markets

 
You can skip this ad in seconds.
img

Stocks In News

 

RANE ENGINE VALVE

Seeks Members' Nod for re-appointment of L Ganesh As MD

63 MOONS TECH

Seeks Members' Nod for appointment of Rajendran Soundaram as MD & CEO

Seeks Members' Nod for appointment of Devendra Agarwal as CFO

CAG

PTI:

Private Telecom Cos under-reported revenues of Rs 61,064 Cr between FY11-15

Telcos Uznder-Reporting revenue between FY11-15

Telcos Under-Reporting revenue caused short payment of Rs 7,697.6 Cr To Govt

 

BAYER CROPSCIENCE

Gets members' nod for buyback of shares worth Rs 500 Cr

AMTEK AUTO

Enters into a pact to sell its UK based subsidiaries' plants to Liberty Group

KARNATAKA BANK

Aims export credit target of Rs 2,500 Cr for FY 2017-18

CAPITAL FIRST

To consider and approve issue of NCDs via private placement

ALPHAGEO

To consider issue of securities on preferential basis

SBI

Carlyle affiliate to be new partner in credit card JV

Carlyle Affiliate to hold 26% stake in SBI Cards

TATA SPONGE

Board approves setting up of 1.5 Mtpa Steel Plant at Odisha

TATA MOTORS

Considering offering non-convertible debentures of Rs 1,000 Cr

SBI

Economic Times Reports:

Carlyle has bought 265 in SBI card from GE Capital after SBI raised stake to 74%

Pfizer, Cipla , Dr Reddys’s Lab and Cadila

Economic Times Reports:

CDSO has declared that 66 pharmaceutical firms have failed the test for Not of Standard Quality (NSQ) drugs

CDSO is Central Drugs Standard Control Organisation

Sample tests done by National Institute of Biologicals over 2 years

At least 5 samples of drugs from the Cos failed the tests during 2014-2016

RIL

Economic Times Reports:

To Generate Rs.1Lk Cr EBIDTA from Energy in next few years

HPCL

Economic Times Reports:

May buy 2 ONGC units before the merger

May buy MRPL and OPaL

Would consolidate ONGC’s downstream operations in HPCL

HPCL will look after refining and marketing

HPCL already has a 16.96% stake in MRPL, in which ONGC holds 71.63%

OPaL: ONGC Petro Additions

ONGC has a 49.36% stake in OPaL with GAIL holding 49.21%

The government currently holds a 51.1 % stake in HPCL

Apollo Hospitals

Business Standard Reports:

Gearing up to add 2,000 more beds

Bata

Business Standard Reports: 
Board to decide over land in closed Faridabad unit

Company is considering an outright sale of the land parcel freed up with the closing of the factory

The company has to shed Rs 21.6 crore as compensation to workers

As on March 31, 2017, the company has freehold land worth Rs 24.1 crore with its plant, buildings and equipment valued at Rs 120.4 crore

Overall, its total property, plant and equipment is valued at Rs 266.6 cr

PNB, Syndicate and BOB

Business Standard Reports:

To raise combined Rs.7000cr via AT-1 Bonds

EIL

Business Standard Reports:

Engineers India’s Rs.658 cr buyback to open on 25th July

LUPIN

Lupin’s Goa facility clears US FDA inspection

Goa manufacturing facility has cleared a pre-approval inspection conducted by the US FDA between 17 July and 21 July

A pre-approval inspection (PAI) is product specific

USFDA did not make any observations related to deviations from quality norms during the inspection

Form 483 issued to Goa site post US FDA’s audit during 27 March-7 April is not yet cleared

Lupin’s unit-II and unit-III at Pithampur in Madhya Pradesh have also been issued a Form 483 by the US drug regulator

