Shubhra Tandon | April 21, 2018 4:27 AM
The cement demand in the country could well grow by about 8% in 2018-2019, led by government spending on infrastructure.
FE Bureau | April 21, 2018 4:22 AM
Krishnapatnam Port Company (KPCL), the largest all-weather deep water port on the east-coast, has handled 45 million tonne (MT) of cargo in 2017-18, achieving a 25% growth over 36.10 MT handled in the last fiscal, and has set a target to achieve 55 MT in the current fiscal.
Shamik Paul | April 21, 2018 3:32 AM
Lenders likely to meet on April 24 to chart future course of action
Motilal Oswal | April 21, 2018 3:26 AM
Aluminum and alumina market dynamics have turned favorable after recent events, leading to supply vacuum of 2.8mtpa of metal (Rusal and Hydro) and 8mtpa of alumina (from the world’s largest alumina refinery in Brazil owned by Hydro, and alumina refineries of Rusal in Ireland, Ukraine and Jamaica).
Prabhudas Lilladher | April 21, 2018 3:12 AM
Mindtree results beat our estimates in dollar revenues, EBIDTA margin and PAT.
FE Bureau | April 20, 2018 6:21 AM
A total of 371 million viewers tuned in to watch the Vivo Indian Premier League (IPL) during the first week between April 7 and 13, data released by Star India showed.
FE Bureau | April 20, 2018 6:17 AM
The Supreme Court on Thursday allowed Sahara Group to sell a part of its flagship property Aamby Valley City Project in Maharashtra and deposit the sale proceeds into the Sebi-Sahara account by May 15.
Mithun Dasgupta | April 20, 2018 6:09 AM
UltraTech Cement on Thursday urged the Kolkata bench of the National Company Law Tribunal (NCLT) to reject rival bidder Rajputana Properties’ plan and accept its revised resolution plan for debt-laden Binani Cement on the ground that the process of approving Dalmia Bharat-controlled Rajputana Properties’ resolution plan by the creditors’ committee was ‘flawed’.
FE Bureau | April 20, 2018 6:03 AM
Reliance Power on Thursday reported improved operational efficiency and margins in the January-March quarter compared with the same quarter last year, leading to a 16% growth in its net profit at Rs 250.47 crore.
FE Bureau | April 20, 2018 5:58 AM
Uber chief operating officer (COO) Barney Harford, who is on a four-day visit to India, was in for a surprise when a group of driver-partners started agitating during a press conference in Hyderabad, where Harford announced Uber’s collaboration with the Hyderabad Metro Rail (HMRL)
Uber has entered into a partnership with HMRL to provide last-mile connectivity by setting up kiosks at 24 stations across Hyderabad.
FE Bureau | April 20, 2018 5:50 AM
However, bad loans surged as the lender disclosed a Rs 1,350-crore divergence in NPAs it reported for FY17
FE Bureau | April 20, 2018 5:44 AM
The Reserve Bank of India’s (RBI) guidelines on reporting one-day default in large-ticket accounts will be a stepping stone under the Indian Accounting Standards (IndAS), Romesh Sobti, MD and CEO, IndusInd Bank, told reporters. Excerpts:
FE Bureau | April 20, 2018 5:39 AM
Taking a stance far more hawkish than suggested in the last policy review, members of the monetary policy committee (MPC) flagged a litany of risks to inflation and hinted at a rate hike in minutes of their April meeting.
FE Bureau | April 20, 2018 5:35 AM
A decision on the future of loss-making Jayaswal Neco is likely only in July, after the Supreme Court hearing on July 2.
We are at the top globally, our ambition is to become no.1 in India, says Mansi Tripathi of Shell India MarketsVikas Srivastava | April 20, 2018 5:30 AM
Despite the competition from price-sensitive regional players and dominant PSUs, Shell India has grown at a CAGR of 20% in the last 5 years, and with aggressive expansion plans the momentum will continue in the coming years, Mansi Tripathi, managing director, Shell India Markets, told Vikas Srivastava during an exclusive interview. Excerpts:
Kotak Securities | April 20, 2018 4:01 AM
We expect Cummins India to be able to deliver growth at c.16.4% CAGR (against flat YoY growth in FY18E) between FY18-20 given the continued momentum in industrial demand and potential benefits arising from improving economic outlook in exports market (business impact yet to be confirmed by the management).
Edelweiss | April 20, 2018 3:55 AM
We view Vedanta’s (VEDL) acquisition of Electrosteel Steels (ELSS) as value accretive in the near term as: i) EV/t of $546 is significantly lower compared to recent transactions; ii) EBITDA/t accretion potential via captive iron ore use & capacity ramp up; and iii) opportunity to expand beyond 2.51mtpa.
While the XUV 5OO has been selling about 2,500 units a month, Creta sells about 10,000 units and Vitara Brezza near 12,000 units.
FE Bureau | April 19, 2018 5:06 AM
The speculations got stronger after Japan’s SoftBank — an investor in Ola — joined Uber as an investor committing over $1 billion.
Vikas Srivastava | April 19, 2018 5:01 AM
The low share of private firms in retailing is despite their substantial share in the country’s refining capacity and production (RIL and Essar together have close to 45% of the refinery throughput right now).
Shritama Bose | April 19, 2018 4:17 AM
State Bank of India (SBI), HDFC Bank and ICICI Bank saw the number of POS terminals deployed fall by 0.4%, 0.9% and 4.5%, respectively, over the two-month period.
FE Bureau | April 19, 2018 4:15 AM
The benchmark yield had fallen to as low as 7.13% in recent times after the Reserve Bank of India (RBI) lowered its inflation expectations for the first and second halves of financial year 2018-19.
FE Bureau | April 19, 2018 3:40 AM
At present, the interchange is capped at Rs 15 per cash transaction and Rs 5 for each non-cash transaction by the central bank, and service providers have asked for it to be raised by Rs 3-5.
Yoosef KP | April 19, 2018 3:34 AM
Rural sales, which account for more than half the revenues of consumer companies, were hit over the past few years due to weak wage growth, disruption after currency ban and introduction of Goods and Services Tax.
Motilal Oswal | April 19, 2018 3:29 AM
The Indian Meteorological Department (IMD) released its first forecast for the 2018 southwest monsoon (June-September) rainfall.
FE Bureau | April 19, 2018 3:20 AM
HDFC Standard Life’s portfolio had a product mix with Unit Linked Insurance Plan (Ulips) contributing 57% and conventional products forming 43% of the individual APE.
We believe CUBK’s balance of deep customer relationships, employee motivation and rock steady astute top management will propel the bank to greater heights.
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