DoT seeks Rs 15k cr from Gujarat Narmada Fertilizers; total demand from non-telcos double of telcos
From GAIL, it sought Rs 1,72,655 crore on IP-1 and IP-2 licences as well as internet service provider (ISP) licence.The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley…
Shriram Transport to raise up to Rs 1,000 crore via NCDs
The firm offers NCDs with tenures of three and five years, with monthly, annual and cumulative interest payment options, and seven years with monthly and annual interest payment options.Shriram Transport Finance on Thursday said it would…
Zomato, Paytm backer Jack Ma’s Ant Financial enters race for digital banking licence
Ant Financial has backed Indian unicorns such as Zomato, Paytm etc. (Image: Bloomberg)Ant Financial — the fintech arm of China’s e-commerce behemoth Alibaba and among the leading investors in Indian unicorns such as Zomato, Paytm etc.,…
Analyst Corner: ‘Reduce’ on Kajaria Ceramics, revise target price Rs 487
KJC is thus likely to report muted volume growth and margins in FY20 amid realisation pressures and operating deleverage.In an environment where ceramic tile industry is down due to slack in the real estate sector, deferment of…
Tata-Mistry case: NCLAT adjourns Registrar of Companies’ plea till Friday
The tribunal has said that the action taken by the RoC to allow the firm to become a private company was against the provisions of the Companies Act, 2013, and ‘prejudicial’ and ‘oppressive’ to the minority member (Mistry Camp).The NCLAT…
SBI, Union Bank to sell NPAs of Rs 2,836 cr this month
In a notice on its website on December 12, SBI had sought bids to sell another Kolkata-based engineering firm Avani Projects and Infrastructure, having an outstanding loans of Rs 40.53 crore.The country’s largest lender State Bank of…
Analyst Corner: ‘Buy’ on M&M, disruption likely during BS-VI transition
UVs (including pick-ups) declined ~2% YoY to 33k units (v/s est. 30k units).Tractor volumes grew ~3% YoY to ~18k units (v/s estimated 16k units). We have factored in ~6.5% decline in tractor volumes for FY20, implying 9% residual growth.…