Around 40-50% of pending ANDAs have been filed from Goa plant

Persistent Systems

All Numbers of Consolidated and Comparable QoQ unless specified

$ Revenues up by 3.6% at $112 Mn Vs $109 Mn

Net Sales flat at Rs 728 Cr Vs Rs 727Cr

EBITDA down 12.1% at Rs 104 Cr Vs Rs 118 Cr

EBITDA Margin down by 70 bps at 14.3% Vs 15%

Net Profit down 3.2% at Rs. 75 Cr Vs Rs 72 Cr

AMTEK Auto: Q1FY18 Review

All Numbers of Consolidated and Comparable YoY unless specified

Net Sales down 23% by % at Rs 424 Cr Vs Rs 553 Cr

EBITDA up by % at Rs 47 Cr Vs Rs 106 Cr

EBITDA Margin down by 790 bps at 10.5% Vs 18.4%

Loss at Rs 889 Cr Vs Loss Of Rs 319 Cr

3i Infotech: Q1FY18 Review

All Numbers of Consolidated and Comparable QoQ unless specified

Net Sales down 6.2% at Rs 239 Cr Vs Rs 255 Cr

EBITDA down 42% at Rs 33.4 Cr Vs Rs 61 Cr 

EBITDA Margin down 990 bps at 13.5% Vs 23.4%

Net Profit down 76% at Rs. 8 Cr Vs Rs 34 Cr

Quess Corp: Q1FY18 Review

All Numbers of Consolidated and Comparable QoQ unless specified

Net Sales up by 5.9% at Rs 1188 Cr Vs Rs 1122 Cr

EBITDA up by 8.2% at Rs 63 Cr Vs Rs 59 Cr

EBITDA Margin up 10bps at 5.3% Vs 5.2%

Net Profit up by 19.9% at Rs. 33 Cr Vs Rs. 28 Cr

Employee headcount 1,95,000 Vs 1,27,250

IIFL Holdings Q1 FY18 Review

All Consolidated numbers compared on YoY unless specified otherwise

Net Sales up 43% at Rs 1478.5 Cr Vs Rs 1030.5 Cr

EBITDA up 37% at Rs 962.3 Cr Vs Rs 702.2 Cr

EBITDA Margin down 300bps at 65% Vs 68%

Net Profit up 59% at Rs 251.9 Cr Vs Rs 158.16 Cr

EPS at Rs 6.23 Vs Rs 4.34

CanFin Homes Q1 FY18 Review

All Consolidated numbers compared on YoY unless specified otherwise

Net Sales up 19% at Rs 368.8 Cr Vs Rs 309.6 Cr

EBITDA up 21% at Rs 345.1 Cr Vs Rs 286.7 Cr

EBITDA Margin up 100bps at 93.6% Vs 92.6%

Net Profit up 43% at Rs 71.2 Cr Vs Rs 49.8 Cr

EPS at Rs 26.75 Vs Rs 18.68

J&K Bank: Q1FY18 Review

All results are YoY unless otherwise mentioned

Net Profit up 32% at Rs 30.2 Cr Vs Rs 22.8 Cr

PPOP up 5% at Rs 368.5 Cr Vs Rs 349.3 Cr

NII up 12% at Rs 712.2 Cr Vs Rs 632.6 Cr

Provisions down 64% at Rs 278 Cr Vs Rs 768 Cr QoQ; down 11% at Rs 314 Cr YoY

Gross NPA down 6% at 5640.6 Cr Vs 6000 Cr QoQ and up 19.6% at 4714.9 Cr YoY

GNPA at 10.8% Vs 11.2% QoQ and Vs 9.3% YoY

NNPA at 4.65% Vs 4.87% QoQ and Vs 6.19% YoY

CAR at 11.1% Vs 11.89%

Additional Tier 1 capital at 9.16% Vs 10.64%

Vijaya Bank: Q1FY18 Review

All results are YoY unless otherwise mentioned

Net Profit up 57% at Rs 254.69 Cr Vs Rs 161.66 Cr

PPOP up 64% at Rs 752.55 Cr Vs Rs 458.73 Cr

NII up 20% at Rs 943.8 Cr Vs Rs 782.64 Cr

Provisions up 19% at Rs 411 Cr Vs Rs 344.5 Cr QoQ; up 62% at Rs 253 Cr YoY

Gross NPA up 6.7% at 6812.2 Cr Vs 6381.8 Cr QoQ; up 3.3% at 6589.2 Cr YoY

GNPA at 7.3% Vs 6.6% QoQ; 7.31% YoY

NNPA at 5.24% Vs 4.36% QoQ; 5.42% YoY

CAR at 12.73% Vs 12.66%

Srei Infra Q1 FY18 Review

Net Sales up 7% at Rs 1191.32 Cr Vs Rs 1114.13 Cr

EBITDA up 3% at Rs 1039 Cr Vs Rs 1012.84 Cr

EBITDA Margin down 300bps at 87% Vs 90%

Net Profit up 59% at Rs 81.15 Cr Vs Rs 50.86 Cr

EPS at Rs 1.52 Vs Rs 1.03

Financial Services up 54% at Rs 105.83 Cr Vs Rs 68.33 Cr

Infrastructure equipment srvs up 157% at Rs 11.13 Cr Vs Rs 4.32 Cr

Thirumalai Chemicals Ltd Q1 FY18 Review (Consolidated)

