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<span style="font-size: 12pt;">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. </span> <span style="font-size: 12pt;">Talking to ET, Sanjit Prasad, CEO, ICEX said “Historically black pepper contract is one of the oldest contracts to have been launched in the commodity derivative market. Unfortunately, it has witnessed a chequered history. ICEX, after doing an in-depth study of the physical market, has consciously decided to re-launch contract based on litre weight- 550 GL rather than location-specific characteristics-MG1.” </span> <div> <a href="//economictimes.indiatimes.com/articleshow/69366992.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"><span style="text-decoration: underline;">Click here to Read More:</span></a></div> <span style="font-size: 14pt;">Source: Economic Times</span>
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 on the Arcoverde project in May 2018. The project boasts 400 MVA in power, covers 139 km of transmission lines, 281 towers and a new substation (Arcoverde II), besides expanding two other substations in the region. <span style="text-decoration: underline;"><span style="text-decoration: underline;"><span style="font-size: 14pt;"><a style="text-decoration: underline;" href="https://theprimetime.in/sterlite-commissions-first-power-project-in-brazil-ahead-of-schedule/">Click here to read more:</a></span> </span></span><span style="font-size: 14pt;"> Source: The Prime</span>
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 two people with knowledge of the matter. Such a measure would be a boost for startups and other unlisted entities as they will get access to to a broader pool of capital. Currently, overseas funders of startups have to come in through the foreign direct investment (FDI) route and hence can only be strategic investors in such companies. <div><span style="font-size: 14pt;"> </span><span style="text-decoration: underline; font-size: 14pt;"><a style="text-decoration: underline;" href="//economictimes.indiatimes.com/articleshow/69193757.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">Click here to Read more: </a></span></div> <div><span style="font-size: 14pt;">Source<span style="font-size: 12pt;">: <span style="font-size: 14pt;">Economics Times</span></span></span></div> <div></div>
Two Indian exchanges -- Anil Dhirubhai Ambani Group-promoted Indian Commodity Exchange (ICEX) and Metropolitan Stock Exchange (MSE) – are in initial talks for a merger, sources told <em>Moneycontrol</em>. MSE does not have much of a product list. It has only one active currency product and was struggling to raise capital to comply with the market regulator’s net worth criteria for an exchange and clearing corporation. However, it raised around Rs 200 crore in 2017 to fund its current operations, thus meeting the regulatory criteria. Read more at: <a href="https://www.moneycontrol.com/news/business/exclusive-anil-ambanis-icex-metropolitan-stock-exchange-initiate-merger-talks-3966981.html">https://www.moneycontrol.com/news/business/exclusive-anil-ambanis-icex-metropolitan-stock-exchange-initiate-merger-talks-3966981.html</a>
When Facebook CEO Mark Zuckerberg announced on April 24 that the company is actively working on to launch WhatsApp Pay in India, the message was clear to the digital payments leader in the country: Brace for the landfall. The country's digital payments industry -- estimated to hit $1 trillion by 2023 -- is going to witness a seismic change this year with global players joining the bandwagon, creating flutters among the existing players, including Alibaba-backed Paytm which rules the market. Read more at: <a href="https://economictimes.indiatimes.com/articleshow/69183215.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">//economictimes.indiatimes.com/articleshow/69183215.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a>
<div> Russian-backed Indian refiner Nayara Energy has completed a long-term pre-payment deal with BP and global commodities trader Trafigura for $750 million, Nayara's chief executive said on Wednesday. The deal, backed by a consortium of international banks, will see the two firms repaid with future gasoline and gasoil over the next four years. Pre-payments are one the financing mechanisms frequently used in the oil industry. The total is half the amount originally targeted but is key for asserting the firm's independence after being previously owned by the debt-laden Essar Group which was wholly dependent on local lenders. "Nayara Energy is continually looking for innovative opportunities to develop a robust financing framework to strengthen its balance sheet," CEO B. Anand said in a statement. Trafigura and BP closed two similar deals over shorter periods worth $1.45 billion last year. Nayara, formerly Essar OilNSE -0.04 %, was taken over by a consortium led by Russian oil major Rosneft in 2017. Rosneft owns 49.13 percent of Nayara, while Russian fund UCP and Geneva-based Trafigura together own a similar share. The consortium acquired a 400,000 barrel-per-day refinery in Vadinar as well as a port, power plant and 3,500 fuel stations for nearly $13 billion. Earlier this year, the refiner said it would invest $850 million to build a new refinery and petrochemical plant. Read more at: <a href="https://economictimes.indiatimes.com/articleshow/69129471.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">//economictimes.indiatimes.com/articleshow/69129471.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst</a> </div>
