Today's Paper - 27/10/2020+ Print Archive

Analyst corner: Maintain ‘reduce’ on ICICI Lombard with TP at Rs 1,065

The company has introduced several policies to take advantage of an increased awareness of health plans during the Covid-19 pandemic and has got approval for a comprehensive health product.

Indian Railways’ proactive approach! Looks to increase share in automobile freight loading

India is expected to be the world’s third largest automotive market in terms of volume by 2026, driven by an industry which manufactures 26 million vehicles annually.

The worst is over, says JSW Steel

In Q2FY21, JSW Steel recorded 61.6% increase in Ebitda at `4,414 crore, and margins surged a good 740 basis points to 23%.

The V-band conundrum

Unlicense 57-64 GHz for both indoor and outdoor usage and modify NFAP 2020 to allow release of 64-71 GHz band under light-touch regulation to be assigned on a link-by-link basis for backhaul

The biofuel alternative to farm fires

There appears to be a definite anomaly in OMCs’ offtake price for bio-CNG (for which crop residue can be a feedstock) as compared to that offered for 1G bioethanol or biodiesel. This matter requires serious consideration by the MoP&NG and the earliest r

MFIs in India: Need social impact monitoring

The pandemic has necessitated the need to re-look at the tenets of MFI lending

Even as Covid-19 is expected to afflict the microfinance sector with financial risks in near term, it may also incentivise digitisation in this market segment, the paper said.

SBI Life reports 130% jump in Q2 profit

SBI Life Insurance reported a 130% jump in its profit to Rs 299.73 crore for the second quarter of the current fiscal.

Kotak Mahindra Bank 2nd quarter net jumps 27% to Rs 2,184 crore

Kotak Mahindra Bank's net profit grew 26.7% year-on-year (y-o-y) during the September quarter to Rs 2,184.5 crore, driven by interest income and other income

kotak mahndra bank home loan

The worst is over, says JSW Steel

JSW Steel, the country’s second-largest steel maker, believes the worst is over, as there is an all-round improvement in demand across user industries, led by the automobile sector.

Crude steel production in the July-September period stood at 3.85 million tonne.

Persistent Systems’ net profit up 18.5% in Sept quarter

Persistent Systems reported an 18.5% year-on-year rise in its net profit to Rs 101.98 crore, with revenue going up 13.92% y-o-y to Rs 1,007.74 crore in the September quarter.

Persistent said that the CAPIOT acquisition would strengthen its ability to provide enterprise integration strategy and advisory services.

Driving EV adoption: Increase incentives, cut duties with sunset clauses

Even as the government celebrates FAME-2 and the 20% jump in sales of electric vehicles, from 1.3 lakh in FY19 to 1.56 lakh in FY 20, India Ratings fears a loss of momentum where the penetration of EVs is concerned, especially in the personal vehicles seg

Expensive onions become tear-jerker for farmers as govt focuses on checking inflation

Stocking curbs were removed to stimulate investment in warehousing, yet the same curbs are back again for onions

The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020, received the Presidential assent on Sunday after both the Houses of Parliament passed the Bill earlier this month.

Raw deal? EU’s Green Deal might simply be offshoring environmental harm, researchers from Germany contend

The European Green Deal (EGD) that has been the buzz in green activism circles both in the EU and elsewhere with the talk of its ambitious climate target, would have less than desired impact, thanks to it causing grave environmental damage by proxy.

Power play: How renewables’ march could end state discom era

Competitive Solar power tariffs & Rise of Open Access could add to state-owned discoms’ financial stress as they get stuck with costlier long-term Coal power PPAs

Electricity consumption in the country fell 1.6% y-o-y to 109.7 BU in August, which was even 2.2% lower than July with the monsoon reducing domestic home-cooling demand.

Muthoot Finance plans to garner up to Rs 2,000 crore through NCDs

NBFC Muthoot Finance on Monday announced its plan to raise up to Rs 2,000 crore through public offering of Secured Redeemable Non-Convertible Debentures (NCDs) to be utilised primarily for lending activities of the company.

Markets sink on overseas cues, RIL-Amazon clash

Markets across the globe are in the risk-off mode and Indian equities fell in tandem on Monday.