All numbers compared on YoY unless specified otherwise

Net Sales up 47% at Rs 348.87 Cr Vs Rs 236.61 Cr

EBITDA up 55% at Rs 63.2 Cr Vs Rs 40.8 Cr

EBITDA Margin at 18.1% Vs 17.2%

Net Profit up 64% at Rs 33.2 Cr Vs 20.2 Cr

EPS at Rs 32.43 Vs Rs 19.77

LUMAX Industries Ltd Q1 FY18 Review (Consolidated)

Net Sales up 15% at Rs 390.2 Cr Vs Rs 339.3 Cr

EBITDA up 7% at Rs 26.4 Cr Vs Rs 24.7 Cr

EBITDA Margin at 6.8% Vs 7.3%

Net Profit up 17.5% at Rs 15.2 Cr Vs 12.9 Cr

EPS at Rs 16.21 Vs Rs Rs 13.76

Avenue Supermarts Ltd Q1 FY18 Review (Consolidated)

All numbers compared on YoY unless specified otherwise

Net Sales up 36% at Rs 3598.1 Cr Vs Rs 2652.4 Cr

EBITDA up 29% at Rs 303.2 Cr Vs Rs 234.8 Cr

EBITDA Margin at 8.4% Vs 8.9%

Net Profit up 48% at Rs 174.8 Cr Vs 118.44 Cr

EPS at Rs 2.8 Vs Rs 2.11

Tinplate Company Of India Ltd Q1 FY18 Review (Consolidated)

All numbers compared on YoY unless specified otherwise

Net Sales up 114% at Rs 86.6 Cr Vs Rs 40.4 Cr

EBITDA up 78% at Rs 36.9 Cr Vs Rs 20.7 Cr

EBITDA Margin at 15.6% Vs 12.9%

Net Profit 6.2x at Rs 14.1 Cr Vs Rs 1.96 Cr

Tata Sponge Iron Ltd Q1 FY18 Review (Consolidated)

All numbers compared on YoY unless specified otherwise

Net Sales up 61% at Rs 191.5 Cr Vs Rs 119 Cr

EBITDA 1.75x at Rs 48.9 Cr Vs Rs 17.7 Cr

EBITDA Margin at 25.5% Vs 14.9%

Other Income Up 7% at Rs 10.3 Cr Vs Rs 9.6 Cr

Net Profit up 190% at Rs 30.6 Cr Vs Rs 10.6 Cr

MRPL Q1 FY18 Review

All numbers compared on YoY unless specified otherwise

Net Sales up 25% at Rs 14494.6 Cr Vs Rs 11590.7 Cr

EBITDA down 58% at Rs 603.1 Cr Vs Rs 1450.1 Cr

EBITDA Margin at 4.2% Vs 12.5%

Net Profit down 67% at Rs 234 Cr Vs 718.5 Cr

Op. GRM at $7.07/bbl Vs $5.29/bbl

Inventory Loss at $2.33/bbl Vs gain of $4.72/bbl

GRM at $4.74/bbl Vs $10.01/bbl

  • SENSEX

    32,245.87 216.98   (0.68 %)
  • NIFTY

    9,966.40 51.15   (0.52 %)
img

Video:

Play this video
Exclusive - Green homes: Next big bet

News In Brief

 

    UP U-turn on separate lanes for VIPs at toll plazas

    Lucknow: Facing flak over its advisory for ensuring separate lanes for VIPs at toll plazas in Uttar Pradesh, the state government on Monday took a U-turn and said the earlier system of same lanes for all vehicles will be adhered to.  

    The state was earlier rapped for its communique to all Divisional Commissioners, District Magistrates, Chief Engineers of Public Works Department and regional officers of National Highways Authority of India, seeking special lanes at toll plazas across the state for VVIPs -- members of Parliament, legislators and ministers.

    Additional Chief Secretary (Urban Development) Sadakant in a letter issued on Monday to these officials said the earlier instructions were "misinterpreted".  He clarified that the issue was mooted since 'vishisht mahanubhav' (VIPs) had difficulty in commuting in case of traffic jams at the toll plazas.  

    The state government's move for separate lanes for VIPs was questioned since the Centre had earlier banned use of beacon lights and sirens on official vehicles, except in particular cases.

    (IANS)

    Fire breaks out in Lok Nayak Bhawan

    New Delhi: A major fire broke out on Monday in a government building, housing offices including of the Enforcement Directorate and Income Tax Department among others, officials said. No injuries were reported.  

    The fire was reported on the fourth floor of the Lok Nayak Bhawan in the upscale Khan Market area around 4 p.m, officials said.  "We have sent 26 fire tenders to the spot," a fire official told IANS.  The building was vacated soon after the fire broke out. The reason of fire is yet to be ascertained.

