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.
July 26: Welspun India posts a steady first quarter with the profit rising 24% to 327 Cr. To discuss the quarter gone by, Abha Bakaya of Bloomberg TV India is joined by Altaf Jiwani, CFO at Welspun India.
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