Unlisted Shares News

It is a 15 days old news, but we are sharing here to explain to you guys how Unlisted space is weathering the selling pressure of Dalal Street. Our Co-founder Mr.Dinesh Gupta has also shared his view in the article. New Delhi: The domestic stock market has taken a hard knock as fears about the […]

As per the news published in ET, the RBI has directed to payment gateways aggregators such as Paytm and RazorPay, to comply with the regulation of Payment and Settlement Systems Act (2007). Under this act, the following is needed to comply. a) The minimum Net-Worth of Payment gateway to be 15 Cr. b) Strict Governance, […]

Under this article, we will discuss the business profile of Inkel Limited, a Govt. of Kerala entity. (i) As on 31.03.2019, the Inkel Limited has following projects under their kitty. Over the next 30 months, these projects are expected to generate a revenue of around Rs.80 Crores, after accounting for the receipts so far. Project […]

As per source from ET, the Bira Beer is planning to launch 40-50 limited beer options in the next one year. They are planning to launch one new beer every week from its newest brewery in Mysore. Bira will be completing its five-year journey in 2020. The plan of the company is to have feedback […]

Tamilnad Mercantile Bank has sent the notice to its shareholders for the Annual General Meeting (AGM), and the final decision on all the points which will be discussed in the AGM will be made public on 09.04.2020. We will list the most important points to be discussed in the AGM. 1. Reduction of the Authorized […]

As per Bombay Stock exchange filing, Reliance Retail Ventures Limited, a subsidiary of Reliance Industry, and having ~99% stakes in Reliance Retail, has acquired 7,86,191 equity shares representing 100% of the equity share capital of Shri Kannan Departmental Store Private Limited (SKDS) for a consideration of INR 152.5 crores. SKDS, incorporated on September 15, 1999, is engaged in […]

As per the news published in the ET today, Paytm subsidiary Paytm Insurance Broking has secured a brokerage license from sector regulator IRDAI. They are looking to offer insurance products across Auto, Health, and Life. The wholly-owned subsidiary of Paytm has tied up with 20 insurance firms to sell insurance products. It has surrendered its […]

Yesterday, the news was published in the Economic Times, wherein Mukesh Ambani’s Reliance Retail has been tagged among the 50 fastest growing retail company globally, by Deloitte’s Global Powers of Retailing 2020 index, between FY 2013-2018. Walmart is the top leader among all the retail companies. Deloitte ranked 250 firms globally in its annual report based […]

Religare Health Insurance is going to conduct Extra-Ordinary General Meeting on Friday, March 13, 2020 at 10.00 am at Vipul Tech Square, Tower C, 3rd Floor, Sector-43, Golf Course Road, Gurugram- 122009 to transact the following businesses: a) To approve the issue of private placement/preferential allotment of equity shares to M/s Trishikhar ventures LLP. b) […]

Barbeque Nation has filed for IPO on 17.02.2020 with SEBI. It is one of India’s leading casual dining restaurant chains according to the Technopak Report. It is promoted by SHKSL which owns 45.09% shares in the company. SHKSL was incorporated as Sayaji Housekeeping Services Limited on March 16, 2016 at Bengaluru. SHKSL is engaged in the […]

As per RBI regulation; The Promoters of the Bank are required to maintain a minimum of 26% of the total paid-up share capital of the Bank at all times. As part of the licensing conditions of RBI, the Bank is required to list its Equity Shares by end of year 2020. In view of the impending […]

As per the news published in ET, the market regulator has asked the National Stock Exchange (NSE) to divest its complete stake in its associate company Computer Age Management Systems (CAMS). It implies that NSE will have to sell the entire 1.8 crore shares it currently owns in CAMS. Currently, the CAMS is valued around […]

NCL Alltek & Seccolor has changed its name to NCL Buildtek to reflect its range of building materials including windows, doors, putties, paints and building blocks to tiling solutions. K. Madhu( in the below pic), Managing Director, NCL Builtek said that the new identity is designed to help clients visualize a one-stop solution for all […]

HDFC ERGO Health erstwhile Apollo Munich Health Insurance will merge with HDFC ERGO through a share swap deal. The board of director of HDFC ERGO and HDFC ERGO Health at its meeting on January 15, approved a scheme of arrangement and amalgamation between the two entities, HDFC Ltd said in a regulatory filing. The scheme envisages amalgamation and will lead […]

