Shubhra Tandon

Articles By Shubhra Tandon

339 Articles

Aleris buy to help Hindalco cement position among leading aluminium players

Hindalco announced the acquisition of Aleris in July 2018 through its wholly-owned subsidiary Novelis, for an enterprise value of $2.58 billion.

According to analysts, the share of can for instance could come down to about 43% post completion of the Aleris acquisition, from the present 51%, while the share of auto will stand at 22% (26% at present).

Car sales in FY2019-20: Hyundai, Renault register positive sales growth

On the contrary, the domestic sales of Indian automobile makers took a hit of nearly 45% on a year-on-year basis, which is one of the sharpest monthly declines seen by the industry, according to SIAM.

Lockdown effect: Muted March quarter earnings expected for RIL

On the back of this weakness, RIL is estimated to report a sequential decline of about 8% in its net profit to Rs 10,700 crore for the three months of January-March, according to analysts at Bank of America Global Research.

Consequently, RIL’s consolidated Ebitda (earnings before interest, tax, depreciation and amortisation) during Q4FY20 is estimated to remain flat sequentially, but may register a rise of 8% on a y-o-y basis to Rs 22,550 crore.

Most important worry for the industry is the cash flow: MS Unnikrishnan, MD and CEO, Thermax

MS Unnikrishnan, managing director and CEO, Thermax, tells Shubhra Tandon on how the company is dealing with it and the way forward for businesses.

Corona to take a toll on fresh hiring by firms

Rough estimates suggest that hiring may see a decline of up to 50% in April-June quarter

coronavirus, coronavirus pandemic, covid 19 pandemic, hiring, new joining, mmmm appointment letter, white collar jobs, virtual platforms, india inc

Moratorium on term loans: Realty sector gets a booster shot from RBI

As RBI has left it to the bank boards to frame objective criteria for considering these reliefs, it will boil down to how much of this relief the bank passes on to the borrowers.

Meanwhile, the announcement is a big relief for homebuyers.

Auto sector braces for hard times under COVID-19

Industry players said that they were preparing for longer shut-down period as it would take almost two months for the operations to become normal post the time when such activity resumes.

Meanwhile, Federation of Automobile Dealers Associations (FADA) told FE that nearly 60% of dealer outlets are shut in India as of Monday.

Developers in slow lane as Covid-19 pandemic hits road traffic

According to developers, a lot of cargo traffic is getting held up at ports due to government advisory on keeping all the vessels coming from any country in outer anchorage for 14 days, and only after inspection are they bein

Pandemic to impact earnings of capital goods majors

The impact of this contraction could well spill over into the first quarter of next financial year too.

Mukesh Ambani’s Reliance Jio may bag RCom’s tower and fibre assets

Bharti Airtel, Varde Partners and UV Asset Reconstruction Company (UVARC) had bid for all three assets of fibre, towers and spectrum of RCom.

reliance jio, bharti airtel

Reliance Jio, Airtel, Varde Partners, UV ARC bid for all 3 RCom assets

RCom posted a consolidated loss of Rs 30,147 crore for the September 2019 quarter, providing, like peers Bharti Airtel and Vodafone, for liabilities on statutory dues to the tune of Rs 28,314 crore.

reliance, vodafone

Large numbers of IT workforce unfit for new-age tasks

A Nasscom report estimates that about 40% of India’s total workforce must be reskilled over the next five years to cope with emerging trends such as AI, IoT, machine learning and blockchain.

IT firms are rebuilding their teams to cater for emerging technologies. (Illustration: shyam kumar prasad)

RCom assets: I Squared Cap joins race along with Bharti Airtel, Reliance Jio

The stressed telco’s total debt to financial creditors stands at Rs 51,141 crore, while the secured debt is estimated to be Rs 33,000 crore.

Bharti Airtel may have put fresh bid; last date to submit bids today

Bharti Airtel fumes over extension of bid deadline for Reliance Communications assets

While Bharti did not name the bidder, according to reports, Reliance Jio had sought extension of the November 12 deadline to make an offer under the ongoing insolvency proceedings for RCom's assets.