    (IANS)

    Lady Gaga pays tribute to Amy Winehouse

    Los Angeles: "Paparazzi" hitmaker Lady Gaga has paid a heart-wrenching tribute to Amy Winehouse on the sixth anniversary of her death."We all miss you and your voice Amy. Good time to remember to treat people that we love with dignity and respect.

    "We all miss you and your voice Amy. Good time to remember to treat people that we love with dignity and respect.

    What a talent," Gaga captioned a photo of Winehouse on Twitter, reports mirror.co.uk. Winehouse passed away aged 27 on July 23, 2011 due to alcohol poisoning. 

    (IANS)

    Not sure if 39 missing Indians in Mosul are alive: Iraq

    New Delhi: Iraqi Foreign Minister Ibrahim Al-Jaafari on Monday said he was not sure if the 39 Indians missing in Mosul since 2014 were still alive.

    (IANS)

    Explosion in Lahore kills nine

    Lahore: At least nine people were killed in an explosion in a Lahore market on Monday, the media reported.  Senior police official Imran Awan said the bodies had been shifted to a hospital and some 15 others, including policeman, had been injured, Dawn News reported.

    According to Awan, an anti-encroachment drive was underway at the Kot Lakhpat vegetable market near Arfa Karim Software Technology Park when the explosion took place.  

    A fire erupted after the explosion. Glass panes of nearby buildings were shattered.  The area where the blast took place is supposed to be one of the most secure neighbourhoods of Lahore, just 100 metres from Punjab Chief Minister Shahbaz Sharif's office.

    (IANS)

    Parliament gives nod to Footwear Design Institute Bill

    New Delhi: Parliament on Monday passed the Footwear Design and Development Institute Bill that seeks to establish the Footwear Design and Development Institute as an institution of national importance with the Rajya Sabha's nod to the law.  The Bill, introduced by Commerce and Industry Minister Nirmala Sitharaman, was passed after discussion. The Lok Sabha has already passed the Bill.  

    As per the Bill, the functions of the institute include developing and conducting courses and research related to footwear and leather products' design and development and working as a national resource centre for curriculum development, training and skill development in the leather sector.

     It will grant degrees, diplomas and certificates to the students.  The institute will be run by a governing council that will supervise matters related to the institute, and a senate as its principal academic body.  It will be funded by grants from the central government, the fees collected from students and other sources.

    (IANS)

    Reliance Nippon Life Asset Management Q1 profit up 27%

    Mumbai, July 24 (IANS) Reliance Nippon Life Asset Management on Monday said its profit after tax increased by 27 per cent to Rs 103 crore for the first quarter ended June 30, 2017.  According to Reliance Nippon Life Asset Management, its revenues for Q1 FY18 stood at Rs 378 crore -- up 23 per cent.

     "The company continues to strengthen its position by reaching out to the masses and by growing even in B15 cities.  "Our focus will be to create wealth for investors and long-term profitable growth for the company," Sundeep Sikka, Executive Director and CEO of Reliance Nippon Life Asset Management, said in a statement.  

    Reliance Nippon Life Asset Management, formerly Reliance Capital Asset Management, is the asset manager of Reliance Mutual Fund Schemes.

    (IANS)

    Tourists harassed by traffic police: Goa Deputy Speaker

    Panaji: Goa Assembly Deputy Speaker Michael Lobo on Monday accused the traffic police of "harassing" tourists in the state, especially in its coastal belt.  Domestic tourists, especially honeymooning couples, are routinely harassed by the traffic police, Lobo told the assembly during a discussion on the Home Department's functioning.  

    "Indian as well as foreign tourists are hassled every second day. If a tourist comes here (and rides a scooter), in his three-day stay he is stopped six times by cops. I don't want to say beyond that," Lobo said.  

    Lobo is a legislator from Calangute constituency, which is home to popular beaches.  He said the constabulary should be discouraged from imposing fines for traffic violations on visitors.Over four million tourists, including half a million foreingers, visit Goa every year.

    (IANS)

    RBI sets rupee reference rate at 64.4494 against dollar

    Mumbail The Reserve Bank of India today fixed the reference rate of the rupee at 64.4494 against the US dollar and 75.1287 for the euro.

    The corresponding rates were 64.3185 and 74.8796, as on July 21,2017. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.8164 and 58.01 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

    The SDR-rupee figure will be based on this rate, the statement added.

    (PTI)

    Six Congress MPs suspended for five sittings in Lok Sabha

    New Delhi: Lok Sabha Speaker Sumitra Mahajan on Monday suspended six Congress members from five sittings because of their unruly conduct.

