Slower-than-expected ramp up in Ebitda or delayed/lower-than-expected refinancing by VRL resulting in higher-than-expected dividend outlay in FY24, could further reduce cash balance.
Posts in category Business Standard
Stock markets trade in red on weak industrial output, global cues (14-08-2023)
Metal stocks were the top drag, falling about 2%, while auto, public sector bank index were down over 1%, each
PVR Inox gains 3% on highest-ever weekend footfalls, box-office collection (14-08-2023)
The company welcomed around 3.36 million guests at its cinemas and earned gross box office revenue of around Rs 100 crore in the Aug 11 – 13 weekend.
National Alumimiun slips over 4% after Q1 net plunges 40% (14-08-2023)
The company’s consolidated net profit dropped to Rs 333.76 crore in Q1FY24 from Rs 557.91 crore in Q1FY23. Total income was down 16.1 per cent YoY at Rs 3,226.88 crore.
Adani Group shares under pressure; Adani Ports, AEL slip up to 5% (14-08-2023)
Securities and Exchange Board of India is set to submit to the Supreme Court its report on the allegations made by US-based Hindenburg Research against the Adani Group.
Gold prices unchanged, silver falls Rs 3,200, trades at Rs 73,000 per kg (14-08-2023)
The price of 22-carat gold also remained stable, with the yellow metal selling at Rs 54,650
Stocks to Watch on Aug 14: Adani Ports, Nykaa, Raymond, PSU Banks, Biocon (14-08-2023)
Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.
Stock Market LIVE: SGX Nifty weak; Adani Ports, ITC, SpiceJet in focus (14-08-2023)
Stock market LIVE updates on August 14, 2023: At 8:30 AM, Gift Nifty was at 19,431 levels, down 49 points from its previous close. Compared with Nifty Futures’ previous close, this was a cut of 70 pts
Nifty Bank: A close below 43,700 will trigger fresh round of selling (14-08-2023)
In such a case, further support for the Nifty Bank index is projected around 43,350, 42,600, and 41,500
Sebi to focus on tech, plans Geotagging to boost enforcement activities (13-08-2023)
Capital markets regulator Sebi is betting big on technology, as it plans to implement a Geotagging solution in the current financial year to strengthen the process of its enforcement activities.
While focussing on technology, Sebi said it plans to undertake various projects to boost its information technology (IT) capacity and build a “fault-tolerant” architecture.
The move is aimed at further enhancing its technological and cybersecurity capability, and to better serve its stakeholders.
“In the coming year, Sebi plans to implement a Geotagging Solution to strengthen the process of its enforcement activities,” the regulator said in its annual report for 2022-23.
Geotagging is the process of adding geographical information usually in the form of latitude and longitude coordinates to various media such as photos, videos, etc.
The project intends to implement geotagging technology-based mobile application solutions, which help the market regulator to take necessary photos or videos a