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Analyst corner: Maintain ‘hold’ on South Indian Bank
October 20, 2018 2:56 AM
Narrower spreads and lower Treasury income led to South Indian Bank’s weak operating performance this quarter. On a positive note, lower slippages led to stabilising asset quality.
Analyst corner: Maintain ‘buy’ on M&M with TP of Rs 1.071
Edelweiss | October 20, 2018 2:49 AM
Our channel checks indicate that underlying demand for M&M’s key offerings continues to be strong.
Maharashtra Cooperative Bank seeks RBI permission to takeover urban cooperative banks
FE Bureau | October 20, 2018 2:43 AM
Vidyadhar Anaskar, chairman of the administrative board of the MSC Bank, said the move has been considered to strengthen UCBs that are currently struggling for survival.
Mid and small cap: Tech, pharma, consumer stocks top performers while majority of stocks trade in red
Bharadwaj Sharma | October 18, 2018 2:29 AM
While 90% of Nifty small-cap and 77% of Nifty mid-cap stocks have been trading in the red since the beginning of the year, some stocks from export-driven and consumer sector have given returns up to 89.26% in the small and mid cap space.
Analyst corner: ‘Buy’on Hero MotoCorp; FY19/20 EPS cut by 4/7%
JM Financials | October 18, 2018 2:24 AM
In 2QFY19, Hero Motocorp (HMCL) reported an EBITDA margin of 15.2%, lower by 40bps QoQ, owing to higher other expenses.
Analyst corner: ‘Buy’on Engineers India with revised TP of Rs 155
Kotak Securities | October 18, 2018 2:18 AM
EIL recently won Rs 50-bn order from HPCL
Hero MotoCorp Q2 result: Net profit down 3.4% y-o-y on account of weak operational performances
FE Bureau | October 17, 2018 2:06 AM
Hero’s market share in the motorcycle segment at the end of the September quarter stood at 50%, down 120 bps sequentially.
French hydrocarbon giant Total in talks for stakes in LNG import terminals in India
FE Bureau | October 17, 2018 2:01 AM
This comes close after Total agreeing to sell its 26% stake in the Hazira LNG regassification terminal in Gujarat to Shell India. Both companies signed a letter of intent regarding this in August.
Edelweiss-backed firm eyes stakes in Rs 6,000 crore Essel Infra assets
FE Bureau | October 17, 2018 1:56 AM
Edelweiss Infrastructure-backed Sekura Energy is looking to acquire stakes in four transmission assets from Essel Infraprojects.
Kotak ropes in former investment banking head TV Raghunath to help out IL&FS
Rouhan Sharma | October 17, 2018 1:53 AM
Raghunath will be a part of a core operating committee which is being headed by Vineet Nayyar, the new vice-chairman and MD of IL&FS.
Foodpanda forays into cloud kitchen segment, acquires Mumbai-based food-tech venture Holachef
FE Bureau | October 17, 2018 1:48 AM
As part of the acquisition, Foodpanda will take over Holachef’s business, including its kitchens and equipment, as well as bringing on board the company’s employees.
GoAir’s plan to sub-lease aircraft suffers setback, talks with Bamboo Airways fall through
Manisha Singhal | October 17, 2018 1:44 AM
The airline was in discussion with the Vietnamese carrier, which has delayed its October launch, for sub-leasing nine of its A320ceo aircraft type.
BMW gets order for 135 cars from rental firm Avis India for its airport fleet
FE Bureau | October 17, 2018 1:26 AM
Avis India, the leading car rental and leasing service provider in the country, has inducted 135 BMW cars in its airport fleet for exclusive use by Emirates customers.
Tractor manufacturer TAFE to expand production capacity in two plants
R Ravichandran | October 17, 2018 1:22 AM
In an interview with FE here on Tuesday, Mallika Srinivasan, chairman and CEO, TAFE, said: “We are upbeat on the industry growth prospects as well TAFE in particular.
