Bharti Airtel records marginal growth in profits of 3%. More importantly, the African business records substantial decrease in losses. It may be noted that that like other Indian companies’ overseas foray, Bharti had also faced rough weather in its African business which now finally seems to be coming on stream. The company has also announced … Continue reading Telecom Sector – Results and Beyond…
Results of Corporate India for quarter and year ended March’16 start coming in. The early trend in terms of core results appear quite decent, specially in comparison to earlier quarters’ results. Further, there appears to be an effort to clean up the balance sheet by the companies, probably to act more aggressively, when the next up-cycle … Continue reading Weekly Round Up – Week 17
The US federal reserve (US Fed), the equivalent of India’ RBI, is responsible for maintaining economic stability in the US. However, its move is widely followed the world over because, as the old saying goes, “If the US Sneezes, the World catches a cold..”! In its latest meeting on 26-27th April, the FOMC (Federal Open Market … Continue reading US Fed rate pause – The Rationale…
Many times, projects are conceived factoring in a particular scenario, which doesn’t materialize or changes by the time the project is commissioned. One glaring example of this is huge investment in natural gas based power plants, specially closer to Andhra Pradesh coast, based on the premise that large amount of gas would be extracted from … Continue reading Bank NPA… (Part II)
Honorable Supreme Court’s intervention in NPA (Non Performing Asset) deliberation on a Public interest litigation, lends considerably more seriousness to the whole debate regarding Bank’s NPA. The banks Gross NPA plus restructured assets) has gone up from less than 6% of total advances in March’11 to nearly 13% by March’15 and still remains around the same level. It … Continue reading Banks NPA – A Primer… (Part I)
The revocation of passport of Vijay Mallya is one step ahead in the great chase.! Even though his airline had been witnessing stress for a long time, it was still not imaginable that this would lead to all his businesses slipping out of his control. So what all went wrong… A look at the financials of … Continue reading Vijay Mallya – The great chase..!
Dear Friends, We reach an important milestone of 500 Followers and Facebook “Likes” precisely a week, after we went live..!! Thank you all for your warm support and appreciation. Thanks also to all those who have helped me in building this site and in reaching out to other readers… 🙂 Would like to quote two of … Continue reading Thank You…!
Reliance Industries has posted another impressive results with 16% growth in consolidated profits for March’16 quarter, even though total income has decline by 11%. The income decline is on account of sharp decline in crude and product prices.However, the company has managed to protect its refining margins. The E & P (classified as Oil & Gas segment), recorded … Continue reading Reliance Industries, Q 4'16 results..
Reliance Industries has posted another impressive results with 16% growth in consolidated profits for March’16 quarter, even though total income has decline by 11%. The income decline is on account of sharp decline in crude and product prices.However, the company has managed to protect its refining margins. The E & P (classified as Oil & Gas segment), recorded … Continue reading Reliance Industries, Q 4’16 results..
Major Events – IT Big 3 declare their results. (Infosys had declared previous week). TCS declared a better than expected profit growth of 64% for the quarter, whereas for Infosys, it was decent growth of 16%. Further, TCS and Infosys have projected strong outlook for FY17. However, Wipro recorded a modest growth of 2% (Operating … Continue reading Weekly Round Up – Week 16