The Indigo results announced for the fourth quarter ended March 2017 and for the full year 2016-17 betray a clear pressure on the company on the airline’s financials. This pressure is both in terms of squeeze in revenues as well as in terms of higher costs. While competitive pricing is taking a toll on the …
The stock price of Nestlé India went down by 3% in the early trade of 18 February 2022, after the FMCG giant released its 4th quarter earnings for the fiscal year of 2022. It reported a 19.99% year-on-year reduction in revenue in the net profit of this October to December quarter. For this quarter, Nestlé …
On February 26, government sources reported that the Union Cabinet has authorized foreign direct investment in the Life Insurance Corporation of India via the automatic method. They said that up to 20% FDI would now be allowed via the automatic route in LIC and that the present FDI policy has been “simplified and strengthened.” Notably, …
An Overview According to the Finance Minister, India desires to encourage public banking institutions to enhance financing to every district in order to improve demand in the economy, a move that comes at a time when most lenders are already facing a rise in bad loans. In 2019-20, the government instructed state-run banks to organise …
The Cabinet has approved the merger of five of SBI subsidiaries into SBI which will create a banking behemoth in the PSU space with assets in the range of nearly Rs.30 trillion ($450 billion). This will be instrumental in bringing SBI in the list of Top-50 largest banks in the world. Of course, in terms …
In the Berkshire Hathaway report to its shareholders, there was one comment on airline stocks from Warren Buffett that attracted a lot of attention. Buffett commented that “After a century of mistakes and bad operating performance, aviation stocks may be finally coming into their own”. Coming from an aviation sceptic like Warren Buffett, this was …
You must have heard of conglomerates declaring insolvency in the market due to unfavorable business conditions. DHFL, Reliance communications, Bhushan Power and Steel, Jet airways are some of the biggest bankruptcies in India. So, what happens when companies go bankrupt? They hold credit from financial institutions and investors. How is this credit resolved? Selling the …
The Zinc manufacturing giant, Hindustan Zinc Limited (HZL) is looking at options to sell their wind energy asset through a block deal. According to sources conscious of the developments, if the plan is placed on the table, it will amount to Rs 1,500 crores. The company described its wind energy segment as non-core and looking …
Infosys announced its Q4 results on the 13th of April 2017. The expectations were quite muted in the street both on the top-line growth and profit margins. Over the last few quarters, Vishal Sikka and his team have constantly warned the street about the pressure on margins and the likelihood of tepid growth in sales. …
Largest ever in India, the Reliance rights issue has succeeded in creating quite a stir amid investors. Experts believe this will help in reviving the stock exchange, which has been sluggish since lockdown is announced in India on March 24th and promote a rally in its stocks. Existing shareholders can subscribe to the rights issues and …
