The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
An NBFC must actively manage its collateral positions, differentiating between encumbered and unencumbered assets, and monitor such assets so that they can be mobilised in a timely manner, central bank says in circular.
Also build a contingency fund equal to 9 to 12 months of expenses.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
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.
The government may have to resort, eventually and however unwillingly, to printing money, abandoned as policy and practice in the 1990, predicts T N Ninan.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
Salil Dhawan shares his stock market wisdom as 2017 is all set to ring out.
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.
'As the interest rates rise, people are going to say why should I be taking big risks when I can get 4 to 5 per cent in a bank account.' 'So, I think you have to change your thinking.' 'You need to look at the balance sheet, look at dividends.' 'These issues that have been ignored.'
Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
The study claims that from its peak of 18 per cent of gross domestic product in 2008, the crony capitalists' wealth is now down to three per cent
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'
Valued at $71.2 billion, the bank's market capitalisation is more than that of global banks like Barclays, JP Morgan Chase and Credit Suisse.
Asia's falling stocks have triggered an exodus of funds from the region.
If financials and oil sectors were removed, India Inc has done quite well.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
Direct investors should stagger their investments over 1-2 months.
CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year. This is the second highest fall in residential sales in the past five years, after Q1, 2017, when the decline, due to the note ban, was 37 per cent.
Infra major GMR is hopeful of maintaining strong order book.
Bankers say it's a question of survival for debt-heavy companies.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
Encouragingly, the recovery also appears to be becoming broad-based
'India is in a slowdown which most of us have not seen in our living memory.'
It is not the job of regulators to ensure that users make profits. It is not the job of regulators to prevent people from making losses. It is not the job of regulators to prevent people from doing stupid things, argues Ajay Shah.
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
Rise in investor sentiment, return of risk appetite aid shares across the board
Players like UltraTech Cement more expensive than ITC and HUL; others catching up fast.
Till such time that a new governance framework comes into being, the progress of reforms in health, education, land, labour, electricity and agriculture could remain fraught with problems, agitations and delays, observes A K Bhattacharya.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
'This is a blip in the 100-year history of cinema.'
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
'We think FY18 will end with a 10 to 12 per cent earnings growth, but FY19 will see a recovery to over 15 per cent.'
Wonder why corporate India is showering dividends?
Over the short to medium term, valuations are more likely to move down than up.
With Karnataka election results out of the way and as several key states, including Madhya Pradesh and Rajasthan, prepare for assembly polls later this year ahead of the 2019 general election, Shankar Sharma, vice-chairman and joint managing director, First Global, advises investors to ignore all the noise around the elections.
