Countdown tracks the breaking business news and top stories in the lead-up to the closing of markets.
August 3: It’s D-Day for what can be touted as India's biggest tax reform. The much anticipated GST Bill finally heads for its biggest test in the Rajya Sabha today. Consensus estimates the bill to clear the Rajya Sabha hurdle without any hiccups. To discuss the impact of the GST Bill, Abha Bakaya of BTVI is joined by Chandrajit Banerjee, Director General, CII.
August 3: It’s D-Day for what can be touted as India's biggest tax reform. The much anticipated GST Bill finally heads for its biggest test in the Rajya Sabha today. Consensus estimates the bill to clear the Rajya Sabha hurdle without any hiccups. To discuss the impact of the GST Bill, Abha Bakaya of BTVI is joined by Amit Kumar Sarkar, Partner, Grant Thornton India and Anita Rastogi, Partner, Indirect Tax, PwC.
August 1: Bringing lenders and borrowers on the same platform, Faircent is leading the way on peer-to-peer lending in India. Today on Rising Stars, Abha Bakaya of BTVI is joined by Rajat Gandhi, Founder and CEO at Faircent, to talk more about the same.
July 28: In an effort to build consensus on GST the Finance Minister met with leaders from various regional parties to get them on board. Ashutosh Kumar of BTVI is standing by with more details. Watch to know more about the same.
July 27: Global motherboards and computer accessories leader Asus has launched a new range of portable projectors - the P3B. This battery-powered projector is the size of a CD case and has a brightness of 800 lumen. But is it worth picking up? Shilpa Ranipeta of Bloomberg TV India has the review. Watch to know more about the same.
July 27: Dabur stock in great structure as it posts a stable Q1 from the organization with sound uptick in edges.To examine more about the quarter passed by, Abha Bakaya of Bloomberg TV India is joined by Sunil Duggal - CEO at Dabur India.
July 26: As further proof of Indias growing interest in luxury goods, the French family-run luxury house Longchamp that makes luggage, handbags, accessories and a growing portfolio of products is now in India. To discuss more about their company plans ahead, Vikram Oza and Abha Bakaya of Bloomberg TV India are joined by Jean Cassegrain , Global CEO, Longchamp and Radha Kapoor, Founder & Director, Do It Retail Brands.
July 26: Symphony reported earnings a little while ago with revenues coming in at Rs.152 Cr and profits of 31 Cr. To discuss the quarter gone by, Abha Bakaya of Bloomberg TV India is joined by Nrupesh Shah, Executive Director at Symphony.
July 26: Dipak Gupta of Kotak Mahindra Bank says 'Acche Din' for the economy will help the NPA stress moderate. The Joint MD of the bank believes that the SME sector will not be able to absorb any further shocks going ahead. Nivrita Ganguly of Bloomberg TV India caught up with him to talk more in detail about the same.
ADANI TRANSMISSION Q3
Net Sales at Rs 1540 Cr Vs Rs 508 Cr, up 3x
Total Income at Rs 1,808 Cr vs Rs 734 Cr, 2.5x
EBITDA at Rs 1462 Cr Vs Rs 475 Cr, up 3x
EBITDA margins at Rs 95% vs 93.5%
PAT Rs 842 Cr vs Rs 99.3 Cr, up 8x
All results are Consol & comparable YoY
DCB BANK Q3 REVIEW
PAT at Rs 57 Cr vs 51 Cr up 11.8%
NII at Rs 250 Cr vs 209 Cr up 19.6%
Non-Interest Income at Rs 75 Cr vs 64 Cr, up 17.2%
Operating Profit at Rs 123 Cr vs 109 Cr, up 12.8%
Net Interest Margin at 4.12% vs 3.95% YoY
All results are comparable YoY
TATA SPONGE Q3 REVIEW
Net Sales up 36% at Rs 214.5 Cr Vs Rs 157.6 Cr
EBITDA up 3.1x at Rs 59.8 Cr Vs Rs 19.4 Cr
EBITDA Margin at 27.9% V 12.3%
Net Profit up 3.3x at Rs 36 Cr Vs Rs 11 Cr
Other Income up 36% at Rs 11.7 Cr Vs Rs 8.6 Cr
All figures are standalone and comparable YoY
THIRUMALAI CHEMICALS Q3 REVIEW
Net Sales up 6.9% at Rs 254.8 Cr Vs Rs 238.4 Cr
EBITDA up 80% at Rs 70.1 Cr Vs Rs 39 Cr
EBITDA Margin at 27.5% vs 16.4%
Net Profit up 2.3x at Rs 43.2 cr vs Rs 18.8 cr
All figures are comparable YoY
SREI INFRA Q3 REVIEW
AUM at Rs 44971 Cr Vs Rs 37505 Cr, Up 20%
Disbursements at Rs 5731 Cr Vs Rs 4812 Cr, Up 19%
Total Income at Rs 1411 Cr Vs Rs 1134 Cr, Up 24%
Calc NII at Rs 645 Cr Vs Rs 419 Cr, Up 54%
PAT at Rs 105 Cr Vs Rs 67 Cr, Up 56%
All results are comparable YoY