LATEST BUSINESS NEWS

@ RAMA MURTHY SASTRI CHALLA,Dear it is very informative thread,please keep on for the benefit of all members.I again appreciate your efforts.

 

Thank you very much kharb ji

 

Jindal Poly Films to hike stake in GNL to 100%

GNL is engaged in manufacturing of spunbound and spunmelt nonwoven fabric made of polypropylene filament

Jindal Poly Films has received an approval to increase the shareholding of the company in Global Nonwovens (GNL, a subsidiary company) from 60.40% to 100 % by way of purchase of balance 39.60% shareholding of GNL held by its other Promoters. The shares will be purchased at par of Rs 10 at a total consideration of Rs 32.30 crore. Consequently, GNL will become the wholly owned subsidiary of the company.

GNL is engaged in manufacturing of spunbound and spunmelt nonwoven fabric made of polypropylene filament at its Nashik plant, which are used in Hygiene, Medical packaging, Agriculture and Automotive segments.

Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.
source: ventura

 

Today (08.08.16) foll cos. will declare Q1 results :

Mcleod Russel, Subros, Oudh Sugar, Future Lifestyle, HeromotoCorp, Schneider, Sonata Software,KCP Ltd, Inox Leisure, Idea, Polaris, Max Financial, Navneet, Britannia, Max India, Vadilal Ind, Harita Seating, Colgate, SRF, Vesuvius
source: ventura

 

Colgate Palmolive (India) reports 8% rise in Q1 net profit

Total income of the company increased by 12.54% at Rs 1159.17 crore for quarter under review

Colgate Palmolive (India) has reported results for first quarter ended June 30, 2016.

The company has reported 8.44% rise in its net profit at Rs 125.72 crore for the quarter as compared to Rs 115.94 crore for the same quarter in the previous year. Total income of the company increased by 12.54% at Rs 1159.17 crore for quarter under review as compared to Rs 1030.05 crore for the quarter ended June 30, 2015.

Colgate Palmolive (India) has trusted brands for dental care, personal care, home care and professional oral care. The company is the fastest growing and one of the oldest companies catering to the personal care products.
source: ventura

 

FUTURE LIFESYLE Q1 PAT Rs.3.5cr vs Rs.2.5cr yoy, vs Rs.5cr qoq

 

Hero MotoCorp reports 18% jump in Q1 net profit

The company’s total income increased by 7.84% to Rs 8131.04 crore for the quarter under review

Hero MotoCorp has reported results for first quarter ended June 30, 2016.

The company has reported 18.13% rise in its net profit after tax at Rs 883.10 crore for the quarter ended June 30, 2016 as compared to Rs 747.54 crore for the same quarter in the previous year. The company’s total income increased by 7.84% to Rs 8131.04 crore for the quarter under review from Rs 7539.86 crore for the corresponding quarter of the previous year.

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The Company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
source: ventura

 

Britannia Industries to set up a plant in West Bengal

The Calcutta factory is not a very economical one at the moment and the company is trying for its improvement

Britannia Industries is looking to set up a plant in West Bengal and make the existing one more productive. The existing plant at Taratola would be made more productive. The Calcutta factory is not a very economical one at the moment and the company is trying for its improvement.

The company had gained market share over its competitors such as ITC and Parle. The company is sitting upon a good amount of cash and is scouting for new businesses.

Britannia Industries, one of the India’s biggest brands of the country, has a market share of over 33%. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.
source: ventura

 

JSPL seeks to recast Rs 7500 crore debt: Report

The company is working to finalize an agreement with its lenders to take the debt out of its steel portfolio under the RBI's 5X25 scheme

Jindal Steel & Power (JSPL), one of the leading steel manufacturing companies in India, is reportedly working to finalize an agreement with its lenders for bringing Rs 7,200-7,500 crore loan out of its steel portfolio under the 5x25 scheme of the Reserve Bank of India (RBI). The scheme allows banks to recast long-term loan for infrastructure and core industries through periodic release of funding along with initial moratorium on debt repayment. The company with Rs 44,140 crore consolidated debt on its books as on March 31, 2016 had last year brought around Rs 3000 crore loan from its power portfolio under the scheme.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
source: ventura

 

Raymond aims to garner Rs 100 crore revenue from Technosmart fabric: Report

The new age Technosmart collection of polywool fabrics has features like UV protection, wrinkle resistance and smooth touch

Raymond is reportedly targeting to garner top-line of Rs 100 crore from Technosmart fabric in the next one year. Also, the company is also looking for 10% growth across India. Keeping in line with the company’s numerous innovative products over the years, Technosmart is yet another offering from Raymond reaffirming brand’s commitment to offer consumers the highest quality product across price points.

The new age Technosmart collection of polywool fabrics has features like UV protection, wrinkle resistance and smooth touch, which are ideal for crafting trousers, suits and jackets.

Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world, with a capacity of producing 38 million meters of wool & wool-blended fabrics.
source: ventura

 

Today (16.08.16) foll cos. will declare Q1 results:
Just Dial, OCL India, Powergrid

 

Hindalco Industries to spend Rs 250 crore in a new wire-rod plant at Dahej

The investment is part of a strategy to enhance the contribution of value-added products to 60 per cent of overall sales

Hindalco Industries is planning to invest Rs 250 crore in a new wire-rod plant at Dahej in Gujarat. The new facility with a capacity of 2.50 lakh tonnes will take the company’s total wire-rod production capacity to four lakh tonnes from the current 1.50 lakh tonnes, the plant is likely to start the production by March 2018.

