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There has been a slight delay in commencement of production at the Mysuru plant from December end to Mid January. As of now supplies to Asian Paints are being met from the Hyderabad plant. The Vizag plant will go on stream by end of February. Hence both plants will begin to contribute to production March onwards. The company expects to clock in...
We met the senior management team of Mahindra Holidays Resorts India Ltd. (MHRIL), Mr. Kavinder Singh (MD & CEO) and Ms. Akhila Balachandar (CFO) to discuss i) Changing landscape of domestic Travel & Tourism Industry ii) Future prospects of...
Asian markets are trading mixed tracking weak cues from Wall Street overnight amid concerns over global economic slowdown. Nikkei is trading lower by 3.04%, Shanghai is trading higher by 0.41% and...
Although we reduce our EBITDA margin estimate for FY19E to factor in increased pricing pressure and higher gas prices, we expect it to revive in FY20E aided by operating leverage, improvement in realisation & mix and stability in gas prices. We factor volume CAGR of 10% over FY18-20E driven by its capacity expansion drive coupled with improved demand and offerings. However, we downgrade the rating on the stock to HOLD' given increased pricing...
Bank of Baroda announced swap ratios for the merger with Vijaya Bank and Dena Bank. As per the announcement, every 1000 shares owned in Vijaya bank & Dena bank will receive 402 & 110 shares respectively of BoB. The swap ratio values Dena bank at ~| 3000 crore (25% discount to...
After about a year-long competitive bidding process, BEST DISCOM found it economical to extend the existing PPA with Tata Power's Trombay and hydro power plants due to transmission constraints in Mumbai. Mumbai distribution circle relies heavily on embedded generation.
Overall demand environment was good in 3QFY19 with market share gains across key portfolios. The positive sentiment during the quarter was led by festive season and expectations of a stimulus from Government initiatives.
RBI forms panel to study issues faced by small, medium enterprises Asian markets are trading mixed tracking cues from Wall Street overnight amid concerns over global economic growth. Nikkei is trading lower by 0.31%, Shanghai is trading higher by 0.28% and...
