for approval to raise their stake in IndusInd Bank to 26% from less than 15%

Poor payment records of state-owned discoms have not only adversely affected power generation companies, but have also contributed to stress in the banking sector. Photo: Aniruddha Chowdhury/Mint (Aniruddha Chowdhury/Mint)
Poor payment records of state-owned discoms have not only adversely affected power generation companies, but have also contributed to stress in the banking sector. Photo: Aniruddha Chowdhury/Mint (Aniruddha Chowdhury/Mint)

States power discoms debts to hit all-time high of 4.5 trillion: Crisil

  • With power demand weak and cash losses high amid the Covid-19 pandemic, discoms would end up owing lenders a staggering 4.5 lakh crore by the end of this fiscal, or 30% more than last fiscal

The challenge for DTH operators is graver given that there is hardly any fresh content on television as of now, (Photo: iStock) (iStock )
Malls, restaurants, and religious places can reopen from 8 June under the phased exit from the lockdown. (Photo: Ramesh Pathania/Mint)
Digital is no longer the prerogative of IT companies as it has percolated down to organisations across sizes and sectors (Photo: Bloomberg)
A file photot of a family at the screening of a Kannada film. (Photo: Sameer Raichur)
A file photot of a family at the screening of a Kannada film. (Photo: Sameer Raichur)

Migrants exodus: Film industry loses workers and audience

  • As India went into lockdown more than two months ago and production of all film, TV and web productions halted, marginal workers employed in the art, costume and light departments of sets were the worst hit

Facebook will look into sources of funding and correctional policies or procedure followed by media companies for complaints. (Photo: Reuters)
Facebook will look into sources of funding and correctional policies or procedure followed by media companies for complaints. (Photo: Reuters)

Facebook starts labelling state-controlled media

  • To develop a criteria to identify media organisations that are under government influence, Facebook consulted over 65 global experts from media, governance, and human rights

Signage for Tata Power Co. stands in Jamshedpur.  (Bloomberg )
Interested NBFC players say they would require funding from banks to on-lend to small business owners. (Mint)
Representative photo
Reforms in the agriculture sector will boost farmers’ incomes, said Marico MD & CEO Saugata Gupta. (Mint)
From left) Suresh Narayanan of Nestle India, Saugata Gupta of Marico Ltd, Arvind Mediratta of Metro Cash & Carry and Angshu Mallick of Adani Wilmar
From left) Suresh Narayanan of Nestle India, Saugata Gupta of Marico Ltd, Arvind Mediratta of Metro Cash & Carry and Angshu Mallick of Adani Wilmar

FMCG recovery hinges on revival of rural demand

  • Thanks to a bumper crop this year, rural demand is likely to remain strong, which, in turn, will aid revival in demand
  • If firms spend more on improving their work culture, then there will be better-run companies

FMCG makers say that as eating out is not an option, people will try and replicate dishes they usually order at restaurants.
Elevated levels of pulses inflation are among the pressure points.bloomberg
Elevated levels of pulses inflation are among the pressure points.bloomberg

Inflation fears rise in households: RBI poll

  • The central bank’s rate-setting committee believes that the supply shock to food prices in April may persist over the next few months
  • India’s economic growth slumped to 3.1% in the March quarter, the slowest pace in 11 years

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