- RBI right to not grant relief for power sector NPA
- Bilaspur-Manali-Leh rail line to be highest in the world, overtaking China's Qinghai-Tibet Railway
- Piyush Goyal credits Arun Jaitley for NPA clean-up; says banks poised for growth now
- Patanjali to set up production units in UK, Europe? Here's what Baba Ramdev says about plan
Shubhra Tandon
-
Sale of assets boosts firms’ debt-to-equity ratios
Continuous focus on sale of non-core assets to reduce the debt burden seems to be reflecting on the improving net debt-to-equity ratios of most infrastructure developers.
-
Rising input costs hit India Inc margins
Rising input costs hit the margins of India Inc in January-March 2018 with only a few being able to pass on this increase to consumers.
-
GMR Infrastructure plans to monetise 137-acre land around Delhi, Hyd airports
Company officials told analysts over a conference call recently that the price for GHIAL land could be in the range of Rs 1.6 crore per acre.
-
Tata Steel, JSW Steel post better than expected Q4 numbers
Improved demand and higher price realisation helped domestic steel majors Tata Steel and JSW Steel to post better than expected earnings for the three months of January-March 2018.
-
Focus on automation, re-skilling hit headcount growth in IT sector
According to annual reports of companies, TCS saw net additions declined to a five-year-low in FY18 to 8,000 versus 33,000 net additions in FY17 and 24,000 in FY14. Infosys Group made employee net additions of 3,743 in FY18, which was the lowest since 2015.
-
India importing over 50% of its aluminium doesn’t make sense, says MD of Hindalco
The pick-up in domestic demand augurs well for the domestic metal industry. Hindalco Industries managing director Satish Pai tells FE’s Shubhra Tandon that the outlook looks robust; however, possible dumping of metals into the country due to global trade wars is a matter of concern. Excerpts:
-
Bullish on sector, UltraTech says cement demand likely to grow 8% in 2018-19
The cement demand in the country could well grow by about 8% in 2018-2019, led by government spending on infrastructure.
-
RERA has been adopted in its true spirit in Maharashtra: Niranjan Hiranandani
RERA has sorted out most of the problems from a consumer’s perspective.
-
Bids for Jaypee Infra resolution likely to be finalised by April end
The bids for the resolution process for Jaypee Infratech is likely to be finalised by the end of April, sources with knowledge of the developments said on Wednesday.
-
JSW Steel on Essar Steel bid: Don’t foresee any monopoly scenario
JSW Steel decided to join the battle for Essar Steel assets after Numetal approached the company.
-
Binani Cement: Committee of creditors hits pause as Dalmia, UtraTech keep at it
A meeting of the committee of creditors (CoC) for Binani Cement scheduled for Thursday did not take place. Meanwhile, Dalmia Bharat has written to the CoC reiterating lenders have already entered into a binding contract with it after it was found to be the highest bidder, sources told FE.
-
Uttam Galva: SAT notices to bourses on promoter status of ArcelorMittal
The move comes at a time when the two shortlisted bidders from the first round of bidding for Essar Steel — Numetal and ArcelorMittal — have challenged the decision in the National Company Law Tribunal (NCLT) on their original bids being rejected as they were found ineligible.
-
Structurally varied bids may delay Jaypee Infratech resolution
The resolution process for Jaypee Infratech (JIL), the beleaguered infrastructure development company engaged in the development of Yamuna Expressway and related real estate, is unlikely to get settled any time soon.
-
Tata Sons to sell 1.48 pc in TCS to finance group investments
Tata Sons, the promoter of Tata Consultancy Services (TCS), is planning to sell a 1.48% stake in the IT behemoth through a block deal to raise nearly $1.2 billion to meet the group’s investment requirements.
-
Monnet Ispat: Lenders to vote on Rs 3,750-crore Aion-JSW bid in 10 days
The consortium of lenders to Monnet Ispat, led by State Bank of India, are expected to complete the voting process on the sole bid received for the loss-making steelmaker from the consortium of Aion Investments and JSW Steel in the next 10-12 days.
-
Bhushan Steel takeover: Tata Steel bids the most, IRP confirms
All-cash offer gave it an edge over rival bidder JSW Steel; if successful would be the first large deal under IBC
-
Disruptive effects of reforms have worn off, signs of stability emerging, says L&T’s CEO and MD SN Subrahmanyan
While the government’s structural reforms augur well for the long term, much would depend on a supportive macro environment and adaptiveness of businesses to the changes, SN Subrahmanyan, CEO & MD, Larsen & Toubro, tells Shubhra Tandon.
-
JSW Steel close to buying Italy’s AFERPI for Rs 500-600 crore
The possible acquisition of the Italian steelmaker comes at a time when JSW Steel is eyeing the purchase of a few steel assets back home as well.
-
Road contract awards: GST slows down pace; here’s how
NHAI was to have awarded 10,000 km but had bid out some 2,697 km till end January. This was lower than the 2,912 km awarded in the April to January period of 2016-17.
-
Pick-up in demand but input costs key risk we see right now, says Hindalco MD Satish Pai
The pick up in global and domestic demand augurs well for the Indian metal industry.
-
Budget 2018: Infrastructure spending gets Rs 6 lakh crore booster
Budget 2018: Finance minister Arun Jaitley said on Thursday the government is confident of completing national highways exceeding 9,000 kilometre in 2017-18. “The ambitious Bharatmala project has been approved for providing seamless connectivity of interior and backward areas and borders of the country, to develop 35,000 km in phase one at an estimated cost of Rs 5.35 lakh crore,” the FM observed.
-
Cyrus Mistry himself sought advice from Tata Trusts, Tata Sons counsel Abhishek Manu Singhvi tells NCLT
Senior counsel Abhishek Manu Singhvi, representing Tata Sons, told the Mumbai bench of the National Company Law Tribunal (NCLT) on Friday that the allegations made by Cyrus Mistry and his family firms of interference from Tata Trusts in the running of Tata Sons cannot be termed interference as Mistry himself sought their advise a number of times.
-
L&T CFO R Shankar Raman: Private sector investment unlikely to be back unless business turns buoyant
Investments by the private sector are unlikely to be back unless business turns buoyant, R Shankar Raman, CFO, Larsen & Toubro, tells Shubhra Tandon in an interview. Excerpts:
-
Deal worth $300-350 million! Mitsubishi to buy 20% stake in Cube Highways
Mitsubishi forms partnership to invest, for the first time, in an Indian toll-road platform; second minority stake sale in Cube Highways within a month.
-
What tower business sale to American Tower means for Idea Cellular, Vodafone merger; honcho Himanshu Kapania explains
In one of the largest transactions in the telecom space, Vodafone India and Idea Cellular have separately agreed to sell their standalone tower business to American Tower Corporation (ATC) for an enterprise value of Rs 7,850 crore.
-
JSW Steel honcho Sheshagiri Rao reveals company’s growth strategy
JSW Steel has had a history of acquiring stressed companies at attractive valuations and turning them around—the most recent major acquisition being that of Ispat Industries in 2010.
-
Our strength is manufacturing, trying to bring in global practices: JSW Cement MD Parth Jindal
The 27-year-old heir to the JSW Group is the managing director of JSW Cement and is well set to start a new business with JSW Paints — in line with providing end-to-end solutions to the construction needs of the industrial and housing sector.
