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Vedanta sees better Q4 after solid Q3Vedanta's CFO Ajay Goel anticipates a "significantly bigger and better" March quarter performance, projecting full-year EBITDA exceeding $6...
UltraTech Cement's fixed costs to drop in current quarter: CFO Atul DagaThis quarter, UltraTech Cement plans to significantly lower its fixed costs by nearly ₹100 per tonne, driven by reduced maintenance, market...
Yatra Online to flag off IPO on September 15Indian online travel company Yatra Online is set to open its initial public offering (IPO) on September 15th. The IPO includes a fresh issu...
European stocks make tentative gains amid global growth worriesThe pan-European STOXX 600 index rose 1.2%, with most sectors barring defensive healthcare stocks gaining.
Sansera Engineering IPO subscribed 11.5 times on final dayThe issue saw applications for 2,13,13,120 shares so far against the total size of 1,21,09,166 shares, meaning a subscription of 1.76 times...
Sansera Engineering IPO fully subscribed on Day 2A majority of analysts have given a subscribe rating to the issue. Reliance Securities has given the issue a thumbs up with a 'Subscribe' r...
Sansera Engineering IPO sees 53% bid on Day 1Majority of analysts have given a subscribe rating to the issue. Reliance Securities has given the issue a thumbs up with a 'Subscribe' rat...
Steep rise in diesel prices to up network opex for telcos by 7-8%: Analysts“Diesel costs contribute roughly 8% to telecom companies’ operating expenses for running towers, generators etc….so, these can go up propor...
Billionaire Agarwal’s Vedanta tests India junk bond demandAccording to a preliminary offering circular dated Aug. 11, Vedanta Resources has received commitments from lenders for up to $1.75 billion.
Coronavirus impact: Standard Chartered Bank customers can now make all service requests digitallyAccording to the bank's press release, requests ranging from checkbook requests and reporting of lost or stolen cards to a list of document...
To add-back or not: How will COVID-19 losses impact valuation in M&A transactions?‘Earnings Before Interest, Tax, Depreciation and Amortization’ or ‘EBITDA’ and its multiple is a common benchmark in M&A and private equity...
Implications of Indian Accountancy Standard on NBFCsOverall, it’s a welcome change but it comes with lots of challenges to the NBFCs.
Idea, Vodafone stretch books with $2 bn bids each on 4th day of auctionSuch a scenario would typically mean Idea and Vodafone would have to borrow more, increasing their debt-equity ratios further, said a top e...
Westlife shows signs of recovery as sales riseWestlife was reporting negative same-store sales growth since the beginning of FY14. It turned positive to 1.7% in June FY16 quarter to 3.1...
Underlying health of some companies not reflected via reported numbers: India Ratings and ResearchThe findings were based on statistical analysis of the quality of financial reporting of large Indian corporates for the period between FY0...
Present correction good for markets, will spur buying going forward: Devang Mehta, Anand Rathi Financial Services"The events the market was looking forward to are now out of the way. Besides, the run-up had been too sharp; hence, the correction."
Fears of stronger BJP in their backyard behind Jayalalithaa, Mamata and Mulayam's anger towards Modi?Recent opinion poll figures show Modi-led BJP is gaining in the strongholds of all these satraps and in some cases it is doing unexpectedly...