Corporate & Markets

Reliance Jio adds maximum users among telecom operators for second consecutive month

Reliance had launched a JioPhone offer on February 26, primarily targeting the feature phone subscribers in the country. As the offer was applicable from March 1, its impact was witnessed in the March additions.
As there is so much customer movement, MNP requests have been consistently high for the past few months. The MNP requests stood at 12.74 million in March.

Indian Railways to resume 50 special train services from June 21

A new summer special train is also being started from June 25, from Gorakhpur in Uttar Pradesh to Bandra Terminus in Maharashtra.

Between June 1-18, approval to operate 660 additional mail/ express trains has been given to the zonal railways.

Need assurance that SAIL’s iron ore division won’t be moved out of Kolkata: West Bengal finance minister Amit Mitra

On Friday, Mitra wrote to Pradhan again asking why the Union steel minister chose not to address the “major question of dismantling of the RMD.”

Mitra also said that since the present dispensation came into power in Delhi, there has been “an ominous pattern of removing headquarters of PSUs from Kolkata which has been here for half a century and even a century”.

Sun TV Network rating – Neutral: Results were largely in line with estimates

Dividend figure was a key negative; re-rating will depend on growth visibility; ‘Neutral’ rating retained

Srei Equipment Finance gets Rs 2,200-crore investment interest from Singapore’s Makara

SEFL's strategic coordination committee (SCC), chaired by an independent director, will evaluate the Makara Capital's offer and make the recommendation to the board, according to a stock exchange fili

Coal India rating – Buy: A good final quarter for the company

E-auction realisations up further; dividend stability to continue; FY22 will be lot better than FY21; ‘Buy’ retained with TP of Rs 234

CIL’s FY21 revenue/Ebitda/PAT improved significantly in H2FY21, but was still lower by 6.3%/15.3%/23.9% y-o-y at Rs 900/186/127 bn, respectively, due to the severity of H1FY21 earnings.

Seed industry cries foul over rising sales of ‘unapproved’ HTBt cotton

In the Rs 20,000-crore seeds industry, vegetable seeds have the highest share of 30%, followed by cotton with about 18%, maize 13% and paddy 10%.

The packs show the presence of many technologies which could create a serious situation in the field, Ramasami said.

Quality issues affect Nafed’s onion procurement in Maharashtra

Of the total procurement target set by the government after easing of the second lockdown, around 50,000 tonne of the commodity has been procured by NAFED, along with supporting farmer producer compan

onion price

Jubilant Foodworks: ‘Buy’ with revised FV of Rs 3,400

Store expansion gathers pace: JUBI’s 4Q print was in line with expectations. Store openings were higher than expected and ahead of guidance: 50 new Domino’s stores (gross) in 4Q (134 in FY2021 ver

jubilant fireworks

Analyst Corner: Retain ‘buy’ on Havells India with TP of Rs 1,190

We stay optimistic on HAVL's growth prospects beyond near term hiccups (Q1FY22). Buy. PTRs 1,190.

havells india

Tube Investments net up 74% to Rs 129 crore in Q4

TII’s revenue for the quarter was at Rs 1,480 crore as against Rs 935 crore in the corresponding quarter of the previous year, registering a growth of 58%, the company said in a statement.

For the year ended March 31, 2021, TII’s revenue stood at Rs 4,256 crore as against Rs 4,276 crore in the previous year, almost recording a flat growth.

Global funds invest in Acme Solar’s 250 MW project in Rajasthan

Though the financial details of the deal were not disclosed, Acme Solar said in a statement “the total value of the project is the equivalent of just under $200 million, of which about a quarter are

Awaiting RBI directions on lifting curbs: HDFC Bank

The bank continued to face glitches even after RBI was conducting audit of the bank’s IT infrastructure. Earlier this week, the customers of the bank faced issues with mobile banking app on Tuesday

Explaining the new initiatives, he said the digital factory would be focused on rolling out digital products, and the enterprise factory would focus on renewing the bank’s IT infrastructure.