(i) HDB Financials is a non-deposit NBFC offering a wide range of loans and assets finance products to individuals, emerging businesses, and micro-enterprise. As of 31.12.2019, the HDFC Bank holds 95.3% stakes in HDB Financials. (ii) HDFC Security is the leading retail broking firms in India with ~8 Lakh active clients and the second-biggest broker […]

Mohan Meakin, the maker of the popular brand of rum “Old Monk”, has submitted its papers with the Metropolitan Stock Exchange (MSE) to re-list on the exchanges. “In the next two to three months, the procedures towards re-listing will be  complete.” The 163-year-old company looks to return to the capital markets 16 years after it had de-listed its […]

As per the news published in livemint, the Govt. is planning to introduce a provision in the Company’s Act 2013 to make unlisted companies give their financial results on a quarterly or Half-yearly basis, similar to listed companies, in place of yearly disclosure. Unlisted companies mostly provide annual financial data in the month of Oct […]

Hero-Fin Corp( HFCL ) is looking to raise ~Rs.1000 Crores by a way of preferential allotment through a private placement at Rs.820 per share to following investors. The company is issuing total 1,31,09,753 Equity shares. (i) Hero MotoCorp Limited = 53,99,319 Equity Shares (ii) Hero InvestCorp Private Limited = 1,46,342 Equity Shares (iii) Bahadur Chand […]

Below is the management commentary, as to how Bira has performed in the year 2018-19. The transcript is extracted from the annual filing, which is looking promising as far as growth and expansion are concerned. (i) During the Last One Year, Bira continued to grow significantly and maintained its position in the premium beer market […]

We all must have heard the names of Indian start-ups like OLA, Swiggy, Zomato, Paytm, Byjus. The millennial must have booked a ride with OLA, ordered food from Swiggy or Zomato, paid utility bills with Paytm or have enrolled with Byjus for learning various subjects. But, do we know, when these start-ups were formed, how […]

  Parameter(Crores) Capital SFB Suryodaya SFB Ujjivan SFB AU SFB Deposits 4107 1593 7379 19422 Net Advances 3041 2712 10552 22818 Net Interest Income (NII) 135 339 1106 1190 Net Profit /(Loss) 19.4 87 199.2 381 Book value per share 100 107 11.09 108.28 P/B 3.2x 3.17x 5.22x 7.6x Net-worth 250 881 1819 3162 Above […]

(i) Operating profit continued to grow in the first 6MFY20 and reached 7 crores from a loss of 12 Crores last year in the same period. (ii) Revenue growth of 72% in the first 6MFY20 against 6MFY19. (iii) Revenue of Q2FY20 stands at Rs. 167 Crores as compared to Rs.69 Crores in Q2FY19. (iv) 79% […]

a) Today is the historic day for IBC( Insolvency & Bankruptcy Code) as the Essar Steel case was resolved after two years of long battle. This is important as the debt involved was ~Rs.42000 Crores. This is one of the biggest recoveries for the IBC to date. With this money coming back into the system, […]

There are a lot of misconceptions and queries regarding Pre IPO shares in the market. Many investors are confused between Pre-IPO shares, Unlisted Shares, delisted shares, etc and many other related queries. So to unearth all these queries, today we are presenting a questionnaire to understand all of these in a better way. 1. What […]

NOTICE is hereby given that the 10thAnnual General Meeting of shareholders of Kannur International Airport Limited will be held at 10.00 am, on 21 December 2019, Saturday at Dinesh Auditorium, Kannur to transact the following business: (i) Annual Accounts of the Company for the year ended 31 March 2019 together with Directors’ Report and Auditors’ Report thereon. [ […]

IPO News Flash: As per an article published in moneycontrol today, the company is coming up with an IPO before March-2020. They already got SEBI approval last year in January. Read the complete article here About Barbeque Nation (i) The Barbeque Nation was launched in 2005 by Sayaji Hotels, one of their promoters. (ii) Barbeque Nation Restaurants […]

Yesterday, RBI has come up with the final guidelines to tap the opportunity available in a small finance banking license. Read the guidelines in detail.  Objective of setting up Small Finance Bank(SFB): (i) provision of savings vehicles primarily to unserved and underserved sections of the population. (ii) supply of credit to small business units; small […]

As per the news published in CNBC-TV18 today, the UTI AMC board has approved selling off 8.25% stakes in the upcoming IPO. a) UTI AMC will offer for sale up to 1,04,59,949 equity shares to the public. b) As per the report, SBI is looking forward to divesting its stakes in the IPO. It currently […]