Bharti Airtel, industry news

RCom, CoC extends bids submission deadline for company’s spectrum

The committee of creditors (CoC) for Reliance Communications (RCom) on Wednesday extended the deadline for submission of bids for the company's spectrum by 10 days.

Changes in regulation required for success fof Rs 25k-crore real estate funding

Sources with knowledge of the developments said that the fund created as an Alternate Investment Fund (AIF) will have a superior charge on both securities and the cash flows in a project in which it invests.

Policies to boost rental housing could attract capital in residential real estate

While the commercial sector in India enjoys annual rental yields in the range of 6-8%, yields in the residential sector are far more anaemic in a 2-3% range. Rental yield is defined as annual rent as a ratio of the property p

Support for rental housing also assumes significance at a time when large stocks of residential units remains unsold. (Representative image)

Southern States defying economic slowdown, here’s why

As per Nielsen's India FMCG Growth Snapshot for the quarter ended September 2019, the north India market has seen maximum impact of consumption slowdown, where volume growth remained almost flat at 1% versus strongest growth

economy slowdown, economic slowdown, gdp, boosting economy, sensex, market

Realty check: Home sales to stay quiet this Diwali

By one estimate, the unsold inventory across India is still upwards of 10 lakh units valued at a staggering Rs 6 lakh crore. Most developers are financially strapped and, therefore, struggling to either complete projects or c

Realty, Home sale, Diwali, NBFC, NBFC crisis, DHFL, PMC Bank, India, PropEquity, Navratri , Royal Enfield, industry news

Crisis-ridden Altico proposes to clear all dues in 4-5 years

The company, backed by global private equity investors – Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council – has an underlying collateral value of around Rs 11,000 crore, against the total loans

Altico Capital, Altico Capital India, Crisis ridden, Altico, Altico due, Industry news, NBFC, Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council

Reliance Jio eyes 500 million subscribers by mid-2020

Reliance Jio aims to reach its targeted 500 million subscriber mark in less than 12 months against its earlier target of financial year 2022.

Reliance Jio accounts for 65% of 4G subscriber base, with JioPhone accounting for 12% of this base.

Piramal turns to securitisation of real estate loans to raise cash

Two subsidiaries— Piramal Capital and Housing Finance, and PHL Fininvest— are looking to raise over Rs 2,372 crore

Piramal Enterprises, PCHFL, PHL Fininvest, retail loans, SPV, PTC interest, Crisil

Altico capital: New York-based Apollo Global makes preliminary offer of $150 million

New York-based private equity firm Apollo Global Management is understood to have made a preliminary offer to pump in $150 million as equity capital into Altico Capital India, the crisis-ridden wholesale non-banking finance c

Altico capital, Apollo Global, NCLT, Bombay High Court, IL&FS, BSR, Companies Act

Minimum alternative tax exemption: Investing in stressed companies is attractive

One of the provisions inserted in the recent tax amendments gives an option to domestic companies to pay tax at a rate of 22% (effective rate is 25.17% inclusive of surcharge and cess) subject to the condition that it does no

minimum alternative tax,  corporate tax structure, MAT regime, BDO India, tax exemptions, CIRP

Mumbai realty developer dragged to NCLT by creditor

The Mumbai Bench of the NCLT has admitted the case under Section 7 of IBC against Lokhandwala – the builder of marquee luxury properties like Minerva in the south Mumbai neighbourhood of Worli, among others.

The case was admitted on September 19, 2019.

Changing tack: Tata Power set to become a services player

Like some of its global peers such as US-based Duke Energy or Italian multinational Enel, power producer and distributor Tata Power is looking to morph from a pure-play utility into a customer-focused business.

It is in line with the change and the disruption taking place globally as countries move from generation plants and transmission systems to distributed and decentralised generation — Praveer Sinha CEO & MD, Tata Power

Share buybacks could be back on table after FM Sitharaman’s announcement on exemptions

With the changes in buyback regulations by Sebi and the exemption on buyback tax now, some of these issuances are expected to hit the market soon.

Share buyback, Share market, stock market, market news, corporate tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019, corporation tax rate, 
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