The Courtroom on Bloomberg TV India is your weekly guide to the courtrooms of the country. The show brings you news from the legal arena along with in-depth analysis and thought-provoking insights from the country's legal eagles.
July 1: In a bid to create a participative, transparent and responsive governance structure, Prime Minister Narendra Modi will launch the ambitious 'Digital India' programme today. Nazia Iqbal gets us more details on this
May 9: K.P. Krishnan, DG & Additional Secretary, Department Of Economic Affairs, says that the Indian Finance Code needs to be rewritten. In a panel discussion with Vivek Law, Krishnan, National Institute of Public Finance and Policy’s Ajay Shah and Planning Commission Deputy Chairman Montek Singh Ahluwalia, discuss in detail the laws safeguarding the financial sector and the new Companies Act.
May 9: Justice A.K. Sikri, Supreme Court & Former Chief Justice, Punjab & Haryana High Court, says that a critical analysis of the new Companies Act provisions has still not begun. “Many provisions of new Companies Act need change,” he adds. Stating that one cannot put entire blame for delay in insolvency cases on judiciary, Justice Sikri tells Vivek Law that judiciary seeks just & fair resolution of any dispute.
January 8: A day after filing the first chargesheet in the NSEL scam, the Economic Offences Wing of the Mumbai Police has now turned the heat on leading brokerages. The Mumbai EOW has issued summons to directors and officials of 28 brokerage firms in order to expedite its investigations into the scam. Bloomberg TV India brings you the exclusive updates on this developing story.
January 8: There will soon be clarity on premium payments for highway projects. Bloomberg TV India learns that the C Rangarajan Committee, which had been tasked with formulating the guidelines, is ready with its report. We give you the exclusive details on the recommendations in this report, which will be submitted to the finance ministry in the next 48 hours after which the CCEA will have to clear it.
December 19: Anand Desai, Managing Partner, DSK Legal, says that companies are increasingly trying to get out of the debt crisis. Further he adds that the companies’ exposure to commercial issues is more now.
December 19: “Recently, we have seen an increase in the courts pulling up errant companies and promoters,” says, Anand Desai, Managing Partner, DSK Legal. Further, he adds that the language of these judgements have also been strong.
December 19: How is the legal fraternity reacting to the spate of orders from the courts with scathing observations for what it sees as errant promoters and companies? Bloomberg TV India finds out if this is being seen as a result of investors increasingly approaching the courts.
December 19: There have been a spate of orders from the courts with scathing observations for what it sees as errant promoters and companies. Bloomberg TV India’s Avantika Gode gets you the details of the most recent Zenith winding up petition and also shares the details of the orders passed against Videcon and Majestic Infracon.
December 19: Rukshad Davar, Partner, Majmudar & Partners, says that as the promoters are being hauled by courts, it is sending a positive message to investors.