(i) Nazara tech is one of the leading mobile games companies headquartered in Mumbai, which is engaged in the acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, the Middle East, Africa, South East Asia, and Latin America. The Company operations comprise of a Subscription business, Freemium business, and Esports […]

1.  SEBI may relax norms for selling debt security on Exchanges! As per the news published in ET, the SEBI may relax norms for unlisted companies to sell debt security on exchanges (BSE or NSE). Let us understand this. As of now, if any unlisted company wants to raise money by selling its debt security […]

(i) NCL Buildtek Limited (the “Company”) had obtained the approval of members of the Company, at the Annual General Meeting (“AGM”) held on September 28, 2019,for the issuance of Bonus Shares in the ratio of 1:1 i.e., 1 (one) fully paid-up equity share of Rs.10/- each for every (one) fully paid-up equity share of Rs.10/- each held […]

Paytm, the Indian unicorn in the digital wallet has secured a funding of $1Billion( Rs. 7000 cr) from the US asset manager T Row Price along with existing investors, Softbank and Ant Financials, as per the news published in, The Economic Times. However, this funding has come up with clear instruction from investors, make the […]

ArcelorMittal’s shares rose by 2.5percent on Friday, the day the Supreme Court cleared its acquisition of Essar Steel. That reaction may seem optimistic since its acquisition coincides with a rather difficult period for the global steel industry. Demand conditions have turned weak and so have steel prices even as the uncertainty due to the US-China […]

Yesterday’s decision from the Supreme Court is a big relief for creditors who were wandering from the last 2 years, first, in NCLT and then in, Supreme court, to get their dues from Essar Steel. Essar Steel is an integrated steel producer with an annual capacity of 10 million tonnes with a strong presence in […]

Japan’s Softbank, the investor in the Paytm, has laid down new norms, as a part of the latest funding round to be done by T Rowe, Ant Fin, and Softbank. T Rowe is likely to invest $150-$200 million in Paytm and total funds to be raised are close to $1Billion, as per source from Economic […]

Suryoday – ‘Sunrise’ in Sanskrit, signifies new dawn. It has received a Micro-Finance license from RBI in 2008, and within 8 years converted into a successful Small Finance Bank. The 80% of the loan book comprises of JLG and Individual business loans followed by 16.9% in Retail Assets such as Commercial Vehicle Loan, Housing Loan, […]

(i) Nazara Technologies Ltd a leading global interactive gaming and digital sports media company has signed an Investment Agreement with Paper Boat Apps and its promoters on 11th October 2019 for investment up to Rs. 83.5 Crores in Paper Boat Apps, a Mumbai based indie studio. (ii) The company intends to acquire a majority stake […]

The country’s largest two-wheeler maker Hero Moto Corp on Tuesday said its board has approved an investment of up to Rs 450 crore in its associate company Hero FinCorp Ltd (HFCL). The company’s board has considered and approved an investment of up to Rs 450 crore in HFCL by subscribing to the issue of shares […]

Fino Payments Bank has recorded double the initial target for digital transactions in August followed by HDFC Bank that achieved 114% of its target for the month. Fino Payments Bank topped the list in achieving the target for August with a score of 71, while HDFC Bank finished second with a score of 70, according […]

Online payment services company Paytm is in talks with US asset manager T Rowe Price to lead a financing round aimed at raising $1 billion, according to two people privy to the matter.  The latest funding round may value Paytm at $13-15 billion, the people said.  T Rowe Price is in talks to invest around […]

Hero FinCorp, part of the ‘Hero’ group is an Indian NBFC. It is engaged primarily in financing two-wheelers for Hero Motocorp, the largest motorcycle maker in the world. To diversify its base, it has forayed into providing loans against property and in commercial lending. It has an employee base of 1500. The Company has one […]

As per the report published in Economic Times on May 30, 2019 (i) Safecrop Holdings, a consortium of WestBridge Capital, Madison Capital and investor Rakesh Jhunjhunwala, is set to gain control of Star Health & Allied Insurance Co in what’s pegged as the sector’s largest M&A transaction in India. “The consortium of investors will acquire […]

As per communication received from Religare Health Insurance Limited, it is coming with the right issue to be opened from 28.10.2019 to 11.11.2019. The eligible shareholders can participate. ” The Board of Directors in its meeting held on February 14, 2019, authorized the Company to raise capital up to an amount of Rs. 150 crores […]

NCL Buildtek is the new name of NCL Alltek & Seccolor, a change to reflect the range of building materials the NCL group firm has come to deal with over the years, from windows, doors, putties, paints and building blocks to tiling solutions. The new identity is designed to help clients visualize a one-stop solution […]

