Jan 30, 2023 08:09 PM IST

PhonePe management sees operational profitability by 2025

PhonePe will have an EBITDA profit of Rs 1,797 crore in the calendar year 2025, with an EBITDA margin of 19.7 percent, the company's management told audit firm KPMG

HRtech SaaS platform BetterPlace raises $40 million in extended series C round

BetterPlace's existing investors Jungle Ventures and British International Investment also participated in the funding round

Why Adjusted EBITDA needs a closer look

Alcoa cites near-term uncertainties, signalling caution for global peers

Realisations for Indian aluminium manufacturers may be affected since huge exports from China could disrupt prices.

Planning 10 percent expansion of field force in FY23: C.S. Muralidharan, Sun Pharma

Buoyed by the success of it's field force expansion two years ago, Sun Pharma is planning another round of expansion in the current fiscal to enhance brand focus.

MRPL to capitalise on strengthened Singapore GRMs: MD M Venkatesh

Listing out reasons for high margins for their refinery, MRPL MD M Venkatesh said strong demand and tight supply have supported their margins.

VIL's balancesheet woes may impact financial lenders, others; govt support critical: ICRA

The support can be by way of deferment of spectrum dues, cut in levies, reduction in interest rates, and a combination of relief measures could aid financial profile and the structure of the industry.

Adani Road Transport acquires 49% stake in MBCPNL for Rs 1,680 crore

MBCPNL is an important gateway connecting Maharashtra with 6 neighbouring states, which covers over 20 percent of the commercial road traffic in India.

JSW Steel charts 2-year plan for new buy BPSL

Much of the plans though hinge on the Supreme Court ruling on JSW Steel's petition to give it immunity from a probe by Enforcement Directorate on the former promoters of BPSL

Talbros Q3 net profit rises 144% at Rs 10.6 crore

Total Income from operations rose 35.6 per cent to Rs 132.1 crore in the third quarter of financial year 2020-21 as compared to Rs 97.4 crore revenue in October-December period of the previous fiscal year.

BSNL, MTNL turn EBITDA positive in first half of FY21: Telecom Department

The Department of Telecom (DoT) also said that the process for spectrum allocation for 4G services to Bharat Sanchar Nigam Ltd (BSNL) on pan-India basis, including Delhi and Mumbai, has been initiated and funds have been provisioned in FY2020-21.

Indian telcos' mobile growth weakens on coronavirus; remains robust: Fitch Ratings

"Notwithstanding the effect of the pandemic, we expect FY21 industry mobile service EBITDA to increase by about 15 percent YoY, which will outperform our Indian GDP growth forecast of 0.8 percent, as the industry will realise the full-year benefit of industry-wide tariff hikes of around 30 percent, effective from December 2019," the rating agency said in a note.

Quick Take | Tata Steel's SE Asia sale will sharpen its India focus

Tata Steel's profitability will improve after the sale of its South East Asian steel business, letting its management focus on the country that matters the most to its future—India.

Moody's says may downgrade Airtel rating if margins dip further

"The ratings are likely to be downgraded within the next 6-12 months if heightened competition persists in its Indian wireless business, such that consolidated EBITDA or margins deteriorate further from current levels," Moody's said in a statement.

Vodafone India's H1 operating profit falls 39%

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 40.75 billion rupees ($622.26 million) in the half year ended Sept. 30, from 67.04 billion rupees a year earlier, Vodafone India, the country's No.2 telecom operator, said in a statement on Tuesday.

Tata Power's renewable portfolio profit up at Rs 173 cr in Q2

The company had clocked Rs 86 crore profit from renewable business in the same period last year.

Daimler third-quarter profit falls on diesel costs, special items

Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.

Vedanta's quarterly core earnings rise about 48%

The company, which mines zinc in Rajasthan, said earnings before interest, tax, depreciation and amortization rose to $777.8 million in the first quarter ended June 30, from $527.1 million a year earlier.

Challenging to come up with a consolidated outlook of telecom sector: ICRA

Competitive intensity could drive down industry’s revenues to Rs 2.4 lakh crore in FY18 from Rs 2.56 lakh crore in FY17.

Record slowdown in bank credit growth; 1,000 companies borrowed Rs 1 trillion less in FY17

Some of the best-known companies that have lowered loan funds include Gail India (-48%), Piramal Enterprises (-37%), National Fertilizers (-37%), L&T (-24%) Hindalco (-20%) and Jet Airways (-22%).

Fitch gives 'BB' to JSW Steel's unsecured debt

"The final rating is in line with the expected rating assigned on March 28, 2017, and follows the receipt of final documents conforming to earlier information," Fitch Ratings said in a statement.

Eye 10-15 revenue growth in FY18; bring debt down to Rs 1K cr in CY17: Prime Focus

Expects a 10-15 percent growth in revenues and EBITDA growth of 25-30 percent for the fiscal year 2017-18, said Vikas Rathee, Group CFO, Prime Focus.

Fitch affirms JSW Steel 'BB'; outlook negative

The agency has also affirmed the company's senior unsecured rating and the rating on its USD 500 million 4.75 percent senior unsecured notes due 2019 at 'BB', the rating agency said.

After IT, fear of layoffs hits telecom space; 10,000 jobs at risk

Dark clouds of job cuts loom over the telecom sector. The risk running with mergers is that as many as 10,000 employees may lose their jobs over the next year.

Idea Cellular sees selling pressure on Day 2: What analysts are talking about it

The stock had closed almost 10 percent closer on March 20 and fell over 7 percent intraday on Tuesday. CLSA has maintained its sell call on the stock, while Motilal Oswal has upgraded the stock to a buy call.