<div> Sterlite Power Transmission and US private equity giant KKR have agreed to cosponsor and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid Trust (IndiGrid) is aiming to raise Rs 2,560 crore through a qualified institutional placement that opened on Tuesday. Of this amount, KKR will invest Rs 1,084 crore and GICNSE Infra Holdings Pte will invest Rs 980 crore. Sterlite Power Transmission will invest Rs 200 crore to maintain the 15% ownership it is required to maintain as per Securities and Exchange Board of India norms. <div><span style="font-size: 12pt;"><strong style="color: #ff6600;"><a style="text-decoration: underline;" href="https://economictimes.indiatimes.com/markets/stocks/news/kkr-gic-to-invest-rs-2000-cr-in-sterlite-power-trust/articleshow/69123220.cms">Read Full Report Here</a></strong></span></div> </div>
1. The Company has shown an excellent <strong>Revenue growth</strong> of 45% in the first 9MFY19 as compared to last year.<!--more--> 2. The <strong>EBITDA margins</strong> have also improved from 2.7% to 5.25% in the same period. 3. The EPS for the first 9M of FY19 stands at 27 which is higher than by 50% for the entire FY18. 4. Overall we can say the company has posted excellent results. <img class="alignnone wp-image-723" src="https://unlistedzone.com/storage/knowledge-logo/IMG-20190430-WA0043-300x63.jpg" alt="" width="686" height="144" />
<strong>(i)</strong> The company has very high employees benefit expense. <strong>(ii)</strong> They have close to 25% of employees expense in FY18-19 as compared to 20% last year. <!--more--> <strong>(iii)</strong> The average employee expense in the industry is only 10%. <strong>(iv)</strong> Plus this year they have done NPA provisioning of 261 Cr which is more than 94 Cr as per RBI guidelines. Had they not have done this they would have easily added 94 Cr in the bottom line. The Gross NPA and Net NPA have come down to 4.87% and 2.27% from 7.89% and 4.46%, last year which is big positive for the bank. The CAR improvement from 9% to 16% also augur well for the company going forward. <strong>(v)</strong> The company has issued close to 8 Cr shares to Fairfax this year and now Fairfax holds 51% stakes in the bank. By doing this the CSB has become India's first foreign-owned bank. <strong>(vi)</strong> The Fairfax, investment of Arm of Billionaire Prem-Watsa, has infused close to 1200 Cr in CSB. <strong>(vii)</strong> The new management of Fairfax will be very positive for the functioning of the bank and CSB could be a very good turnaround story to watch out for. <strong>(viii)</strong> The management is planning for IPO in 2019 as Fairfax eventually has to reduce the holdings in the bank from 51% to 41% as per RBI guidelines. <img class="alignnone wp-image-712" src="https://unlistedzone.com/storage/knowledge-logo/IMG-20190428-WA0045-300x267.jpg" alt="" width="474" height="422" />
Hero Fin Corp has released a very strong set of numbers this year. The company has reported Revenue growth of 50% and PAT growth of 84% YoY basis. Hero FinCorp (<strong>an associate company of </strong>Hero MotoCorp), is an Indian Non-Banking Financial Company (NBFC). The company is currently engaged in consumer finance businesses and commercial lending. Consumer Finance includes financing Hero MotoCorp Two Wheeler, Loyalty Customer Loans (top-up loans for existing customers) and providing Loans against the property.<!--more--> On the commercial lending side, it provides Indian corporates with a wide portfolio of financing products which include working capital loans, machine loans among others. During the year the company has issued 15,751,300 Equity shares under Right Issue at Rs. 740 per share in the ratio of 4 Equity Shares for every 25 Equity shares. The Net Worth of the company as on 31.03.2019 stands at 3661.51 Cr up by 62% from the last year. The book value of Hero-Fin Corp for FY18-19 stands at 321 per share. The EPS for FY19 stands at 25.92 per share which is up by 60% YoY basis. So, at Unlisted Zone, we feel that the company has shown an excellent set of numbers and it is poised at a very reasonable valuation of P/B of 3x-4x in the unlisted market to grab. For Buying and Selling Hero Fin Corp you can drop us an email at <a href="mailto:[email protected]">[email protected]</a> or can watsapp at 08010009625. <span style="font-size: 12pt;"><a href="https://unlistedzone.com/storage/knowledge-logo/Audited-Financial-Results-FY-18-19.pdf"><strong><span style="text-decoration: underline;">Download Results</span></strong></a></span>
<span style="font-size: 12pt;">This unlisted stock has been creating a lot of buzz among the trading community, which has been busy trying to assign a fair price to the stock.</span> <span style="font-size: 12pt;">Chennai Super Kings (CSK) has been the most successful franchise of the Indian Premier League (IPL), winning three titles and making it to the final playoffs every edition it has been part of. In the ongoing edition of IPL too, CSK has been chart toppers after the first 10 matches.</span> <div> <span style="text-decoration: underline; font-size: 12pt;"><a style="text-decoration: underline;" href="https://economictimes.indiatimes.com/markets/stocks/news/this-unlisted-stock-with-dhoni-connection-has-analysts-swooning-over-soaring-valuation/articleshow/69003664.cms">To read more Click Here:</a></span> </div>
<span style="font-size: 12pt;">Tata Technologies Friday said it has inked a pact with China's FutureMove Automotive to develop connected mobility solutions for automotive manufacturers in China and other markets.</span> <span style="font-size: 12pt;">The companies signed a memorandum of understanding on the sidelines of the Shanghai Motor Show 2019.</span> <div> <span style="text-decoration: underline; font-size: 12pt;"><a style="text-decoration: underline;" href="https://economictimes.indiatimes.com/tech/software/tata-technologies-joins-hands-with-chinas-futuremove-automotive/articleshow/68951420.cms?utm_source=sms_app&utm_medium=social&utm_campaign=socialsharebuttons">Read Full Report here:</a></span> </div>
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