Xerox is a print technology and intelligent work solutions leader. They have expertise in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity and increase client satisfaction. The primary offerings span in three main areas: Intelligent Workplace Services, Workplace Solutions, and Production Solutions. Intelligent Workplace Services […]

As per ROC filing by Paytm, the Paytm has introduced new ESOP 2019 scheme for its employees for a period of 5 years. Under this scheme, the company will issue 2,42,904 shares worth Rs 357.66 crore. With this addition, the total count for ESOP in Paytm will increase to 2,166,524. What is ESOP? ESOP means […]

Reliance Retail, the largest retailer in India and a subsidiary of Reliance Industries demonstrated a stellar performance amidst the so-called consumption slowdown, and GDP growth rate declining to the lowest levels since the past decade. The Reliance Industries Mcap reaching no. 1 in India is due to stellar performances by the Retail and JIO segment. […]

The half-yearly results of HDB Financials Services have been published and the same has been tabulated below. Particulars(cr) Half-Year ended 30-09-2019 Half-year ended 30-09-2018 Year Ended 31.03.2019 Total Income 5250 4078 8724 Expense 4495 3266 7000 Net-Profit 427 525 1149 Equity 785 782 785 EPS 5.44 6.71 14.64 To get more details Click here

The bank has given notice for the Extra Ordinary General (EGM) meeting to the members of Suryoday Small Finance Bank Limited (“ the Bank”) which is to be held on Tuesday, November 5, 2019, at the registered office Navi Mumbai 400614 at 11.30 a.m. to transact the following business: (i) Increase in the limits of investment by NRIs to 24% […]

A recent circular by SEBI which is released on Oct-1 has restricted debt Mutual funds to invest in the unlisted commercial paper issued by companies. The information was published recently in the live mint. Commercial papers(CPs) are the debt instruments through which companies raise funds for the short term typically less than a year. Generally, […]

The Ministry of Electronics and Information Technology (MeitY) has ranked HDFC Bank, FINO Payments Bank and Paytm Payments Bank (PPB) as the top three banks in the month of July, based on their performance to drive digital payment transactions. ” The scores are based on the performance of the banks against targets assigned to them which includes – total digital […]

It is a matter of pride for us that your UnlistedZone has been featured once again in the Economic Times. We want to tell you that our main goal to form UnlistedZone is to bring good quality unlisted shares to the public with full research reports so that our investors can invest their money carefully […]

Will seriously explore possibility; have to discuss the issue with investors’ Fino Payments Bank, which started operations about two years ago, is likely to apply to the Reserve Bank of India (RBI) to convert itself into a small finance bank after the banking regulator allowed such conversion last week. While announcing the draft norms for […]

The Indian Premier League’s valuation grew nearly 7 percent in 2019 to $6.8 billion, boosted by an increase in brand values of two of its most popular franchises, according to a study. Brand values of Mumbai Indians and Chennai Super Kings rose by 8.5 percent and 13.1 percent, respectively, the study by Duff & Phelps […]

(i) The RBI yesterday have formed draft guidelines for Small Finance Bank(SFB). (ii) The Payment bank can now apply license for SFB if it has a Net-Worth of 200 Cr. ” This is good news for Fino-Payment Bank as they can now apply for SFB license. This will give them a lot of opportunities to work […]

“A revolution in the making” The Story: Paytm is like a one-stop solution provider in the digital space, be it in transactions, shopping or investing in mutual funds. It has simplified banking and transactions to a much simpler level. It is viewed as a fin-tech company, a digital marketplace, and/or an application for monetary exchange. […]

Paytm became a household name overnight when the Indian government announced demonetization in Nov-16. From thereon the company is continuously gaining market share and currently, Paytm dominates UPI merchant payment segment with 60% share. The company provides telecom based value-added services to various telecom operators across the territory, payment gateway aggregator services, ticket services, utility […]

FY15-16 The company has issued 3,39,37,500 equity shares @ 120 each on right issue. Book Value = 120. So this deal happened at P/B multiple of 1x. FY16-17 During the year, the Company has issued 1,34,92,216 equity shares @ Rs. 520.30 each on preferential allotment to Otter Limited and Credit Suisse ( Singapore) Limited. Book […]

We at UnlistedZone are receiving a lot of queries regarding which share to buy Kurl-On Limited or Kurl-On Enterprise? So to do away with the confusion we are providing the brief of the business of the companies. In our opinion, we should always buy a company which is having the core operation. Kurl-On Limited is […]

