Reliance Communications: Waiting to Exhale
Reliance Communications Ltd (RCOM IN) (RCOM) missed interest payments on its USD300m bonds (RCOMIN 6.5% 6Nov2020s) on 6-November-2017. RCOM was...
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India – Higher USD Debt with Weakening FX Rate Is Not a Good Combination
The INR (USDINR CURNCY) reached a new low at INR69.1 to the USD. This is despite the Reserve Bank of India’s (RBI) rate rise several weeks ago. ...
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ICICI Bank - New COO Cannot Turn The Titanic Around
* New COO, essentially replaces current CEO - who is under investigation; and * As discussed in our May 9, 2018 note, this bank is an absolute mess...
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HDFC Bank – Rocking and Rolling
* Solid Franchise Buttressed By Strong Three Year Plan;* NBFC is the Cherry On Top; and * SOE Bank Headaches Suggests Much Low Hanging Fruit....
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Jio Pressure Remains Intense on Incumbent Indian Telcos
We wrote recently about the pressure on Vodafone's (VOD LN) Indian subsidiary's merger with IDEA (IDEA IN). The combined business, assuming the...
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