Azim Premzi donated 7.5 Billion USD worth of Shares to Charity.
Reliance Infrastructure has bagged Airports Authority of India (AAI) contract for the new greenfield airport at Hirasar in Rajkot, Gujarat with a bid of Rs. 648 crore. AAI has issued LoA for the project to Reliance Infrastructure. Read more: https://t.co/USdtlMyiLW pic.twitter.com/rdbuHnn0cp— Reliance Infra (@RInfraOfficial) March 5, 2019
Reliance Communication price decreased by 35%. Stock Price has fallen from 11.60 to 7.55. Prior to this Ericsson had filed petition before NCLT to invoke insolvency proceedings against Reliance Communications (RCom). Reliance Communications had approximately 42000 Crores Debt on its books.
Reliance Jio might be in race to buy couple of Reliance Communications wireless assets.
Dabur 2018-19 Q3 Net Profit : 366 Crores
Dabur 2017-18 Q3 Net Profit : 332 Crores
CLSA Maintains Buy on NTPC. NTPC is a good company to invest for long term relatively by seeing good profits by NTPC and relatively valuation. However if government announces further disinvestment, there will not be any sharp raise in NTPC share price.
DHFL Share Price fall by 15% Plus after Government Launches Probe in 31000 Crore Rupees Fund Diversion Allegations.
However DHLF company denied the allegation that the funds are diverted and it can explain.
Indian Oil Corporation 2018-19 Q3 Net Profit : 716.8 Crores
Indian Oil Corporation 2017-18 Q3 Net Profit : 7883.2 Crores
TVS Motors 2018-19 Q3 Net Profit : 178 Crores
TVS Motors 2017-18 Q3 Net Profit : 154 Crores
HCL Technologies 2018-19 Q3 Net Profit : 2014 Crores
HCL Technologies 2017-18 Q3 Net Profit : 1969 Crores
HCL Technologies 2018-19 Q2 Net Profit : 2154 Crores
Axis Bank 2018-19 Q3 Profit : 1680.8 Crores
Axis Bank 2017-18 Q3 Profit : 726.4 Crores
Axis Bank 2018-19 Q3 Gross Non-Performing Assets Ratio : 5.75%
Axis Bank 2018-19 Q3 Net Bad Loan Ratio : 2.36%
Bajaj Auto 2018-19 Q3 Profit : 1101.8 Crores
Bajaj Auto 2017-18 Q3 Profit : 952.4 Crores
Bajaj Auto 2018-19 Q3 Revenue : 7409.3 Crores
Bajaj Auto 2017-18 Q3 Revenue : 6387.6 Crores
NTPC 2018-19 Q3 Profit : 2385.4 Crores
NTPC 2017-18 Q3 Profit : 2360.8 Crores
NTPC 2018-19 Q3 Revenue : 24,120.4 Crores
NTPC 2017-18 Q3 Revenue : 20,774.4 Crores
NTPC Board announced bonus shares in the ratio of 1:5
ICICI Bank Net Profit in 2018-19 Q3 : 1604.9 Crores
ICICI Bank Net Profit in 2017-18 Q3 : 1650.2 Crores
ICICI Bank NPA in 2018-19 Q3 as a Percentage of Total Advances: 7.75%
ICICI Bank NPA in 2017-18 Q3 as a Percentage of Total Advances : 8.54%
Net Interest Income Earned in 2018-19 Q3 : 6875.3 Crores
Net Interest Income Earned in 2018-19 Q3 : 5705.3 Crores
ICICI Bank share rose by 5% as NPA numbers relatively improved.
Reliance Industries Profit for 2018-19 Q3 - 8928 Crores
Reliance Industries Profit for 2017-18 Q3 - 8454 Crores
Bajaj Pulsar 220 Sales in Nov-2018 recorded good growth when compared with Nov-2017.
Nov-2018 Sales of Bajaj Pulsar 220 : 6933
Nov-2017 Sales of Bajaj Pulsar 220 : 5207
Goldman Sachs Downgraded Hero MotoCorp from Neutral to Sell . Hero MotoCorp Stock has fallen by 4.2% on Dec-24-2018 when stock is downgraded to Sell from Neutral.
Power Finance Corporation is 240 Billion Rupees Market Value company. Rural Electrification Limited is 200 Billion Rupees Company. Both Power Finance Corporation and Rural Electrification Limited shares raised by 1% post the news. Cabinet Committee on Economic Affairs had given approval for Power Finance Corporation to acquire 52.63% of Rural Electrification Limited. Post the acquisition REC Ltd Management control will be taken by Power Finance Corporation.
Power Finance Coporation provides loans to Power Sector Companies and Rural Electrification Limited is established to provide electricity to all rural areas.
This step will help Central Government to achieve Disinvestment Target.
This step will help Central Government to achieve Fiscal Deficit target of 3.3% of GDP.
HCL Technologies Plunges by 6% after 1.8 Billion Dollar Acquisition of couple of Products from IBM.
The software products in scope represent a total addressable market of more than $50 billion and include:
HCL and IBM have an ongoing IP Partnership for five of these products.
HCL Technologies posted 25.34 Billion Rupees as Net Profit in Q2 of 2018-19. Revenues in Q2 is 148.60 billion rupees. Quarter on Quarter jump in Net Profit is 14.8 Percent and Revenues jump by 19.5 Percentage.
Government of India had proposed to merge Bank of Baroda, Vijaya Bank and Dena Bank. As part of it Dena Bank board meeting was held on Sep-24-2018. Dena Bank board has given its approval to merge with Bank of Baroda.
Infosys Acquired Fluido which is SalesForce Advisor and Consulting firm for 65 Million Euros (Approximately 75 Million USD). Fluido is the leading Salesforce consulting partner in the Nordics. In 8 years Fluido has grown to become the leading Salesforce partner in the Nordics employing over 200 experts and serving over 300 customers.
SalesForce is one of World's largest CRM available on Cloud. Fluido company has expertise in Salesforce Related Services, Solutions, Training. Acquisition Helps Infosys to gain global expansion in Nordics and also additional technical expertise in SalesForce related Services.
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