India Inc is witnessing gradual unwinding of corporate leverage, but the "strain" on the banking sector is likely to remain for the time being, says a DBS report
BSNL Chairman and Managing Director Anupam Shrivastava says BSNL is making relentless efforts to revive itself under the leadership of Telecom Minister Ravi Shankar Prasad, who is very keen to restore the pristine glory of the company. BSNL will be investing Rs 7,700 crore in the current financial year to expand network.
Based on the deal with Temasek and visibility of a superior earnings profile — following US approvals and out-licensing of NCE/NBE molecules — Macquarie has raised Glenmark's target price to Rs 1400 per share while maintining outperform rating.
VD Mhaiskar, chairman & MD of IRB Infrastructure plan to maintain debt-equity ration at 3.3:1.
Godrej Properties is looking to dilute promoter stake in the company through the institutional placement (IPP) route. CNBC-TV18 caught up with Adi Godrej, the chairman of Godrej Industries to get the details.
S Kumars Nationwide (SKNL), has reiterated that neither its lenders, promoters or long-term investors have sold its shares in recent days. It is also hopeful that the shares pledged with banks will be released in the next few months.
Tulip Telecom’s Sanjay Jain joins CNBC-TV18 to talk about the stake sale in the company’s Data Centre. Tulip is looking for an investor who will bring value to the front, not only in monetary terms, but also through expertise in the data field, he said.