TV ad spends growth could be muted at 10 per cent this calendar year (CY) as against 14-19 per cent growth over the past 3-4 years, largely dragged down by weak volume growth of the FMCG sector, according to domestic brokerage firm Kotak Institutional Equities.
S Ramnath, CFO, ITD Cementation said the orderbook for the company currently stands at Rs 6000 crore as of December and are awaiting couple of L1 contracts to be awarded.
Jet Airways, which posted its biggest ever quarterly loss, expects the deal to close by the end of the calendar year. While the cabinet has cleared the deal, the Competition Commission of India‘s (CCI) approval is still pending.