Latest news with #KCP
The Hindu
13 hours ago
- Politics
- The Hindu
Security forces arrest seven militants in Manipur
Security forces have arrested seven militants belonging to various proscribed outfits in Manipur, police said on Friday (June 20, 2025). All arrests were made on Wednesday (June 18, 2025) and Thursday (June 19, 2025) from Imphal West, Tengnoupal, Kakching and Bishnupur districts, they said. Two active cadres of the banned Peoples' Liberation Army were apprehended from Wangoi Bazar in Imphal West district, an officer said. On 19.06.2025, Manipur Police arrested 02 (two) active cadres of RPF/PLA from Wangoi Bazar under Wangoi-PS, Imphal West District. They are identified as:- i) Leimapokpam Somendro Singh (47) of Leimapokpam Awang Leikai, Bishnupur District and ii) Tayenjam Haridas (44) of… — Manipur Police (@manipur_police) June 19, 2025 The central forces arrested one each belonging to the proscribed United National Liberation Front (Koireng) and outlawed PREPAK (Pro) from the vicinity of the border pillar 87 along the India-Myanmar border in Tengnoupal district. One active member of the banned KCP (PWG) was held from the Sekmaijing Khunou area in Kakching district, another police officer said, adding that the accused was involved in extortion activities in the valley area. One woman cadre of the outlawed KCP (PSC) was apprehended from Phaknung Thongkhong in Imphal East district on Wednesday. Another active member of the proscribed outfit Prepak was arrested from Kwakta Terakhongshangbi Bazar in Bishnupur district for allegedly being involved in extortion activities. Arms and ammunition were seized from his residence on Wednesday, the officer added. Security forces have been conducting search operations in Manipur since ethnic violence broke out two years ago. More than 260 people have been killed and thousands rendered homeless in ethnic violence between Meiteis and Kuki-Zo groups since May 2023. Also read: How is President's Rule imposed? | Explained The Centre had on February 13 imposed the President's rule in Manipur after Chief Minister N. Biren Singh resigned. The State Assembly, which has a tenure till 2027, has been put under suspended animation.
Yahoo
12-06-2025
- Business
- Yahoo
KBRA Credit Profile Releases CREFC June Conference 2025: Day 3 Recap
NEW YORK, June 12, 2025--(BUSINESS WIRE)--KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 3 recap of the Commercial Real Estate Finance Council (CREFC) June Conference 2025. Key Takeaways Labor cost inflation remains a major development obstacle, particularly as stricter immigration enforcement contributes to staffing shortages and project delays. Rising operating expenses are prompting CRE owners to defer nonessential capital improvements, especially in multifamily, to protect cash flow. Tariffs remain a wildcard for CRE, with panelists expressing mixed views on their potential impact and stressing the importance of trade policy stability for market confidence. Although new hotel development can cost up to 40% more than acquiring existing assets, newer properties often outperform due to sponsor experience and market expertise. Upscale and luxury hotels are outperforming limited-service segments, supported by affluent consumer demand and fewer deferred maintenance issues. Office lending is showing signs of life, led by commercial mortgage-backed securities (CMBS), with office potentially growing to 25% of conduit issuance. Recapitalizations remain a key theme for aging office stock, with family offices and sovereign wealth funds stepping in as private equity holds back. Click here to view the report. Recent Publications CREFC June Conference 2025: Day 1 Recap CREFC June Conference 2025: Day 2 Recap About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1009905 View source version on Contacts Daniel Greathouse, Senior Analyst, KCP+1 Michael Ellis, Associate Director, KCP+1 Brian Quintrell, Director, KCP+1 Media Contact Adam Tempkin, Senior Director of Communications+1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
KBRA Credit Profile Releases CREFC June Conference 2025: Day 2 Recap
NEW YORK, June 11, 2025--(BUSINESS WIRE)--KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 2 recap of the Commercial Real Estate Finance Council (CREFC) June Conference 2025. Key Takeaways Capital markets remain resilient despite a slowdown in originations, with a continued shift to five-year and bridge-to-bridge structures. Servicers flagged growing loan complexity and increased fraud risk as areas of concern, prompting the need for stronger compliance protocols and the adoption of technology-driven tools. B-pieces tied to 10-year loans can be acquired at a discount; however, these are viewed as difficult to underwrite and rate stability was cited as a critical factor for restoring deal flow and borrower confidence. Insurance companies are shifting from core lending to value-add-strategies, often through asset manager partnerships, driving broad CRE debt competition. Tighter bank regulation and a looming wave of $2.1 trillion in CRE loan maturities has highlighted the need for alternative lenders to fill gaps in the CRE lending market. Click here to view the report. Recent Publication CREFC June Conference 2025: Day 1 Recap About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1009889 View source version on Contacts Vivek Kadiwar, Senior Analyst, KCP+1 Nick Heller, Associate Director, KCP+1 Maverick Force, Senior Director, KCP+1 Patrick Czupryna, Managing Director, KCP+1 Media Contact Adam Tempkin, Senior Director of Communications+1
