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30 Jun 2016
Yes Bank Ceo's Take on Brexit
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The fifth largest private sector bank of India, Yes Bank co-founded byRana Kapoor is the sole receiver of Greenfield Bank licence awarded by the RBI. As seen on 31 Dec 2015, the bank is recorded to have 630 branches and 2000 ATMs. It had a balance sheet size of Rs. 1,23,200 crore and Gross NPA of 0.42% making it the fifth largest bank in private sector. Yes Bank equity shares are listed on Bombay Stock Exchange and the National Stock Exchange of India. On 30th June the Yes Bank Share Price is recorded
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30 Jun 2016
Siemens India chasing large orders: CEO Sunil Mathur
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Siemens hopes to place digitalisation and technology at the core of the company's strategy though its chasing orders worth over 10 billion dollars in transportation, energy and smart cities projects, as per market estimates where Siemens share price is currently stands at Rs.1,312 (NSE). Siemens India is looking forward at prospects of standard digitalisation solutions across business verticals, including smart grid, mobility and power generation, said the company'
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30 Jun 2016
Coal India signs agreement with SECI for solar projects
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In a filing to BSE on 29th June 2016, Coal India announced that it has signed two agreements with Solar Energy Corporation of India (SECI) for implementation of 200 MW solar power projects in Madhya Pradesh. CIL and SECI have signed two agreements for the implementation of 200 Mega Watts solar power project in the state of Madhya Pradesh for the beneficial utilization of solar power by Northern Coalfields Ltd 100 MW and South Eastern Coalfields Ltd 100 MW, two subsidiaries of Coal India,
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30 Jun 2016
Tata Steel shares price up by 3% Intraday
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On Wednesday 29th June 2016, in Kolkata, Koushik Chatterjee, Tata steel's Tata Steel's group executive director made a statement that the company's sale of their British plant will not be affected by Brexit. Following the news, Tata Steel share price took a rise of 3% and closed at Rs. 323 on Thursday. A question was raised that if the company has any plans of staying invested in the south Wales factory. In answer to this, Mr, Chatterjee said that the British government had offered some incentives to help in the reviva
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30 Jun 2016
GMR Infra Share Price surges 5.91%
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GMR Infra was established in the year 1978 by Mr. G.M Rao. The Company was started off with a small jute mill, and 28 years later became what it is today, the GMR Group. GMR is today one of the major player in the Infrastructure Sector, with world class projects in both India as well as abroad. The GMR group is headquartered in Bangalore, India, and has been developing projects in high growth areas such as Airports, Energy, Transportation and Urban Infrastructure.
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30 Jun 2016
HDFC Bank Introduces e-banking platform for SMEs
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Today, on June 30th, 2016, HDFC Bank share price was registered near its 52 weeks high as it launched e-banking platform for SMEs. It is being touted as India's full-fledged banking service for small and medium enterprises (SME). This new platform would allow clients to access full bouquet of services instantly on round the clock basis over personal computers or mobile phones. The existing brick-and-mortar service format for the SMEs would coexist with SM@Bank. It would be the sole discretion of customers to choose
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30 Jun 2016
Bharti Airtel Wins The Trai Test
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A globaltelecommunicationsservices company, Bharti Airtel is based inNew Delhi, India. It operates in and around 20 countries including South Asia,Africa, and theChannel Islands. Airtel administers GSM,3Gand4G LTEmobile services etc. It is considered to be thelargest mobile network operatorinIndiaand thethird largest in the worldwith almost 325million subscribers..The Bharti Airtel Share Price is currently trading at Rs. 361.25 (up by 1.42%).
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30 Jun 2016
Vedanta generates Rs 11,000 crore free cash flow
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Amid the commotion created by the falling prices of commodities, Vedanta India generated a free cash flow of over Rs 11,000 crore in the last fiscal. This resulted in the reduction the company's net debt by over Rs 6,000 crore said a top company official. Meanwhile, Vedanta Share Price is up by 1.22 per cent on NSE and is trading at Rs 128.90. The chairman of the Company Mr. Naveen Agarwal said that theyear was challenging for the
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30 Jun 2016
BHARAT FORGE RECIEVES AN ORDER FROM NTPC
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Bharat Forge had an entire sale of US$ 1.3 Billion and its market capitalisation is over US$4.5 billion. The Forbes magazine rated it as one of the best companies in Asia because of its high growth rate. SEZ- Bharat Forge's Special Economic Zone (SEZ) named as Khedcity is the biggest SEZ in Pune sprawned across 1,000 hectares (4200Acre) of notified land in Khed taluka. In this joint undertaking the Alstom holds 51% of the shares and Bharat Forge holds 49%. . Alstom Bharat Forge Power Ltd also has starte
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30 Jun 2016
Thermax Shuns Big Projects
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MS Unnikrishnan, MD & CEO of Thermax, in a conversation, stated that Brexit would have short-term ramifications and admitted that short-term impact will mean 'aberrations' for Thermax, but it won't be substantial. He also added that there is hardly any major capacity addition happening elsewhere. The European Union contributes 7-8 percent of overall revenues and about 30-32 percent income for Thermax comes from South East Asia and the Middle East, Europe, Africa and rest of the world. China contributes Rs 75 crore income,