International News
India Ratings Maintains Negative Outlook On NBFCs, Housing Finance Companies For Second Half Of FY21
Domestic rating agency India Ratings and Research on Thursday said it has maintained a negative outlook on Non-Banking Financial Companies and Housing Finance Companies for the second half of 2020-21.
It said growth in assets under management would be flattish for NBFCs as against its earlier estimate of 8-10% year-on-year, and in lower single digits for HFCs in 2020-21. “We have maintained a negative outlook on the non-banking finance company (NBFC, retail and wholesale) and housing finance company sectors for 2HFY21, amid Covid-19 related business disruptions,” the rating agency said.
It said that considering the unabated spread of the virus at pan-India level, time required for NBFC operations to return to normalcy could be prolonged.
Although the liquidity and funding environment has improved for better-rated entities after July, there would be asset quality issues impacting overall profitability in 2020-21 and beyond, it said.
While it has a negative outlook on most of the asset classes, the rating agency has maintained a stable outlook on securitisation transactions for the second half of 2020-21. It was backed by home loans, vehicle loans, secured business loan (loans against property) pools, given the seasoning and credit enhancement build-up in these transactions.
However, it has revised its outlook to negative from stable for the securitisation transactions backed by microfinance loans, unsecured business loans and construction equipment loans because of the uncertainty around slippages after moratorium.
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Entertainment.
Husband Mark Zuckerberg fulfils ‘disco queen’ Priscilla Chan’s demand for a party and how
Mark Zuckerberg’s party for Priscilla Chan has won people over. Many were surprised by the tech billionaire’s makeover.
Mark Zuckerberg never shies away from sharing glimpses of his sweet and heartwarming moments with his family. From sharing pics of a statue of his wife, Priscilla Chan, to turning into a nail artist for his daughter, he regularly posts visuals which wow people. In a similar post, he shared pictures to show what he did when his “disco queen” wife asked for a party.
“Disco queen wanted a party,” Zuckerberg wrote as he posted the pictures. The first photo shows the couple sharing an intimate moment while kissing each other. The other images show them enjoying the party, with both dressed in shimmery clothes.
What did social media say?
“I always knew you were this cool,” posted an Instagram user. “He changed after attending Ambani’s wedding,” joked another. This has been a viral remark after Mark Zuckerberg’s recent wardrobe update, including Hawaiian shirts and a thick gold chain, which coincidentally happened after he attended Anant Ambani and Radhika Merchant’s first pre-wedding festivities.
“Absolutely enjoying this beautiful life,” commented another. A third expressed, “Zuck’s glow up needs to be studied in universities.” A fourth shared, “Couple goals!”
Also Read: ‘All unacceptable to share publicly’: Mark Zuckerberg talks about his favourite memes. Watch
A fifth wrote, “Priscilla is on fire! And you too.” Many reacted to the post using heart or fire emoticons.
Roman-inspired statue
A few days ago, the Meta CEO unveiled a giant statue in his backyard. Created by Daniel Arsham, it is a larger-than-life statue of his wife.
He met Priscilla Chan at Harvard University in 2003 as a student. The couple later got married in 2012. They have three daughters: Maxima, August (born August 2017), and Aurelia.
What are your thoughts on these pictures Mark Zuckerberg shared of a party he hosted for his wife, Priscilla Chan?
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