All stories by Krishna Kant
Family-owned businesses lose Rs 22 trillion in m-cap in FY20Rediff.com7 days ago
The combined market capitalisation of the top 873 family-owned companies was down 26.3 per cent year-on-year (YoY) to Rs 61.8 trillion at the end of trading on Tuesday. It had grown 6 per cent in FY19 and nearly 20 per cent in FY18.
Shutdown puts Rs 15-trillion debt at riskRediff.com30 Mar 2020
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
GDP likely to fall to 30-year low, fear analystsRediff.com27 Mar 2020
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
Rupee one of the worst performers among its Asian peersRediff.com23 Jan 2020
The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
FMCG stocks lose sheen, valuation declines to 11-year lowRediff.com16 Jan 2020
The country's top FMCG stocks, such as Hindustan Unilever, ITC, Nestl, Britannia, Godrej Consumer Products, and Dabur, among others, are currently trading at around 41x their trailing 12-month earnings, down from their peak P/E multiple of around 48x at the end of December 2018.
Rich list shrinks, but top 10 add $40 billion to wealthRediff.com26 Dec 2019
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
As benchmark indices scale fresh peak, Sensex valuation nears 20-year highRediff.com24 Dec 2019
The Sensex is on course to ending calendar year (CY) 2019 at a price-earnings (P/E) multiple of 29x, the highest in 25 years. Current valuations are, however, lower than those seen in the early 1990s. The Sensex has risen close to 14 per cent in the last 12 months, while the index underlying EPS dropped 6.7 per cent during the period.
Airtel is one of the most-loved large-cap stocks on the boursesRediff.com28 Nov 2019
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
Ambani gained Rs 22,000 cr in Friday's Sensex rallyRediff.com23 Sep 2019
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
As Voda Idea bleeds, Aditya Birla group slips into red for the 1st time in 10 yearsRediff.com30 Aug 2019
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
Debt of 195 companies now exceeds market capRediff.com26 Aug 2019
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Grumble of slowdown is getting louder for India IncRediff.com23 Aug 2019
The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
India Inc's profits one of the lowest among major economiesRediff.com19 Aug 2019
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Post-Budget blues: Investors lost Rs 1.33 trillionRediff.com6 Aug 2019
This amount does not include losses suffered indirectly through investment in mutual funds (MFs) and insurance companies.
A record 101 BSE500 firms have skipped paying dividendRediff.com17 Jul 2019
The list of companies skipping dividends in FY19 includes some of the country's largest firms and industry leaders such Tata Motors, Avenue Supermart, Future Retail and Vodafone Idea, among others.
Rate cut may not spur corporate capexRediff.com18 Jun 2019
Historically, there has been no correlation between growth in bank credit to industry and lower benchmark interest rate
Borrowing costs come back to bite earnings of India IncRediff.com6 Jun 2019
The combined interest payment for India's top listed companies, excluding financial and oil and gas firms, was up 15.2 per cent year-on-year during the six months ended March 2019, outpacing the change in net sales and operating profit.
FPIs bring in Rs 40,000 crore in 3 monthsRediff.com4 Apr 2019
The risk-reward ratio could turn adverse for foreign investors if corporate earnings disappoint by wide margins, or if crude oil prices spike in the international market, putting pressure on the rupee-dollar exchange rate.
Bajaj biggest gainer, Anil Ambani biggest loser in Modi SarkarRediff.com2 Apr 2019
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Corporate earnings take a big knock in Q3Rediff.com28 Feb 2019
Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
Harsh reality check for India's realty developersRediff.com15 Jan 2019
Listed realty developers saddled with unsold properties worth Rs 1 trillion
India's 6 most cash-rich promoters; Azim Premji is No 1Rediff.com11 Jan 2019
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Economy in bad shape, but rich year for tycoonsRediff.com27 Dec 2018
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
NBFCs need fresh capital to be in raceRediff.com2 Nov 2018
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
Govt's lopsided plan to meet divestment targetRediff.com25 Oct 2018
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
Early bird Q2 numbers off to promising startRediff.com22 Oct 2018
The combined revenues of these firms were up 33.1% YoY, growing at the fastest pace in at least three years
Dangers lurk, as India Inc chooses deleveraging over growthRediff.com11 Oct 2018
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
Falling profits, but CEOs rake in moolahRediff.com8 Oct 2018
27 large listed firms give double-digit hikes to top executives despite a decline in net profit.
IL&FS crisis: Was correction in NBFC stocks overdue?Rediff.com1 Oct 2018
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
Why FMCG stocks are boomingRediff.com31 Jul 2018
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
Real reason why top IT cos have reported a decline in assetsRediff.com18 Jun 2018
The combined assets of the top five - Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and Tech Mahindra were down one per cent to Rs 27,7400 crore at the end of 2017-18, from Rs 28,0100 crore a year before.
Is Walmart chasing a mirage in Flipkart?Rediff.com15 May 2018
Flipkart will need $2 bn annual profit to make Walmart investment viable, which will mean yearly revenue of $100 bn
Small saving schemes account for 20.9% of government borrowing in FY18Rediff.com6 Apr 2018
Centre took Rs 1,002 bn from here in 2017-18, sharply up from Rs 904 bn a year before and Rs 123.6 bn in FY14
China is yet again ahead of India -- now in retail bankingRediff.com28 Mar 2018
With a loan book of $268 billion, India's retail banking is now ahead of Russia, Malaysia and Mexico but behind China, Brazil and Thailand
Saddled with huge debt, Vodafone-Idea will find it hard to growRediff.com27 Mar 2018
The merged entity would lead with a revenue market share of about 37 per cent against Airtel's 31.2 per cent and Jio's 14.5 per cent
2 key reasons why PSUs will pay lower dividend in FY19Rediff.com20 Mar 2018
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
Can these stocks shine amid market gloom?Rediff.com8 Mar 2018
Investors turn their attention to export-driven sectors.
A year of Chandra, Tata Sons' lucky mascotRediff.com21 Feb 2018
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
N Chandrasekaran: Tata Son's lucky mascotRediff.com20 Feb 2018
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
Banks face more headache from diamond industryRediff.com19 Feb 2018
The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.