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CARE Debt index improves by 33 bps in April on better asset quality

Reflecting an improvement in the asset quality profile of rated entities, the reading on the CARE Debt Quality Index (CDQI) inched up sequentially by 33 basis points to 88.94 in April 2021 from 89.51 in March 2021. CDQI denotes the quality of debt that can be interpreted over time and juxtaposed with other developments in the financial sector. The CDQI captures, on a scale of 100 (index value for the base year FY12), whether the quality of debt is improving or declining. Intuitively an upwar...
Equality Index Care Ratings Debt Index Sset Quality Performance Credit Markets Debt Quality Index

Biocon net profit down 18 per cent to ₹169 cr on Covid impact

Biocon net profit down 18 per cent to โ‚น169 cr on Covid impact January 22, 2021 RELATED Kiran Mazumdar-Shaw expects normalisation of operational functions by next fiscal Biocon Limited, an innovation led global biopharma company, despite driven good revenues from research services and bio-similars business, has posted 18 per cent lower profits at โ‚น169 crore for the third-quarter of FY 2020-21 on consolidated basis as against โ‚น206 crore posted last year. However, the companyโ€™s revenues ar...
Kiran Mazumdar Shaw Biocon Biologics Goldman Sachs Biocon Limited Insulin Aspart Q3 Results

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