DIAMOND POWER INFRASTRUCTURE LTD Q4 RESULTS
ICRA cuts diamond sector outlook to negative on coronavirus
The C&HK region, accounts for 14-15% of global demand for CPDs.
Stocks in the news: Max Financial, Vodafone Idea, Simplex Infra, Axis Bank and Power Grid
Global investors are in discussions with Tata Power...
Award of fresh coal supply contract by government is positive for the power sector: ICRA
The government has proposed the minimum tariff disco...
Brookfield, Mubadala may invest $600m in Tata Power’s InvIT
Tata Power’s near 3-gigawatt renewable energy portfolio is valued at $2.2-2.5 billion, they added.
Reliance Infra Q3 profit up 18% at Rs 346 crore
Reliance Infra's total expenses increased to Rs 4,888.79 crore, as against Rs 4,772.46 crore a year ago.
Coronavirus scare, poor Q3 results send Sensex 162 points lower; Nifty below 12,050
Market breadth was negative with declining shares outpacing advancing ones in ratio of 3:2 on BSE.
Havells India expanding or maintaining margins in each biz segment: CMD
We are seeing a little bit of improvement in the last few weeks. In many categories, we may have gained market share. However, it is too early to say how Q4 pans out. Let us see how it works out. We are putting all our investments in brand and distribution. Hopefully things should turn out better in the coming quarters.
Q3 results calendar: Over 2,300 firms to report earnings this week
Nearly four-fifths of Nifty companies have posted their numbers already.
Rajasthan: GE T&D India bags order form PowerGrid, to set up GIS bays at Phagi
The bays will be an extension to the Rajasthan Rajya Vidyut Prasaran Nigam Ltd's (RRVPNL) existing 765 kV substation at Phagi, which was also commissioned by GE earlier using Air Insulated Switchgear (AIS) technology.
Birla Corp Q3 PAT jumps 200% to Rs 81 crore
Though cement prices remained weak in key markets in December quarter, Birla Corp was able to increase market share in West Bengal and Bihar.
Business trusts’ $100 billion fund-raising plans at risk
The move also reverses a trend initiated by former finance minister Arun Jaitley, to provide tax stability for long-term infrastructure investors. Investors and developers ET spoke to said they plan to meet the finance minister and government officials this coming week, seeking a roll back of the step.
L&T Q3 results: Capital goods giant misses Street estimates, PAT up 15%
Consolidated margins came in at 11.30 per cent against analysts estimates of 11.10 per cent.
Better distribution may ease power sector woes: ETILC
The members point out that cash strapped power utilities have not been able to buy energy from the manufacturers, resulting in low power off-take. Infrastructure investments to strengthen the national grid to plug energy leakage and ensure last mile delivery to consumers were not made.
Expect a lot of growth by next festival season: Ramesh Iyer, Mahindra Finance
Ramesh Iyer, MD & VC, Mahindra Finance, says with a deeper penetration strategy, the NBFC has been able to maintain momentum of growth and has become an aggressive player in pre-owned vehicles.
UDAY was not a failure, successive scheme might be announced in Budget: RK Singh
The power minister said all the Central schemes run by his ministry will be clubbed into one scheme, under which distribution companies will have to agree to trajectories to reduce losses to get financial assistance. “UDAY was not a failure. It reduced average commercial losses to 18.79% in financial year 2019 against 22% a year ago,” he said.
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