NEWS UPDATES
Cairn India
-Income Tax Department has assessed that Cairn Energy Plc of UK did not pay tax on Rs 24503.50 crore of capital gains made on transferring India assets to a new company
-Ordered Cairn India not to allow the transfer of Cairn Energy’s stake in the company
-Also ordered that the shares cannot be pledged or mortgaged
SBI board to mull raising Rs 10,000 crore via qualified institutional placement (QIP) on January 31
- SBI QIP will take place in February
-Finance ministry on-board for SBI QIP, gives go ahead to SBI for raising capital
NSEL case update: Economic Offences Wing says
-Have attached Rs 4,217.6 crore worth of properties
-Have attached Rs 441.94 crore worth of NSEL directors’ properties -Amount of Rs 322.27 crore is in Escrow
Government
-Revises production capacity, ups duty on pan masala & tobacco products
-Ups duty on tobacco products incl gutka, chewing tobacco, filter khani
-Imposes 5 percent export duty on iron ore pellets
-Supreme Court defers hearing on Shah Panel mining report case till February 10
-Delhi government says to move Supreme Court against CNG price hike
- JSW Steel says to raise prices by 1-2 percent (Rs 700-1,200/Tonne) w.e.f February 1
-Gopal Vittal to be MD of Bharti Airtel , Manoj Kohli to step down & head company’s African holding arm
- Gujarat Apollo buyback at maximum Rs 125/share
- NTPC ties up USD 430 million funding from Japan Bank of International Co-operation
- NMDC board to mull second interim dividend for FY14 on February 10
- Cadila Healthcare decides to exit business in Japan
- Dhanuka Agritech to mull interim dividend on February 6
-Department of Telecommunication on February auction: Last date for withdrawal of application extended to January 28
RESULTS DIGEST
Idea Cellular Q3
-Consolidated net profit at Rs 467.7 crore versus Rs 447.6 crore (QoQ)
-Consolidated revenue at Rs 6,613 crore versus Rs 6,323.3 crore (QoQ)
-Consolidated EBITDA at Rs 2,055.7 crore versus Rs 1,971.5 crore (QoQ)
-Consolidated EBITDA margin at 31.1 percent versus 31.2 percent (QoQ)
-Average revenue per user (ARPU) at Rs 169 versus Rs 164 (QoQ)
-Average revenue per minute (ARPM) at 44.9 paise versus 44.7 paise (QoQ)
Welspun Corp Q3
-Consolidated net profit at Rs 7.5 crore versus loss of Rs 80.6 crore (YoY)
-Consolidated total income at Rs 1,742 crore versus Rs 2,406 crore (YoY)
Welspun India Q3
-Consolidated net profit at Rs 109 crore versus Rs 76.6 crore (YoY)
-Consolidated net sales at Rs 1,018 crore versus Rs 1,138 crore (YoY)
Lanco Industries Q3
-Net profit at Rs 8.8 crore versus loss of Rs 9.1 crore (YoY)
-Net sales at Rs 257 crore versus Rs 208 crore (YoY)
Scooters India Q3
-Net profit at Rs 6 crore versus loss of Rs 6 crore (YoY)
-Net sales at Rs 42.6 crore versus Rs 44 crore (YoY)
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This post has been edited by anamikarai: Jan 28 2014, 06:29 AM
