Tesla to recall 53,000 cars over parking brake issue

 
  • Apr 21 2017
Tesla to recall 53,000 cars over parking brake issue
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Latest Post

 
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Free Iranian citizens, Iran tells U.S. in response to Trump

Jul 23 2017

Iran demanded on Saturday that the United States release Iranians detained there.

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Kuwaiti oil minister says further production cuts are possible

Jul 23 2017

Kuwait's oil minister said on Saturday that compliance with oil production cuts is good and that deeper cuts are possible.

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Mexico economy minister eyes multiple rounds of NAFTA talks

Jul 23 2017

There could be between six to nine rounds of negotiations between the US, Canada and Mexico in the North American Trade Agreement

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Macron to discuss Ukraine with Putin, Merkel and Poroshenko

Jul 23 2017

Macron will call the leaders of Russia, Germany and Ukraine on Monday to discuss the conflict in eastern Ukraine.

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World Bank orders Argentina to pay $320 million over seized airl

Jul 23 2017

The World Bank's arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans.

Stocks In News

 

IDBI BANK

Mint Reports:

Steps up sale of non core assets

Seeks to offload 5% in CCIL to strengthen its weak capital base

Aiming to garner Rs 5,000 Cr through such sales

In June, the Bank sold 2.5% stake in CCIL

 

ABG SHIPYARD

Agrees to go ahead with insolvency proceedings

JAYPEE INFRA

Business Standard Reports:

NCLT gave Jaypee Infratech time till 4 Aug

To respond to a petition of insolvency filed by IDBI Bank

Company owes Rs 4000 Cr to IDBI, total dues to all banks are Rs 9,365 Cr

COAL INDIA

Business Standard Reports:

NCLT has stayed rulings by the Competition Commission Of India

Coal India had abused it's dominant position

In framing fuel supply agreements with Gujarat Heavy Chemicals and MP Power Generating Company

JSW CEMENT

Plans to double output in 3 years

Indigo

Economic Times Reports:

Promoters plan stake sale to meet norms

Indigo is planning an institutional share sale

The sale aims at cutting its owners stake to achieve min public shareholding of 25%

The company must sell 10.85% stake worth Rs 4900 Cr

BAJAJ AUTO

Economic Times Reports: May join KTM in race to buy Ducati

Bajaj owns 48% stake in KTM

KTM is said to be closing on the European brand

ONGC- HPCL UNION

FM to head panel for ‘Quick Decisions’ on ONGC- HPCL Union

Nitin Gadkari, Dharmendra Pradhan to assist Jaitley in taking calls on timing and pricing of deal

ICICI BANK

Financial Express Reports:

Opposes Ramasarup insolvency petition at NCLT

First time a bank opposes a defaulters initiation to insolvency

ICICI Bank exposure stands at Rs 70 Cr

V- MART

GMO buys 2.9 Lk shares of V-Mart Retail at Rs 1,143 Per Share

Fidelity sells 4.4 Lk shares

 

BYKE HOSPITALITY

Wasatch buys 6 Lk shares of Byke Hospitality at Rs 190 Per Share

Wasatch already owns over 17 Lk shares in the company

GRAPHITE INDIA

Morgan Stanley buys 12 Lk shares of Graphite India at Rs 196.4 Per Share

FOOTWEAR STOCKS IN FOCUS

Economic Times Reports:

Rs 2600 Cr incentive package for leather sector likely soon

Incentive package to boost exports and job creation

Package has already been approved by the expenditure finance committee

RALLIS INDIA LTD

Monetises investment in Advinus for Rs 17.3 Cr

WELSPUN CORP

Bags order for supply of 1 Lk MT Pipes

Current order book crosses 699K MTs Pipes

Order book worth Rs 4200 Cr

BHARTI AIRTEL

Allegations made by RJio regarding Airtel Earning Excess Revenue is false

Industry cost for bill & keep regime with Zero Mobile Terminated Charge (MTC) will be Rs 15-20,000 Cr

