Watch India Inc's top leaders, ace economists & macro-economic experts speak on the day's big trends & developments.
July 29: It was a strong first quarter from escorts. Profits grew 34% while margins have seen a steady growth as well. To discuss the quarter gone by, BTVI’s Pronoy Nath Banerji and Hiral desai are joined by Bharat Madan, the CFO at Escorts.
July 29: It was a strong quarter for Hexaware technologies as the company's dollar revenue saw a healthy growth while profits and margins have seen a steady growth as well. BTVI’s Pronoy Nath Banerji is joined by R Srikrishna, ED and CEO at Hexaware, to discuss the quarter gone by.
July 29: Let’s begin this earnings special with HCC. The company has posted a muted quarter. While profits have seen a marginal increase, margins have declined. To discuss the quarter gone by, BTVI’s Pronoy Nath Banerji is joined by Praveen Sood, Group CFO at HCC.
July 28: JSW Steel reported a stellar set of numbers in the April to June quarter. Profits have seen a stellar rise to Rs. 1,109 Cr. This comes on the back of a good operational performance despite higher tax cost. Shilpa Ranipeta of BTVI spoke to the Joint MD & Group CFO at JSW Steel, Seshagiri Rao and began by asking him what the company's growth drivers were. Listen in.
July 28: The Federal Reserve has left the door open for a potential rate hike in September adding that risks to the US economy have subsided and the labor market is getting tighter. After a two-day meeting in Washington - the FOMC reiterated that the panel continues to closely monitor growth, inflation and global developments. To discuss more about the same, Pronoy Nath Banerji of Bloomberg TV India is joined by Greg Gibbs, Founder of Amplifying Global Forex Capital.
July 28: Shifting focus to domestic earnings now. RPG Life sciences has posted a healthy set of numbers. Profits and margins have seen a healthy growth. To discuss the quarter gone by, Pronoy Nath Banerji of Bloomberg TV India is joined by CT Renganathan, MD at RPG Life Sciences.
July 27: Moving on to the cement sector, ACC and Ambuja Cements posted their earnings yesterday. While ACC numbers missed volume estimates, Ambuja delivered a stellar quarter on the back of a strong margin boost. To discuss mor4e about the quarter gone by, Pronoy Nath Banerji of Bloomberg TV India is joined by Mangesh Bhadang of Nirmal Bang.
July 27: It was a disastrous set of numbers in the first quarter from Dr. Reddy's Labs. Losses in the Venezuela business had a huge hit on the profits. To discuss the quarter gone by, Pronoy Nath Banerji of Bloomberg TV India is joined by Saumen Chakraborty, the CFO at Dr Reddy's Labs.
July 27: A good set of numbers posted by Zee Entertainment. Profits grew to 217 Cr while margins grew to 28.8% as well. To discuss the quarter gone by, Pronoy Nath Banerji of Bloomberg TV India is joined by Mihir Modi, Chief Finance and Strategy Officer at Zee Entertainment.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)