Paytm will start preparations for an initial public offering (IPO) in the next 22-24 months, its founder and chief executive officer (CEO) Vijay Shekhar Sharma told the HT-MintAsia Leadership Summit in Singapore on Friday. The Indian e-commerce and digital payments giant had last raised funds, totaling $300 million according to regulatory filings, from Warren Buffet’s […]

1. The Company grew from being a relatively small-sized trading business to emerging as a corporate of considerable scale. They grew from 41 Cr in revenues in 2009-10 to 390 Cr in 2018-19. During this decade, the Company reported a compounded annual growth in revenues at a rate of 28.4%. 2. 5.89 million Helmets manufactured […]

HDB Financial Services, HDFC Bank-owned non-banking financial company (NBFC), will raise Rs 15,000 crore via non-convertible debentures (NCDs) and Rs 500 crore through subordinated bonds to support expansion in the loan book. HDB Finance, an NBFC in the retail financing space, has seen its overall loan portfolio grow by 22 percent to Rs 56,287 crore as […]

Unlisted Indian companies could soon find it easier to raise capital overseas through depository receipts. The Securities and Exchange Board of India (Sebi) is planning a liberalized regime for the issue of global depository receipts (GDRs) and American depositary receipts (ADRs) that will help startups and others raise funds, said two people with the direct […]

Financials of the last 5 years Year Revenue( Lakhs) Expense(Lakhs) PAT(Lakhs) Equity(Lakh) EPS 2015 33,810.71 31,877.24 1,265.21 30.36 41 2016 37,310.05 35,551.68 1,142.10 30.36 37 2017 38,301.56 36,573.17 1,091.45 30.36 35 2018 40,918.28 38,714.97 1,454.63 30.36 48 2019 47,283.00 43,645.00 2,350.00 30.358 77 UZ Review (FY18-19) 1. The company has shown a Revenue growth of […]

Paytm has elevated its CFO and senior vice-president Madhur Deora as president in a newly created role. The Citigroup veteran, who joined the digital payments company in 2016, will now oversee multiple business lines at the Noida-based firm. Deora, a former investment banker, will now be responsible for all of Paytm’s consumer services business, the […]

Reliance Industries is aiming to list its consumer businesses Reliance Jio and retail arm Reliance Retail in the next five years.  Chairman Mukesh Ambani told the company’s 42nd annual general meeting that the two verticals to would soon be bringing in 50 percent of the group’s consolidated EBITDA.  Addressing shareholders, Ambani said, “We have received […]

Dear Shareholders, Let me now talk about – the retail business.I am proud to say that Reliance Retail has well and truly brought the Retail Revolution to India. (i) We are able to deliver the highest value to our customers because we have the widest geographical footprint; nationwide supply chain; technology expertise; design & product […]

The Prem Watsa backed Catholic Syrian Bank( the CSB) is all set to raise 400 Cr from IPO. The CSB bank has filed DRHP with SEBI. The company will issue fresh shares of 30 cr and OFS of 370 Cr. The issue is a combination of fresh shares and an exit opportunity for investors who […]

Sterlite Power Transmission Ltd (SPTL), which develops power transmission infrastructure in India and abroad, is scouting for an equity investor to raise up to ₹3,000 crore to invest in new projects, said four people aware of the development. “While no names have been finalized, the company has approached several bulge bracket investors which includes long-term […]

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India’s biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday. Talks began after Reliance’s negotiations with China’s Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation, the financial daily […]

The Reliance Industry is looking to list its most valuable subsidiary i.e. Reliance Retail this year, which has clocked a Revenue of 1,30,000 Cr this year.Reliance Retail has become India’s first retail company to cross the 1 lakh Cr of Revenue. Food and Grocery Category – Reliance Retail operates Reliance Fresh, Reliance Smart and Reliance […]

Suryoday Small Finance Bank (SFB) announced its plans to raise up to Rs 1,000 crore through initial public offer (IPO) by mid-2020. The company would raise about Rs 400 crore through an offer-for-sale (OFS), while fresh capital infusion would take the total IPO size anywhere between Rs 600 crore and Rs 1,000 crore, informed a […]

During a Surveillance meeting at SEBI, it has been decided to implement uniform / standardized reason codes for off-market transfers by both depositories, to provide an audit trail of reasons associated with such transfers as a risk mitigation measure. DPs are advised to inform & educate their BOs regarding the availability of new reason codes (while executing DIS) […]

