Shubhra Tandon
-
Investing more in new segments to beat cyclicality, says CEO of Thermax
To combat volatility in the capex cycles which impacts capital goods companies, Pune-based Thermax is venturing into new areas to make the company’s core business more resilient to it.
-
Fare war: Jio’s new price points portend fresh pain points for rivals
After a gap of four months, Reliance Jio has once again brought in a disruptive tariff scheme which will hurt incumbents Bharti Airtel and Vodafone Idea.
-
Vodafone Idea’s capex likely to remain subdued, hit Arpu
Vodafone Idea registered revenues of Rs 58,500 crore for the 12 months to June 30, 2018, against Bharti Airtel’s Rs 51,575 crore.
-
Steel firms expected to make big gains: Top 5 companies’ PAT estimated to rise 121 per cent
Even as users of steel bear the burden of higher costs, manufacturers are set to reap a bonanza on the back of strong prices and safeguards from imports. While the government was to have phased out the safeguard duties, these are still applicable.
-
Hindalco betting big on auto segment
Aditya Birla group company Hindalco Industries is betting big on the high margin automobile segment, and the recent acquisition of Aleris under the company’s US arm Novelis will increase this footprint further, while giving it access to other high-end segments like aerospace and building and construction (B&C).
-
Better-than-expected earnings for steel majors on higher realisation
Higher realisation driven by a sharp increase in steel prices helped domestic steel majors — Tata Steel, JSW Steel, Jindal Steel and Power (JSPL) and Steel Authority of India (SAIL) — to post better-than-expected earnings for the three months of April-June 2018.
-
Metal firms invest in value-added products as demand grows
High-margin value-added products are gaining traction with domestic metal companies as the demand for such products are growing from end-user industries such as automobiles and consumer durables.
-
April-June strategy: Idea move to offer non-unlimited plans hits Arpu
As part of the plan, the company tried to retain subscribers who prefer the non-unlimited plans by offering them discounted voice and data tariffs.
-
‘We are looking at the enterprise value’: Aditya Birla, Hindalco and Novelis
Once Novelis closes the acquisition of Aleris, the company is confident it will get a cheaper source of funding to finance the $2.58-billion deal.
-
We are hopeful of getting back to double-digit growth, says CFO of TCS
Cross-currency movements and operational efficiencies contributed positively to the Q1FY19 operating margins for Tata Consultancy Services (TCS).
-
Tata Steel clinches JV with Thyssenkrupp, to be Europe’s number 2 steelmaker
Tata Steel and German industrial group Thyssenkrupp AG have signed definitive agreements to combine their European steel businesses in a 50-50 joint venture in a new company.
-
Capex by Idea, Vodafone India sees decline in FY18
With the entry of Reliance Jio with VoLTE technology, the incumbent operators are under pressure to move to this technology at a rapid pace and also increase their cell sites, all of which necessitates a rise in capex.
-
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.