    The six are Gaurav Gogoi, Adhir Ranjan Chowdhury, Ranjit Ranjan, Sushmita Dev, M.K. Raghav and K. Suresh.

    (IANS)

    Army apologizes for beating up eight policemen

    Srinagar: The Army has apologized for beating up eight policemen in Jammu and Kashmir's Ganderbal district, a senior police official said on Monday.  "The Army has apologized and ordered a court of inquiry," Inspector General of Police Munir Ahmad Khan told the media here.

     This happened after the Director General of Police lodged a strong protest against the Saturday evening incident when the soldiers returning from the Amarnath Yatra were stopped at a checkpost in Gund area by the policemen.

    (IANS)

    Pandher, Koli sentenced to death for serial rape, murder

    Ghaziabad: A CBI court on Monday convicted businessman Maninder Singh Pandher and his domestic help Surender Koli to death in the Nithari serial rape and murder case.  

    Special Judge Pawan Kumar Tripathi gave the ruling after finding them guilty of rape, murder, abduction and criminal conspiracy over the killing of a 20-year-old woman.

    (IANS)

    24 killed in Kabul suicide blast

    Kabul: At least 24 people were killed and 42 others injured on Monday in a suicide blast here, the Afghan Interior Ministry confirmed.  The blast occurred at around 6.40 a.m., when a Toyota Corolla exploded in the city's Police District 3, Interior Ministry spokesman Najib Danish told CNN.

    In a statement to local media, the Taliban claimed responsibility for the attack.  The group was targeting a bus carrying Afghan intelligence staff, Taliban spokesman Zabiullah Mujahid said. The explosion took place near the residence of Mohammad Mohaqiq, second deputy of Chief Executive Abdullah Abdullah, the ministry added.

    Afghanistan's Chief Executive, Abdullah Abdullah, "strongly condemned" the attack.  "I strongly condemn the terrorist attack on civil servants in Kabul today," he tweeted.   According to Tolo News, three vehicles and 15 shops were also damaged in the attack.

    (IANS)

    Modi condoles death of ex-ISRO chief

    New Delhi: Prime Minister Narendra Modi on Monday expressed grief over the death of former ISRO chief U.R. Rao. He said Rao's contribution to India's space research will always be remembered.

    "Saddened by the demise of renowned scientist, Professor U.R. Rao. His remarkable contribution to India's space programme will never be forgotten," Modi said in a tweet.

    Veteran Indian Space Research Organisation (ISRO) scientist U.R. Rao passed away at his residence in Bengaluru around 3 a.m. after prolonged illness due to age-related health issues. He was 85.  Rao was the ISRO chairman for a decade from 1984 to 1994.

    (IANS)

     

    Philips reports Q2 profit growth with strong order intake

    Amsterdam: Dutch health technology company Philips on Monday said its core profit in the second quarter rose to 439 million euros ($512.31 million), in line with expectations, as sales grew 4 percent and its order intake was "strong".

    Analysts polled by Reuters had predicted average adjusted earnings before interest, taxes, and amortisation (EBITA) of 438 million euros, with a like-for-like sales growth of 4 percent.

    Philips expects further operational improvements and comparable sales growth towards the end of the year, as it saw order intake increase 8 percent in the second quarter.

    (Reuters) 

    Singapore June all-items CPI rises 0.5 percent, less than expected

    Singapore: Singapore's headline consumer price index in June rose 0.5 percent from a year earlier, less than forecast, as falls in accommodation costs weighed on overall inflation, data showed on Monday.

    The median forecast in a Reuters poll was for a rise of 0.7 percent.

    In May, the all-items consumer price index (CPI) increased 1.4 percent.

    Singapore's core inflation gauge rose 1.5 percent in June from a year earlier, after increasing 1.6 percent in May. The median forecast was for another rise of 1.6 percent.

    (Reuters)

    UP to launch all-women 'Pink' buses

    Lucknow: The Uttar Pradesh government will soon launch 'Pink' air-conditioned buses exclusively for women, an official said on Monday.  The union government's Ministry of Women and Child Development has sanctioned funds for the 50 buses from its 'Nirbhaya Fund'.  

    The staff, including conductor in these buses will be women, the official added.   A presentation for these buses was made before ministry officials on July 21 by the Uttar Pradesh State Road Transport Corporation (UPSRTC) authorities.

     The ministry has mandated the state government to buy the buses and also to purchase and install CCTV cameras in the other 12,500 buses owned by the UPSRTC.  The 'Pink' buses will have panic buttons installed for emergencies. 

    (IANS)

img

Global Markets

 

twitter @BTVI