Director Finance

Rarely do you get a combination of a successful professionals being successful investors as well as traders. Sushil Bhagat is from this rare breed whose market returns would be something that the best fund managers would love to achieve.

See royalty payment impact on PAT at Rs 1600-1700 cr: ONGC

ONGC will have to settle dues worth Rs 2500 crore and this could have a Rs 1600-1700- crore impact on profit, says Director-Finance AK Srinivasan.

Standard Chartered says it has cut 4,000 staff this year

Standard Chartered has cut 4,000 staff since the start of the year as part of its plan to streamline operations and cut costs, and said there could be further cuts.

HSBC faces $2.4 bn bill for new ringfencing rules

The Bank of England has told banks they must set up a boundary around their branch operations to protect taxpayers from any repetition of the multi billion-pound bailouts required during the financial crisis of 2007 to 2009.

Air India seeks one-year extension for Director-Finance

The extension granted to the current CMD Rohit Nandan expires in August. After a streak of losses, Air India had reported a net profit of Rs 14.6 crore in December last year, from a loss of Rs 168.7 crore in the corresponding period of 2013.

Power Grid plans to raise Rs 10,000 cr in FY13 via bonds

State-owned Power Grid Corporation (PGC) is planning to mop up Rs 10,000 crore 2012-13 through private placement of bonds as against Rs 8,500 crore raised in 2011-12. The first tranche of bond issue is likely to hit the market in June.

Price hike, strong sales boost GSK Consumer Q3 net up 31%

GlaxoSmithKline Consumer Healthcare’s net profit for the July-September quarter surged 31% year-on-year to Rs 103.03 crore as strong sales coupled with price hikes taken during the quarter offset pressures from rising input costs.

Opto Circuits eyes 25-30% EBITDA margins in FY12

Opto Circuits signed a pack with a Japanese company Omron for distribution of automated external defibrillator (AED). V Bhaskar, director-finance at Opto Circuits, in an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, said that each of the unit would cost around USD 10-12 million for the period of operations.

REC expects loan-book to go up 25% in FY12

Rural Electrification Corporation has seen a bottomline growth of about 25% in the quarter with income jumping 23% to Rs 2306 crore. HD Khunteta, director-finance, tells CNBC-TV18 that the company had sanctioned Rs 65000 crore in the previous year. He expects this figure to go up 25% in the current fiscal.

ITN Mark a completely debt free company: Core Projects

Core Projects & Technologies is set to acquire a UK-based educational consulting service ITN Mark worth USD 25 million. Nikhil Morsawala, Director Finance of Core Projects & Technologies, in an interview with CNBC-TV18’s Latha Venkatesh and Anuj Singhal, spoke on what he feels about the deal and how will that benefit the company going forward.

REC plans to raise around Rs 28,000cr by next year

HD Khunteta, Director-Finance of Rural Electrification Corporation, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about their recent fund raising plans and the road ahead.