The National Company Law Appellate Tribunal (NCLAT) has rejected promoter Prashant Ruia’s appeal against Essar Steel’s sale to ArcelorMittal, paving the way for the takeover of the debt-crippled steel major. NCLAT said the issue has been decided by the Supreme Court and that the Committee of Creditors has no role in the distribution of the […]

Starting today, using Paytm will get a little dearer. It will start passing on the Merchant Discount Rate (MDR) that banks and card companies charge for digital transactions to consumers to help reduce the burn rate at the Noida company and turn profitable, said two people familiar with the development.  The charge amounts to 1% […]

a) Consolidated Revenue (CIAL and its Subsidiaries) = 807 Cr  The revenue is up by 15% as compared to last year despite Airport remains closed in August for 15 days during Kerala Floods. b) Consolidated Profit( CIAL and its subsidiaries) = 184 Cr  The Profit is up by 7% as compared to last year. c) […]

Cochin International Airport Ltd( CIAL) has registered a net profit of Rs. 166.92 crore out of a turnover of Rs. 650.34 crore. for the financial year 2018-19. The board of directors who met at Kochi with the chief minister Pinaray at the chair has proposed a dividend of 27%. Despite the closure of the airport […]

One97 Communications Ltd, the parent of mobile payments company Paytm, may see its losses more than double in the year starting 1 April, according to its estimates. Paytm expects its loss to surging to around ₹2,100 crore for the year ending 31 March 2020 from an estimated ₹870 crore in the current fiscal, according to […]

A) Financial Snapshot B) Key Highlights C) Outlook

Bharat Nidhi is doing a buyback in line with SEBI regulation while delisting its shares from Kolkata Stock Exchange and shifting to dissemination board. To read more about dissemination board please click the link. The company is offering an exit price of Rs.11,129 for the maximum number of 21,791 Shares. We feel the valuation of Rs.11,129 per […]

The Catholic Syrian Bank is planning to come up with an IPO soon. The IPO size would be approx 550 Cr. It would be a mix of Fresh Shares and OFS. Before the IPO, the CSB is giving shareholders an opportunity to offer their shares in the upcoming IPO. If you do not participate in […]

Unlisted small finance banks (SFBs) Fincare Small Finance Bank and Suryoday Small Finance Bank have started work on going public, even as their listed peers struggle with listing norms. So far, three SFBs have listed on the stock markets—Equitas Financial Holdings Ltd, Ujjivan Financial Services Ltd and AU Small Finance Bank Ltd. Of these, Equitas […]

1. The Company has shown 7.7% Revenue growth, YoY. 2. The EBITDA Margins stands at 18.36% up by 300 basis Points. 3. The Company has shown a 43% PAT growth, YoY.  So overall the company has shown good results.

As part of International Solar Alliance (ISA)’s initiative to find out suitable models to be incorporated to achieve its ambitions plan of massive deployment of solar energy, a delegation consisting of 40 ambassadors/high commissioners are visited Cochin International airport on 22nd May 2019. CIAL expressed its readiness to provide consultancy service to airports of the […]

UZ Financial Review 1. The company has shown a robust growth of 44.45% in terms of Revenue in FY18-19 as compared to last year. 2. The company has shown a robust growth of 120 % in terms of PAT in FY18-19 as compared to last year. 3. The Operation Margins have gone up to 6% in […]

Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation, and amortization) of ₹4,229 crore during its Corporate Insolvency Resolution period (over 600 days).In an affidavit filed before the National Company Law Appellate Tribunal (NCLAT) last week, the resolution professional said the company earned ₹4,000 crore from its operations between August 2017 and February […]

The Indian Commodity Exchange (ICEX) is all set to launch a black pepper contract on May 20. The exchange is eyeing 25 per cent-50 percent of the Rs 3,000-crore physical market to use the price hedging on its platform in the first year.  Talking to ET, Sanjit Prasad, CEO, ICEX said “Historically black pepper contract […]

Sterlite Power Wednesday said it has delivered first power transmission project in Brazil 28 months ahead of schedule. “Sterlite Power celebrates the kickoff of operations in the Arcoverde project. This is the first of 10 projects assigned to the company in Brazil,” a company statement said. According to the statement, the company began construction work […]

The Securities and Exchange Board of India (Sebi) committee on the overhaul of regulations for offshore investors is set to recommend that foreign portfolio investors (FPIs) be allowed to buy shares of unlisted companies. The committee, headed by former RBI deputy governor HR Khan, is expected to include this suggestion in its final report, said […]