Business Standard
28-05-2025
- Business
- Business Standard
K C P consolidated net profit declines 32.38% in the March 2025 quarter
Sales rise 1.62% to Rs 634.78 crore Net profit of K C P declined 32.38% to Rs 37.59 crore in the quarter ended March 2025 as against Rs 55.59 crore during the previous quarter ended March 2024. Sales rose 1.62% to Rs 634.78 crore in the quarter ended March 2025 as against Rs 624.69 crore during the previous quarter ended March 2024. For the full year,net profit declined 21.99% to Rs 147.09 crore in the year ended March 2025 as against Rs 188.55 crore during the previous year ended March 2024. Sales declined 11.15% to Rs 2528.94 crore in the year ended March 2025 as against Rs 2846.39 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 634.78624.69 2 2528.942846.39 -11 OPM % 16.1218.22 - 13.1012.44 - PBDT 115.91120.08 -3 360.38382.88 -6 PBT 95.3398.14 -3 275.43293.53 -6 NP 37.5955.59 -32 147.09188.55 -22
Economic Times
23-05-2025
- Business
- Economic Times
Saurabh Mukherjea says his portfolio ready to climb walls of worry, backed by 3 factors
With storm clouds gathering over India's macroeconomic horizon and the tariff wars, star investor Saurabh Mukherjea is standing firm, armed with a concentrated portfolio, valuation discipline, and a pile of dry powder wherever needed. ADVERTISEMENT 'The macro-economic environment is going through a period of weakness,' Mukherjea warned, citing a confluence of domestic and global pressures. 'Rising household debt, weak capex, sluggish job creation, and slowing consumption demand' at home are being compounded by geopolitical uncertainty and tariff wars, which threaten to roil currency markets, inflation, and interest rates. But Mukherjea, who runs Marcellus PMS, believes his flagship Consistent Compounders Portfolio (CCP) is well-positioned to weather the turbulence—and possibly thrive in it. In a recent note to clients, he offered three distinct reasons why. At the heart of his defence strategy is a tightly focused portfolio packed with businesses that march to their own drumbeat, largely insulated from macro shocks.'Our largest allocations include companies whose fundamentals are relatively uncorrelated with the macro factors,' said Mukherjea. One of them: a hospital chain rapidly expanding overseas while optimising efficiency at home. Another: a pharma firm with monopolistic control over global API production for cough syrups and painkillers, and exclusive manufacturing rights for patented big pharma products. ADVERTISEMENT Mukherjea's second pillar is rooted in history. 'During periods when Nifty50's earnings growth is weak, companies with high quality of moats and capital allocation prudence outshine,' he backdrop tells the story. Between FY22 and FY25, the Nifty50 posted a robust 24% EPS CAGR—a tide that lifted all boats, regardless of quality. But Mukherjea insists the next phase will separate the contenders from the pretenders. ADVERTISEMENT ''When the going gets tough, the tough get going' by using their superior competitive advantages to gain market shares,' he said, adding that the CCP portfolio is well-aligned to capture these gains in a more challenging environment. ADVERTISEMENT Perhaps the most striking statistic: the 1-year forward P/E multiple of the CCP portfolio is now at its lowest since inception, following a recalibration of its constituents in 2024.'This puts our portfolio at a 25%-30% discount to its six-year average,' said Mukherjea, positioning it as a compelling value play in an uncertain market. ADVERTISEMENT Mukherjea's financials-focussed Kings of Capital Portfolio (KCP) remains heavily weighted toward private banks and NBFCs, but he has tightened the screws, cutting exposure to names with inconsistent growth or low RoEs.'We still don't find value in capital market-linked stocks and haven't added back any since our exit in late Sep'24,' he said. The combination of slim pickings and a re-rating in quality lenders has left KCP holding about 10% in cash—a strategic war chest amid market Little Champs Portfolio (LCP) and Rising Giants Portfolio (RGP) are also adapting to the new reality—emphasising earnings resilience, valuation discipline, and elevated cash levels.'Good quality stocks do fall during periods of market slowdown,' Mukherjea acknowledged. Cash, he said, will 'give some mitigation against these falls' and allow selective entries into oversold quality names.'This could be both increasing the position in the existing stocks, which see unwarranted correction + getting into coverage stocks, but which we had not invested earlier due to want of a better entry price. We are keeping a close watch on the developments on a continuous basis to see if we need to adjust the cash positions,' the fund manager portfolios have been pruned. In recent months, LCP exited Home First Finance, Everest Industries, and Credit Access Grameen, while adding Abbott India and Indegene. RGP exited the same three plus Astral, Tube Investments, and Poly Medicure, while inducting Control Print and remains vigilant: 'We are keeping a close watch on the developments on a continuous basis to see if we need to adjust the cash positions.' In a market battered by crosswinds, Marcellus' approach is simple but bold: hold only the best, pay the right price, and be ready with cash when opportunity strikes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