ION EXCHANGE: Q1FY18 REVIEW
Net Profit at Rs 7.3 Cr Vs Rs 8.1 Cr
Total Income at Rs 214 Cr Vs Rs 207 Cr
EBITDA at Rs 17.5 Cr Vs Rs 17.7 Cr
EBITDA Margin at 8.2% Vs 8.6%
EVEREST Q1 FY18 REVIEW
Net Sales up 0.4% at Rs 378 Cr Vs Rs 376.6 Cr
EBITDA up 29% at Rs 32.1 Cr Vs Rs 24.9 Cr
EBITDA Margin at 8.5% Vs 6.6%
Net Profit up 33% at Rs 22 Cr Vs Rs 17 Cr
SIYARAM SILK MILLS Q1 FY18 REVIEW
Net Sales up 13% at Rs 320.6 Cr Vs Rs 282.7 Cr
EBITDA up 11% at Rs 33.1Cr Vs Rs 29.9 Cr
EBITDA Margin at 10.3% Vs 10.6%
Net Profit up 26% at Rs 10.4 Cr Vs Rs 8.2 Cr
NESTLE Q1 FY18 REVIEW
Net Sales up 7% at Rs 2469 Cr Vs Rs 2301 Cr
EBITDA down 3% at Rs 466.6 Cr Vs Rs 482.6 Cr
EBITDA Margin at 18.8% Vs 20.8%
Net Profit up 10% at Rs 263.4 Cr Vs Rs 240.2 Cr
Other Income up 12% at Rs 412.3 Cr Vs Rs 367.5 Cr
MPHASIS: Q1FY18 REVIEW
Net Sales up 2% at Rs 1535 Cr Vs Rs 1505 Cr
EBITDA down 3.4% at Rs 276 Cr Vs Rs 286 Cr
EBITDA Margin down 100 bps at 17.4% Vs 18.4%
Net Profit up 1.6% at Rs 187 Cr Vs Rs. 184 Cr
RADICO KHAITAN: Q1FY18 REVIEW
Net Sales up 13.7% at Rs 1375 Cr Vs Rs 1209 Cr
EBITDA up 28% at Rs 67 Cr Vs Rs 52 Cr
EBITDA Margin up 60bps at 4.8% Vs 4.2%
Net Profit up 56% at Rs. 25 Cr Vs Rs. 16 Cr
HCL INFOSYSTEMS : Q1FY18 REVIEW
Net Sales down 16% at Rs 685 Cr Vs Rs 823 Cr
EBITDA Loss at Rs 11 Cr Vs Loss Of Rs 12 Cr
AGRO TECH FOODS : Q1FY18 REVIEW
Net Sales down 2.6% at Rs 187 Cr Vs Rs 192 Cr
EBITDA stable at Rs 14 Cr Vs Rs 14 Cr
EBITDA Margin up 20 bps at 7.4% Vs 7.2%
Net Profit up 12% at Rs. 6.5 Cr Vs Rs. 5.8 Cr
Net Sales down 3.7% at Rs 787.2 Cr Vs Rs 817.4 Cr
EBITDA down 73% at Rs 21.17 Cr Vs Rs 78.95 Cr
EBITDA Margin at 2.6% Vs 9.6%
PAT down 77% at Rs 10.3 Cr Vs Rs 45.6 Cr
ADLABS ENTERTAINMENT Q1 FY18 REVIEW
Net Sales up 0.7% at Rs 86.78 Cr Vs Rs 86.18 Cr
EBITDA up 6.5% at Rs 32.4 Cr Vs Rs 30.4 Cr
EBITDA Margin at 37.4% Vs 35.3%
Loss at Rs 22.51 Cr Vs loss of Rs 19.22 Cr
L&T FINANCE Q1 FY18 REVIEW
Net Sales up 16% at Rs 2365 Cr Vs Rs 2030 Cr
EBITDA up 8% at Rs 1591Cr Vs Rs 1473 Cr
EBITDA Margin at 67% Vs 72%
Net Profit up 49% at Rs 309 Cr Vs Rs 207 Cr
Van Dyck sells 3.9% Equity/Sh
Warhol sells 9.6% Equity/Sh
Ashish Kacholia brings 1.5% Equity/Sh
Bengal Finance & Investment brings 2.5% Equity/Sh
BNP Paribas Arbitrage brings 0.8% Equity/Sh
IDFC MF brings 0.6% Equity/Sh
Rajasthan Global Sec brings 1.1% Equity/Sh
Chrys Capital sells entire stake in KPIT Technologies
Chrys Capital sold entire 13.8% stake in company on account of fund closure
SHREE RENUKA SUGARS
Shree Renuka Sugars to consider fund raising
Microsoft collaborates with Sonata Software
Axis Bank to announce strategic initiatives
Snapdeal board clears the decks for sale of FreeCharge to Axis Bank
The proposed deal will value FreeCharge at Rs 385 Cr -Rs 390 Cr