Chinese firms not given login details of govt’s trusted telecom products portal

After that, the National Security Council Secretariat (NSCS) will decide whether the products can be termed 'trusted' or not. The operators, however, can also seek a waiver from the government, in cas

It was indicated that extra due diligence will be done in case of any link to China – be it for components or personnel.

13 companies express interest in setting up data centres in Noida with Rs 22,000-crore investment

In a report titled ‘2020 India Data Centre Market Update’, JLL has said NCR-Delhi is expected to emerge as a new data centre hotspot as demand from government departments and IT/ITeS are expected

Apart from these, the state government has also received intents of investment from companies like Sify Technologies, CTRLS Data Centres, Web Works, RBDC Pte, Singapore, Brookfield Asset Management, Canada, Mantra Data Centres, Spain.

No plan to undermine Bengal SAIL units: Union steel minister Dharmendra Pradhan

In his letter to Pradhan, Mitra had written, “I am deeply apprehensive that these two massive plants in Bengal would either be asset stripped or be sold off in the name of disinvestment, having crip

Terming the difficulties mentioned by Mitra in his June 15 letter as “perceived”, Pradhan said, “DSP and ISP are two of the prestigious plants on which SAIL has made large investments.”

HDFC Bank to refund GPS device commission to auto loan customers

“The notice is hereby given that HDFC Bank Limited (Bank) will be refunding the GPS device commission to auto loan customers who availed of such device as a part of the auto loan funding during the

The irregularities in the auto loan portfolio pertains to the charges that some executives of the bank had forced borrowers to buy GPS devices bundled with auto loans.

Xiaomi tops second-hand smartphone market, followed by Apple

The survey received responses from close to 4,000 people. As per the survey, a majority of Indians preferred buying smartphones over laptops, 84% of them upgraded their smartphone within 14-18 months

No-cost EMI option and replacement warranty were the top criteria for purchase.

Renewable auctions haven’t lost steam despite pandemic: Sumant Sinha, senior vice president, ASSOCHAM

Each state and discom has its own preference and way of working. Some state discoms have accessed the loan package announced by the central government and made payments to various generators, while ot

Sumant Sinha, senior vice president, ASSOCHAM

Banks’ microfinance gross loan portfolio grows, SFBs see de-growth: Report

During the third quarter of FY21, the market share of banks and SFBs stood at 41.7% and 16.9%, respectively, in the microfinance space. Between Q4FY20 and Q3FY21, NBFC-MFIs' market share stood almost

“Delinquency was higher in Q3 and Q4 of FY20-21 compared to pre-Covid levels. We hope to see these numbers move back to their historic levels in coming quarters,” Jain said.

Coal India to start producing CBM from Jharkhand block

Central Mine Planning and Design Institute, CIL’s consultancy arm, has been involved as the principal implementing agency for the CBM development in its leasehold areas. Around 80% of the CBM bearin

CIL did not disclose the name of the developer citing non-disclosure norms, though it said an Indian developer has been awarded the work.

INTERVIEW| Recovering lost sales first aim of liquor industry: CIABC director general Vinod Giri

Sales of Indian made foreign liquor (IMFL) declined by 12% year-on-year during FY21 due to the pandemic-induced lockdown and increase in taxes, according to the Confederation of Indian Alcoholic Bever

Vinod Giri

Amit Mitra fears SAIL’s Bengal units are being sold off, writes to Dharmendra Pradhan

SAIL’s raw material division, headquartered in Kolkata, runs 15 mines including iron ore mines, flux mines and coal mines.

amit mitra

Lanco Infratech declared as ‘fraud’ account by Punjab & Sind Bank

“It is informed that an NPA account Lanco Infratech Limited with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI today as per regulatory requirement,” the lender

The bank also stated that it had fully provided for Lanco Infratech.
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