Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
Power generation and distribution is the most indebted sector
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
While such buying could indicate confidence in the business, investors should do a comprehensive evaluation before getting into the stock.
Real test of the rally in this segment will be the upcoming result season.
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.
'James Crabtree ignores the emergence of a nexus between business and politics going back to the 1920s and talks of it as a new child of 21st century India,' says Shivanand Kanavi.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
The CBI opposed the plea seeking summoning of former prime minister Manmohan Singh and two others as additional accused in a coal scam case.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
India is expected to cut imports by a fifth in the fiscal year.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
In the domestic market, the Tata Group has lost ground in the passenger car business.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
For debt-laden companies, asset sales is an obvious solution.
Bombay High Court view opposed to this was wrong.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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