Vodafone Idea Rs 25,000-Crore Rights Issue Not Enough: Experts
In a rights offering, the subscription price at which each share may be purchased is generally discounted relative to the current market price
Jet Airways Independent Director Rajshree Pathy Resigns
The resignation comes at a time when the airline is going through severe turmoil with only seven of its aircraft deployed for domestic operations
Parties got 99.8% donations through electoral bonds of Rs 10 lakh, Rs 1 cr donations: RTI plea
KKR set for global launch of Rs 5,000-cr credit fund for India
TCS Q4: Profit rises 0.3 percent to Rs 8,126 crore versus Rs 8,105 crore and revenue grows 1.8 percent to Rs 38,010 crore versus Rs 37,338 crore QoQ. Revenue in constant currency terms increases 2.4 percent QoQ.
Infosys Q4: Profit jumps 12.9 percent to Rs 4,074 crore versus Rs 3,609 crore, revenue rises 0.6 percent to Rs 21,539 crore versus Rs 21,400 crore; EBIT margin falls 120 bps QoQ. Company sees constant currency revenue growth at 7.5-9.5 percent and EBIT margin at 21-23 percent in FY20.
Jet Airways: SBICAPS acquired 5.19 percent stake in the company on April 11 via pledge encumbrance. Rajshree Pathy submitted her resignation as an Independent Director of the company, owing to time constraints on account of her other current commitments.
Pricol: ICRA downgrades rating on long term – line of credit facilities of the company to BBB (Negative) from BBB+ (Stable).
ITI Limited: Company records a turnover of Rs 2,051 crore for FY19, up 20 percent compared to the previous year.
Sudarshan Chemical Industries: Board approved the proposal to enter into a definitive agreement with GMM Pfaudler (GMMP) to divest industrial mixing solutions division (IMSD) of the company.
Mcleod Russel: Wholly owned subsidiary Borelli Tea Holdings approved Share Purchase Agreement for disposal of its stake in Pfunda Tea Company.
Dr Reddy’s Labs: Company entered into a definitive agreement to acquire a portfolio of 42 approved, non-marketed Abbreviated New Drug Applications (ANDAs) in the US.
Persistent Systems: Sudhir Kulkarni, President – Sales, Technology Services Unit has resigned to pursue other interests.
APL Apollo Tubes: Company to acquire Shankara’s 2,00,000 MTPA tube manufacturing unit in South India for Rs 70 crore.
Arcotech: Company has completed issue of non- convertible, non-cumulative redeemable preference shares.
Trident Texofab: Company’ newly set-up manufacturing unit in Surat, Gujarat started its commercial production and operations and the said unit has been set up for manufacturing grey fabrics.
Adani Enterprises: Adani Transport, a wholly owned subsidiary, incorporated a subsidiary company namely Suryapet Khammam Road Private Limited.
HT Media: As per share purchase agreement, the company will now acquire 69,05,383 equity shares of NRL on or before November 15, 2019
Suven Life Sciences: Company receives court approval of ‘Stalking Horse’ Agreement to buy the assets of Rising Pharmaceuticals through its joint venture partner, Shore Suven Pharma Inc.
International Paper APPM: There would be annual outage (maintenance) from April 15, 2019 to April 22, 2019 (both days inclusive) in the manufacturing facility located in Kadiyam, East Godavari District, Andhra Pradesh. The estimated loss of production would be around 200 MTs per day.
Results on April 15:
Hathway Cable & Datacom
Network18 Media & Investments
Reliance Industrial Infrastructure
International Travel House
15th April 2019 – Small news sections
Ø Management to meet lenders, pilots to decide Jet’s fate
Ø UK govt to resume cross-party Brexit talks next week
Ø NPCI bats for blockchain to boost digital payments
Ø Tata Projects eyes Rs 16,000 cr topline this year
Ø BoB expects integration of Dena & Vijaya Bank in 2 yrs
Ø RBI’s revised debt resolution rules likely post-election
Ø Indian capital market soars despite global, domestic headwinds
Ø IMF predicts ‘delicate year’ for world economy, warns India about inflation
Ø 344 infra projects worth Rs 150 cr each show cost overruns of Rs 3 .16 trn
Ø Creditors recover nearly half of total claims in 88 insolvency cases
Ø Ashok Leyland eyes partnerships in EV space in bid to pare huge R&D costs
Ø TCS hungry for acquisitions, scouting for assets to boost growth, says COO
Ø Robust textile exports help India reduce trade deficit with China
Ø TVS, Suzuki, Piaggio gain scooter market share in FY19
Ø Dr Reddy’s buys 42 approved new drug applications in US
Ø Maruti Suzuki retains top slot even in tough FY19
Ø Robotised module cleaning systems, ‘floating’ panels to drive L&T’s solar EPC business
Ø Zee5 to test mobile-only plans to take on Netflix
Ø RBI net buyer of dollar for 3rd month in a row, snaps up $825 m in February
Ø Reliance Jio crosses 300 million customers mark
Ø ₹25,000 crore rights issue not enough for Vodafone Idea: Experts
Ø Iran says US pressures on Iran, Venezuela making oil market fragile
Ø Govt makes it mandatory for all medical devices to get CDSCO certification
Ø Daikin India eyes Rs 5,000 crore turnover in FY20 with 20% sales growth
Ø India’s 2nd largest lender Bank of Baroda to evaluate board performance
Ø ONGC arrests fall in oil output from onshore wells, posts higher growth despite vintage fields
Ø Income tax dept coming after demonetisation cases, sets June 30 deadline for field officers
Ø Suven gets US court nod to buy assets of Rising Pharmaceuticals
Ø India shifts to net steel importer in 2018-19, first time in three years
Ø FPIs stay bullish on India, pour in Rs 11,096 cr in April so far
Ø Wholesale sugar prices seen increasing to Rs 34/kg this year
WPI | March Manufactured Products inflation at 2.16% Vs 2.25%, Non-food articles inflation at 2.83% Vs 5.05% (MoM)
WPI | March Pulses inflation at 10.63% Vs 10.88%, Potato inflation at 1.30% Vs 23.40%, Onion inflation at -31.34% Vs -58% (MoM)
Jet Pilots Urge PM Modi To Help Save 20,000 Jobs, Ask SBI For Funds
The lenders are meeting to decide whether to release crucial funds to keep the debt-ridden airline flying as it teeters on the brink of collapse.
Export of oilmeals rose 31% to Rs 6,222 cr in FY19
Wholesale Inflation Picks Up To 3.18% In March
The wholesale price inflation was in line with the forecast by economists in a poll by news agency Reuters, and higher than provisional 2.93 per cent in February.
TV18 Broadcast FY19 operating EBITDA jumps 30% to Rs 314 cr
Weather Office Forecasts “Near Normal” Monsoon This Year
Monsoon is likely to be 96 per cent of the long-period average (LPA), a senior official of the IMD said.
Saudi Aramco buys 17% stake in South Korean refiner unit for $1.2 billion: Hyundai Heavy
Jet Airways Fuel Supply To Last Till Tuesday Afternoon: Report
Currently, the airline owes over Rs 8,000 crore to a consortium of lenders led by the state-run State Bank of India (SBI).
Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18
Trade Deficit Narrows To $10.89 Billion In March
In result, the country’s trade deficit widened to $176.42 billion for the entire fiscal year, compared to $162 billion in 2017-18, data showed.
RBI may cut interest rates for third straight time: BofA-ML
Tata Metaliks profit rises 18% to Rs 64 crore in Q4
Sadbhav Infra SPVs Q4 toll revenue up 7.3% to Rs 281 cr