Newsroom

 
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Newsroom presents the latest insight, special features and live reporting on the day’s major issues. It delves deeper into the latest developments and explores their impact on markets through expert analysis and interviews with top business leaders.


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Vodafone Case: IT Dept Moves SC

May 13 2016

Latest in the tRansfer Pricing Case between Vodafone and Income Tax Department, the IT department ahs movd the Apex Court against the Vodafone in Rs 8500 Cr case. Ashpreet Sethi gets more details

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Chopper Deal derails Parliament

Apr 27 2016

April 27: Sparks fly in the Rajya Sabha as Subramanian Swamy drags Sonia Gandhi's name in the Agusta Westland Helicopter bribery case. Bloomberg TV India’s Avni Raja shares the details.

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D-Day for JSW-JSPL Deal?

Apr 27 2016

April 27: Sajjan & Naveen Jindal, are all set to ink the deal for the 1,000 MW Chattisgarh Plant. Reports indicate that the boards of both companies will meet today to approve the deal. As we had reported last Friday, the deal may involve multiple phases & a takeover of Jindal Power's debt by JSW. Pronoy Nath Banerji of Bloomberg TV India has the details.

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New twist in Sebi Vs Sahara case

Apr 27 2016

April 27: New twist and turns in the Sebi Vs Sahara case at the Supreme Court. The Apex Court says it is open to releasing Sahara Chief, Subrata Roy if the plan to sell Sahara assets yields results. Ashpreet Sethi gets us more details on the same.

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Mondelez's 7th plant in India

Apr 26 2016

April 26: Mondelez - the maker of Cadbury chocolates and Oreo Biscuits, has started production at its $ 190 Million factory in Andhra Pradesh. This is the company's largest plant in the Asia-Pacific region. Shilpa Ranipeta of Bloomberg TV India caught up with Chandramouli Venkatesan, the Managing Director at Mondelez India who says that expansion of the multi-product facility is on the cards. Here is a slice of that conversation.

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Strengthening debt recovery laws

Apr 26 2016

April 26: The Government is working on toughening the debt recovery laws. Sources say that the centre is looking to bring some amendments to the debt recovery law which will be tabled in the current parliament session. Bloomberg TV India’s Ashutosh Kumar has the details.

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A galaxy filled with fantasy!

Apr 22 2016

April 22: It's time to roll out the red carpet. From the deep, dark jungles of Mowgli's India, we're travelling into space with a twist of fantasy. Supraja Srinivasan takes a look at what's cooking at the box office this Friday.

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Uttarakhand: President’s Rule remains

Apr 22 2016

April 22: In a big boost to the Modi government at the Centre, the Supreme Court has ordered that the President's rule will remain in Uttarakhand. Kaushik Vaidya discusses the likely impact of the Supreme Court Order with Political Analysts Manisha Priyam and Neerja Chowdhury.

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India committed to solar energy: Piyush Goyal

Apr 22 2016

April 22: Speaking at the launch of the International Solar Alliance taking place in New York, Power Minister Piyush Goyal laid down India's accomplishments in the solar energy sector.

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Mallya knocks on SC doors

Apr 21 2016

April 21: Vijay Mallya files affidavit in SC in loan default case, he says that banks have no right to know information about his overseas assets. The NRI is not obliged to disclose overseas assets and seeks permission to file details of assets in sealed cover. To discuss this case further, Avni Raja is joined by H Jayesh, Founder, Juris Corp and Hitesh Jain, Partner, ALMT Legal; also Ashpreet Sethi of Bloomberg TV India gets us the latest updates on the same.

Indian Markets

 
  • SENSEX

    32,028.89 124.49   (0.39 %)
  • NIFTY

    9,915.25 41.95   (0.42 %)

Global Markets

 

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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