The investment is part of a strategy to enhance the contribution of value-added products to 60 per cent of overall sales from 40 per cent now. The recently commissioned wire-rod mill in Mahan pushed up copper value-added production by 80 per cent in June quarter.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
source: ventura

 

NMDC eyeing production of 35 MT of iron ore this fiscal

Iron ore sales of the Navratna firm stood at 28.87 MT in 2015-16 down from the 30 MT it had clocked in 2014-15

NMDC, the country’s largest iron ore miner, is eyeing to increase its sales by 21% to 35 million tonnes (MT) in the current fiscal. The state-run firm also envisages raising iron ore production by 24% to 35 MT in 2016-17 from 28.32 MT in 2015-16. Iron ore sales of the Navratna firm stood at 28.87 MT in 2015-16, down from the 30 MT it had clocked in 2014-15.

The company plans to invest Rs 40,000 crore over eight years to achieve a target of 100 MT per annum (MTPA) iron ore production. The firm will invest in developing new mines, steel plant (Nagarnar), Legacy Iron ore company (Australia) and a slurry pipe line 9 from (Kirandul to Vizag), among others.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
source: ventura

 

Lanco Infratech inks agreement to sell 35 MW solar power undertaking to LPMCPL

The sale is aimed at securitizing the cash flows and ring fence the debt servicing part of the solar power undertaking

Lanco Infratech has entered into an agreement for sale of solar power undertaking of the company through a slump sale to Lanco Property Management Company (LPMCPL), a wholly-owned subsidiary of the company. The solar power undertaking has 35 MW of solar power capacity which registered a turnover of Rs 76.99 crore and loss of Rs 11.78 crore and has a net worth of Rs 32.7 crore.

The consideration will be in the form of allotment of equity shares by LPMCPL to the company. The transaction is proposed to be completed before September 30, 2016. The sale is aimed at securitizing the cash flows and ring fence the debt servicing part of the solar power undertaking.

Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.
source: ventura

 

Reliance Capital’s Q1 net jumps 22%

Total income of the company increased by 6.45% at Rs 1007 crore for quarter under review

Reliance Capital has reported results for first quarter ended June 30, 2016.

The company has registered a growth of 21.71% in its net profit at Rs 213 crore for the quarter as compared to Rs 175 crore for the same quarter in the previous year. Total income of the company increased by 6.45% at Rs 1007 crore for quarter under review as compared to Rs 946 crore for the quarter ended June 30, 2015.

Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
source: ventura

 

L&T bags order for 'Nagpur Smart City' project

The company has been identified as Implementation Partner to convert Nagpur city into integrated Smart City

Larsen & Toubro (L&T) has been identified as Implementation Partner to convert Nagpur, the Orange City, into the country’s first large-scale integrated Smart City as per a Letter of Intent from Maharashtra government. This is in line with the government’s vision to use vanguard technology for creating smart solutions to improve quality of life of citizens.

The scope of work in Phase 1 for L&T’s Smart World Communications business vertical, which is a part of L&T Construction, will cover laying of 1200 km of optical fiber network backbone, creating 136 City Wi-Fi hotspots at key locations, establishing 100 digital interactive kiosks and developing city surveillance systems with 3800 IP based cameras.

Further, as an avant-garde endeavor, the city has identified a strip of approximately 6 km (from Japanese Garden Square to Orange City Hospital Square) to be developed as a ‘Smart Strip’ with state-of-the-art systems powered by smart ICT interventions like smart transport, solid waste management, smart lighting, etc. which can be leveraged in a phased manner to ultimately cover the entire city.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
source: ventura

 

Lupin plans to launch around 25 products in US in FY17

Apart from the Gavis portfolio, Fortamet and Glumetza, the company is expecting to launch products like Minastrin and Epzicom

Drug major Lupin is planning to launch around 25 products in the US market in FY17. Apart from the Gavis portfolio, Fortamet and Glumetza, the company is expecting to launch products like Minastrin and Epzicom. The Mumbai-based firm is planning to go ahead with launches on the dermatology front this year.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and APIs globally.
source: ventura

 

BHEL bags order worth Rs 169 Crore from WBSEDCL

The SPV plants of 10 MW each are to be set up at Mejia, Santaldih and Chharrah in West Bengal

Bharat Heavy Electricals (BHEL) has received the Letter of Intent (LoI) for setting up 30 MW (3x10 MW) of Solar Photovoltaic (SPV) Power Plants on Engineering, Procurement and Construction (EPC) basis from West Bengal State Electricity Distribution Corporation (WBSEDCL) and the order value is Rs 169 Crore. The SPV plants of 10 MW each are to be set up at Mejia (Bankura), Santaldih (Purulia) and Chharrah (Purulia) in West Bengal.

Earlier this year, BHEL bagged EPC orders from Neyveli Lignite Corporation and Bharat Electronics for setting up of a 65 MW SPV Power plant at Neyveli (Tamil Nadu) and a 15 MW SPV Power plant at Ordinance Factory premises, Medak (Telengana) which are currently under execution.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.
source: ventura

 

Tata Steel enters into a MoU with IIT Madras

The company has a similar MoU with IIT Bombay, but for a different focus area

Tata Steel, one of the world’s biggest steelmakers, has entered into a memorandum of understanding (MoU) with IIT Madras to set up Tata Steel Advanced Materials Research Center, with initial focus on developing green energy and light weight technologies using carbon-based materials. The centre will draw on expertise and knowledge within Tata Group for developing applications beyond steel. It will become the nucleus of advanced material research and technology development in India. The company has a similar MoU with IIT Bombay, but for a different focus area.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
source: ventura

 

Today (17.08.16) foll cos. will declare Q1 results:
Dalmia Bharat, Philips Carbon, Strides Shashun, Uflex, Radica Khaitan
source: ventura