Car sales rise 9.5 % in September

Oct 09 2015

Car sales grew 9.5 % in September month. dta coming from SIAM suggest sale of two wheelers down by 1 % YoY while sale of commercial cars up by 12%. Chetan Bhutani gets us more details.

USFDA approvals surge in 2015

Oct 09 2015

Massive improvement in USFDA approvals for ANDA's in 2015 as compared to last year. Anku Goyal gets us more details.

Land: Ball in States' court

Sep 04 2015

September 4: Economist Arvind Panagariya has long been a proponent of Land acquisition reforms and now as Niti Aayog's Vice Chairman, he believes that the State Govt. should take cues from the land regime which has been brought in by Tamil Nadu to make Land acquisition easier. He spoke to Siddharth Zarabi earlier and clarified that 13 central acts will be exempted from social impact and consent clauses under the latest regime induced by PM Modi. Here's more from that exclusive conversation.

Rajan's rollercoaster ride

Sep 04 2015

September 4: He is India's Celebrity Governor. And he completes 2 years at the helm of India's Central Bank the RBI today. During this period, Raghuram Rajan has had anything but an easy journey. Striking a balance between Inflation and Growth, deficient monsoons to ballooning NPA stress - Rajan has had a lot on his plate. Here we bring you - in this report - Rajan's hits & misses over the last 2 years.

Autos struggle to gain momentum

Sep 03 2015

September 3: THE 55th Annual SIAM Convention saw the who's who of the auto industry yesterday. The summit came at a time when the auto industry is facing tough times. So when is a recovery likely? To discuss this and more, Anupriya Nair and Sunanda Jayaseelan are being joined by Rohan Korde, Research Analyst at Prabhudas Lilladher.

China jitters weigh on India

Sep 03 2015

September 3: Raghuram Rajan will not play to the gallery - that's the word from Narayana Murthy on the back of increasing calls for a rate cut. Bloomberg spoke to the founder of Infosys who believes India is very lucky to have Rajan as RBI Governor. On the Yuan devaluation, Murthy adds that the move will impact not just the Rupee but also global currencies.

Deflation woes = Rate cut hopes

Sep 03 2015

September 3: While markets struggle to keep their head above water, the situation is no better on the economy front. India is closer to deflation than inflation - that's the word from Chief Economic Adviser - Arvind Subramanian. So will Raghuram Rajan oblige with a rate cut later this month? To discuss this and more, we are being joined by Radhika Rao from DBS Bank and Siddhartha Sanyal, Chief India Economist at Barclays Capital.

Cabinet clears oil-field auction

Sep 03 2015

September 3: In a paradigm shift in India's Oil Exploration Policy, the Government has moved to a revenue sharing framework for marginal oil fields. The cabinet approved the auctioning of ONGC and Oil India fields as well as that of 69 small & marginal oil fields which will now be available to private players. To discuss what this means for the oil & gas space and the impact it will have, we are being joined by Mayank Ashar, MD & CEO of Cairn India.

Exploration Policy: Paradigm shift

Sep 03 2015

September 3: In a paradigm shift in India's Oil Exploration Policy, the Government has moved to a revenue sharing framework for marginal oil fields. The cabinet approved the auctioning of ONGC and Oil India fields as well as that of 69 small & marginal oil fields which will now be available to private players. Pronoy Nath Banerji joins in on this conversation.

Autos struggle to gain momentum

Sep 02 2015

September 2: The Annual SIAM Summit is underway in the Capital at a time when the Auto Industry is facing tough times and the view from head honchos of the two wheeler industry, which is struggling the most, is that a turnaround is not coming at least for another quarter.


Indian Markets


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Stocks In News



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



Agrees to go ahead with insolvency proceedings


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


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


Plans to double output in 3 years


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


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


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


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


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

Fidelity sells 4.4 Lk shares



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

Wasatch already owns over 17 Lk shares in the company


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


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


Monetises investment in Advinus for Rs 17.3 Cr


Bags order for supply of 1 Lk MT Pipes

Current order book crosses 699K MTs Pipes

Order book worth Rs 4200 Cr


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


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


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

Jaiprakash Associates up 178% in 2017


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

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


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


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


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


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


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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