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DHFL shares tumble 11% on rating downgrade

CRISIL has downgraded its rating on the commercial paper of Dewan Housing Finance Corporation Ltd to 'CRISIL A3+' from 'CRISIL A2+'

The two primary concerns emanate from capacity and the fear of costs going up in the future, a senior functionary of the Express Industry Council of India said
The industry body said that infrastructure financing should ideally be carried out by specialist players like Infrastructure Finance Companies
Apart from surging oil prices, higher demand for the greenback from importers and banks as well as the lower opening of the equity markets have weighed on the rupee
After several leaks, Realme 3 Pro was launched in India for a price of Rs 13,999 for the 4GB RAM and 64 GB storage variant
Besides, the details of CPSEs or entities due to guarantee fee paid on time to the government should also be submitted
Samsung has hailed the folding design as the future in a field that has seen a few surprises since Apple Inc's iPhone in 2007
The cumulative traffic of domestic carriers stood at 171.25 million for the full year to March 2019, registering a growth of 14.25 per cent
Global benchmark Brent crude climbed to a multi-month high of USD 73.81 per barrel, a 2.56 per cent rise
A string of bombings at churches and luxury hotels across Sri Lanka killed 290 people and wounded about 500 in Sunday's attacks
The American fund has entered into a definitive agreement with Ashok Goel Trust, which owns 57 percent in Essel Propack, the company said.
Apple and Google have already blocked the download of the app from Play Store and App Store respectively