SC tells CCI to approach Karnataka HC to vacate stay on probe against Amazon, Flipkart

In a relief to Amazon Seller Services, Flipkart Internet and others, the Supreme Court on Monday refused to entertain the Competition Commission of India’s (CCI) appeals seeking “expedition of proceedings and investigations” into alleged anti-compet

Just last week, the Supreme Court turned down the government’s appeal against an arbitration that Vedanta-Videocon won – the two were awarded $476 million – way back in January 2011!

Over 40% of system credit and 75% borrowers to benefit from interest-on-interest concession: Crisil

Rating agency Crisil on Monday said over 40% of system credit and 75% of borrowers would benefit from interest-on-interest (compound interest) concession offered by the government.

PM Modi sticks to energy targets despite demand slump

Says renewable capacity will reach 175 GW by 2022, domestic airline fleet will double by 2024

Pvt dairies in Maharashtra cut milk procurement prices for farmers

Private dairies in Maharashtra have reduced procurement prices of cow milk from Rs 25-27 per litre to Rs 22-23 per litre.

Nestle India Rating: Buy; Q3CY20 results beat expectations

Impressive double-digit sales growth; several levers to support growth; ‘Buy’ retained

Ultratech Cement Rating: Buy; Robust performance in second quarter

Demand has recovered sharply; earnings growth of 40% expected in FY21; TP raised to Rs 6,100 from Rs 5,100; top pick in sector

Your queries: Mutual Funds – Go for mix of equity and debt to construct MF portfolio

Assuming a moderate risk profile, and given the time horizon of five years, the recommended portfolio mix would be about 50% into equities and rest into fixed-income funds.

Tax Talk: Do you know the instances when gifts can be taxable?

Over the past few years, India has witnessed dramatic changes in its approach towards taxing gifts.

Stock market: Five quick tips for first-time equity investors

Before investing in direct equities, it is critical to evaluate your risk appetite and return expectations as the stock market is often driven by greed, fear and irrational behaviour which may dent the best-laid investment plans

Indian Railways to slash land lease rentals, Concor sale to get a leg-up

The lease rates for industrial use of the railways' surplus land may be slashed across the board soon with an extension of the licence period to 35 years from 5 years now for private players.

RIL deal: Future Groups hints at challenging arbitration award in Indian forum

Says it was not party to agreement under which Amazon invoked arbitration

RRVL, Future Group, Amazon

Supreme Court dismisses Vijay Mallya’s offer to pay dues; United Breweries Holdings to be wound up

The Supreme Court on Monday dismissed fugitive industrialist Vijay Mallya’s ‘offer’ to pay the huge dues of United Breweries Holdings (UBHL) to lenders, a move that paves the way for the 102-year-old firm’s winding up and liquidation.

Just last week, the Supreme Court turned down the government’s appeal against an arbitration that Vedanta-Videocon won – the two were awarded $476 million – way back in January 2011!

Fortis Healthcare opens 250-bed hospital in Chennai’s Vadapalani

Fortis Healthcare on Monday opened a 250-bed multispeciality hospital in Chennai, its second such facility in the city. Fortis Hospital at Vadapalani has a nine-level building over 1.5 lakh sqft and is designed to provide world-class healthcare services.

Tube Investments sees CG Power hitting revenue of Rs 5k crore in five years

Tube Investments of India (TII) believes that over a period of five years, it will be able to turnaround CG Power and Industrial Solutions — a company they are in the process of acquiring — to a Rs 5,000 crore top-line earning one with Rs 500 crore pr

Bharti Airtel launches cloud-based platform for encrypted, secure communication

Bharti Airtel on Monday launched a cloud-based omni-channel communications platform called Airtel IQ, marking its entry into the fast-growing market that is estimated to be worth $1 billion.

Bharti Airtel, vodafone idea, reliance jio

Non-investment in 2G network will hurt our revenues: BSNL warns Modi govt

State-run telecom operator BSNL has written to the department of telecommunications (DoT) saying that non-investment in 2G network will put its key revenue stream at risk, and cause a significant disadvantage to compete in the market.

BSNL has a debt of around Rs 20,000 crore
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