NBCC inks pact with govt for Niger project, to work as PMC
FE Bureau | October 17, 2018 1:17 AM
As a construction partner, NBCC will work as a project management consultancy (PMC) and would charge 7.5% of the total project cost.
Money markets’ scare cause Rs 1.2 lakh fall in September liquid fund AUM
FE Bureau | October 17, 2018 12:17 AM
Liquid and money market funds witnessed a fall of assets under management (AUMs) worth Rs 1.25 lakh crore in September over the previous month, showed data from Value Research.
Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore
FE Bureau | October 17, 2018 12:16 AM
Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased.
Analyst Corner: ‘Buy’ on Indiabulls Housing Finance with TP of Rs 1,258
Edelweiss | October 17, 2018 12:16 AM
Indiabulls Housing Finance’s (IHFL) Q2FY19 is characterised by a steady core operating performance with AUM growth sustaining at 29% and earnings growing 20%-plus.
Analyst Corner: IndusInd Bank not to see haircut on IL&FS exposure
FE Bureau | October 17, 2018 12:15 AM
PAT of Rs 9.2bn was substantially lower than the consensus estimate of Rs 10.98bn due to a provision of Rs 2.8bn on IL&FS. Growth in PAT was the lowest in many quarters at 5% y-o-y (decline of 11% qoq).
Outbound activity drives Merger and Acquisition’s robust growth in Q3 of 2018
FE Bureau | October 16, 2018 2:01 AM
Merger and acquisition (M&A) deal values recorded a 5.3-times increase year-on-year (y-o-y) in the third quarter of calendar year 2018 (Q32018) driven by outbound activity, according to a dealtracker report by Grant Thornton.
Pharma giant Dr Reddy’s sells Hyderabad API unit to Therapiva
FE Bureau | October 16, 2018 1:56 AM
The sale includes all related fixed assets, including land and building, current assets and current liabilities.
Green Drive: MG motor announces electric vehicle launch in India by 2020
FE Bureau | October 16, 2018 1:52 AM
The company in a statement in Chennai said that as part of its commitment to the Indian market, it will launch a second product for the Indian market — a global pure-electric SUV — within one year of its first vehicle launch.
Increasing wages in China may benefit Indian toy industry: DIPP report
Bharadwaj Sharma | October 16, 2018 1:48 AM
According to a report by the Department of Industrial Policy and Promotion, only 20% of the Indian market is served by Indian toy manufacturers while the rest is served by imported toys from different countries, mainly from China and Italy.
Tapping sunshine: Tata Power aims to grow solar rooftop business four-times in four years
Vikas Srivastava | October 16, 2018 1:36 AM
Commercial and industrial building owners have shown more enthusiasm as their large power bills justify the expense of solar power systems, even though they get no subsidy.
As tax benefits for Haridwar plant expire, Hero MotoCorp Q2FY19 Ebidta margin may drop 20 bps
FE Bureau | October 16, 2018 1:32 AM
Hero MotoCorp recorded an Ebitda of Rs 1,377.3 crore, up by 6% year-on-year in Q1FY19, which was 5% lower than estimates due to lower than expected spare part sales and high raw material costs, analysts at Edelweiss said.
Sterlite Power expects renewable energy to boost private participation as tussle over project allocations continues
FE Bureau | October 16, 2018 1:28 AM
The private sector has been vocal about the government not awarding all transmission projects through TBCB and allocating a number of works to state-owned Power Grid Corporation of India — an allegation opposed by the central transmission utility.
Heavy festive season discounts on mobile handsets expected to propel sales
FE Bureau | October 16, 2018 1:24 AM
Amazon during its just concluded festive sale was offering OnePlus 6 exclusively on its platform for Rs 29,999 as against its original price of Rs 34,999.

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Horoscope: By Peter Vidal

Today ( 20 Oct )This Week ( 14 Oct - 27 Oct )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more