The central bank asked banks to disclose divergences between the bank's and RBI's assessment of NPAs and directed them to set aside adequate provisions towards the same. Many banks have seen a spike in bad loans due to this divergence.
The Jaypee group has been selling off its assets to lighten its debt load. Last year, it announced sale of its cement plants with a total capacity of 21.1 million tonnes per annum (mtpa) at an enterprise value of Rs 16,189 crore to the Aditya Birla Group firm UltraTech Cement.
Manisha Girotra, who previously headed the Indian unit of Swiss bank UBS and is well known in the industry, said she expects deals in sectors such as financials, telecoms and pharmaceuticals to continue driving M&A activity in the South Asian nation.
The country’s largest bank, State bank of India, and biggest private sector lender, ICICI Bank, are among the major lenders to Jaiprakash Associate
There are many Indian companies that have very high level of indebtedness. However, if the resolution doesn’t impact the banking system as a whole, these companies are unlikely to deserve significant attention.
Analysts and trade sources blamed rise in input costs for the price hikes even as demand remains subdued.
Cipla | Bharat Forge | Tata Steel | SBI | PNB | Bharti Airtel | UltraTech Cement | Jaiprakash Associates | Aditya Birla Nuvo | Shree Cement | Religare Enterprises | ARSS Infra | Srei Infrastructure | GMR Infrastructure and SAIL are stocks, which are in the news today.
Jaiprakash Associates today said it has got the approval of National Company Law Tribunal (NCLT) for transfer of its cement plants to the Aditya Birla group firm, UltraTech Cement.
Steel Authority of India is set to award an arm of ACB India Ltd a 30-year contract to mine, develop and operate its 14 million tonne per year Rowghat iron-ore mine in Chhattisgarh, according to an official familiar with the development.
Sudarshan Sukhani of s2analytics.com is of the view that there is buying opportunity in DLF.
Once the Goods & Services Tax (GST) is implemented, there will be some hiccups in first three months. But it will be positive for many sectors like tile and leather products, said SP Tulsian of sptulsian.com.
Gaurav Ratnaparkhi of Sharekhan advises buying Kaveri Seed Company with a target of Rs 489.
SP Tulsian explains why he is bullish on TVS Motor. He also discusses his favourite stocks, namely Bharat Forge and Bajaj Finance.
Jaiprakash Associates today reported widening of standalone net loss to Rs 1,095.02 crore for the third quarter ended December of 2016-17.
The Competition Commission of India's penalty of Rs 206 crore on seven cement companies is likely to shave off "under 2 percent of operating profits" of the players, India Ratings and Research (Ind-Ra) said today.
Axis Bank | Infosys | Mindtree | Tata Steel | Canara Bank | GMR Infrastructure | Orient Green Power | Havells India | TVS Motor | Sterlite Technologies | Kalpataru Power and Ruchi Soya are stocks, which are in the news today.
Competition Commission today imposed nearly Rs 206 crore penalty on seven cement companies for bid-rigging and cartelisation.
Udayan Mukherjee said that the momentum is with developed markets right now which is reflected in the US market rally.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com discusses why he believes Indiabulls Real Estate can see a gain of 20-25 percent in 2017.
Debt-laden Jaiprakash Associates Ltd (JAL) on Monday said its shareholders have approved the sale of the firm's cement business to Aditya Birla Group's UltraTech Cement.
Currently, we are in a bounce and the bull market will began after Nifty touched 9100, which will happen next year, Harendra Kumar of Elara Capital said adding that new bets on the market will be placed then.
The acquisition is mainly to keep in line with the company‘s long-term strategy of reaching 15 million tonne from 5 million tonne by 2020, said Deepak Khetrapal, MD & CEO, Orient Cement.
Deepak Nitrite | Indian Bank | Goa Carbon | Pricol | FIEM Industries | Kotak Mahindra Bank | Marathon Nextgen | Tata Steel | Canara Bank | APL Apollo Tubes | Ramkrishna Forgings | Vindhya Telelinks | Tata Global Beverage | Bajaj Finance are stocks, which are in news today.
The Rs 5,763-crore Eastern Peripheral Expressway project to decongest Delhi, is on a fast-track to completion in about 400 days, to become India’s first 135-km green road to be lit entirely by solar panels R
Shareholders of Jaiprakash Associates (JAL) yesterday approved the "option to convert loans, debentures or other borrowings/debt of the company into equity shares/securities of the company," it said in a regulatory filing.