Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
Fixed deposits can fetch 9-9.5% interest versus 3.5% to be received by Cairn, say institutions.
The company will wait for sizeable user base for better valuation.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
Provisioning for bad investments, finance costs shoot up in FY14.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
In January this year, Tata Sons invested an additional Rs 2,500 crore (Rs 25 billion) in Tata Teleservices which was used to repay loans of the wireless telephony company.
The company had appointed a three-member committee of directors to implement the changes.
Previous peak in 2010 crossed in first five-and-a-half months this year.
Players like UltraTech Cement more expensive than ITC and HUL; others catching up fast.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
While some companies used that to become world leaders, others squandered it by over-borrowing.
The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
IT companies account for a third of the entire dividend pot this year
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