Zero MTC will allow Jio to price services in a predatory manner

Jio wants Zero MTC for transferring cost to Airtel and other operators

TRAI's MTC of 14 Paise is below current cost of 35 Paise per minute

Airtel looses Rs 550 Cr Per Quarter due to under pricing of MTC

BALAJI TELEFILMS

To issue 2.52 Cr shares to RIL for Rs 413 Cr at Rs 164/Share

Deal values Balaji Tele at Rs 1600 cr

RIL picks up 24.9% stake in the Co

JP ASSOCIATES

Rakesh Jhunjhunwala Picks Up 1.03% Stake In Jaiprakash Associates in Q1

Jaiprakash Associates up 178% in 2017

STERLITE TECH/ HFCL/ AKSH OPTIFIBRE

Telecom Officials: Expect to award work for BharatNet Phase II by October-End

State-Run, Private Players expected to bid for BharatNet Phase II

JET AIRWAYS

Sources To Reuters: To cut pay of junior pilots by 30-50% from Aug 1

Jet has asked junior pilots to take 30% cut in their salaries or leave the organization

Jet is facing pressure on profitability

Pilots will be offered 10 days leave and will be paid for only 20 days in a month

MAHINDRA CIE: Q1FY18 REVIEW (YOY)

Sales up 12.2% at Rs.503 Cr Vs 448 Cr

EBITDA up 4% at Rs46.6 Cr Vs Rs 44.7 Cr

EBITDA Margins down 70bps at 9.2% Vs 9.9%

Net Profit up by 54% at Rs 17 Cr Vs Rs 11 Cr

ZENSAR TECH: CONSOL REVIEW Q1FY18

Sales up 5% at 756.91 Cr Vs Rs 720.51 Cr QoQ

EBITDA up 166% at Rs 95.04 Cr Vs Rs 35.71 Cr QoQ

EBITDA margins at 12.5% Vs 5% QoQ

Net Profit up 348% at Rs 48.08 Cr Vs Rs 10.73 Cr QoQ

RBL BANK: Q1FY18 REVIEW(YOY)

Net Profit up 44.87% at Rs.141 Cr Vs Rs.97.34 Cr

NII up 54.66% at Rs.378 Cr Vs Rs.244 Cr

GNPA Ratio at 1.46% vs 1.2% QoQ

NNPA Ratio at 0.81% Vs 0.64 % QoQ

CUPID LTD: Q1FY18 RESULTS REVIEW (YOY)

Revenue up by 21% at Rs 19 Cr Vs Rs 16 Cr

EBIDTA up by 13% at Rs. 6.58 Cr Vs Rs.6.41 Cr

EBIDTA Margin down by 700 bps at 33.5% Vs 40%

Net Profit up by 12.86% at Rs 4.3 Cr Vs Rs 3.8 Cr

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EXCLUSIVE ARTICLES

 
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Mallya offers to settle dues, banks await more clarity

Jul 23 2017

The embattled liquor baron Vijay Mallya once again offered to settle his Rs 9,000 crore debt with lenders.

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Exclusive: New 1,000 note in the offing?

Jul 23 2017

The specifications and security features of the new Rs 1,000 note have been finalised.

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Exclusive - Dhampur Sugar Mills under tax net

Jul 23 2017

The I-T Department has conducted survey at the corporate office of Dhampur Sugar Mills in New Delhi between January 4 and January 7.

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Demonetisation a big bold step, Budget must roll out stimulus

Jul 23 2017

Reliance Capital chief investment strategist Madhusudan Kela says government is in a “sweet spot” and has space to roll out stimulus in the Budget.

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Month after demonetisation, Rs 15,150 cr of new Rs 500 notes printed

Jul 23 2017

Scarcity of new Rs 500 notes was due to the fact that final decision to print large volumes was only taken after Nov 8.