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Within the M&HCV growth momentum, Ashok Leyland is seeing strong demand growth from higher tonnage vehicles driven by better unit economics of these vehicles.
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The regulator's Board had given the nod for this in the March 15 meeting.
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K J Jawa, Chairman and MD for Daikin India, said the shift towards smart HVAC systems is notable, driven by the rising energy consumption and improving system efficiency.
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While this will be an Interim Budget, the overall mood is that the government will continue to spend, particularly because private capex is at a nascent stage and there is buoyancy in government revenues
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In an exchange filing dated October 3, the company said that the new work order from Hinduja Renewables entail supply, service, erection, testing, and commissioning of 16.5 MWp project at Sivgangai Tamil Nadu
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Kotak AMC’s Nilesh Shah urges caution and emphasizes the need to focus on companies with strong governance and minimal leverage to ensure long-term success in the infrastructure segment. He remains vary of investing in the infra stocks due to unsuccessful past investment experiences.
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Narendra Modi said every sector has witnessed swift advancement, setting the stage for a developed India.
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The prime minister, who was virtually addressing a Rozgar Mela to distribute appointment letters among assistant teachers here, described teachers as a medium for big change.
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Addressing media after his talks with Danish counterpart Mette Frederiksen, PM Modi said that over 200 Danish companies are already present in India and benefiting from the 'ease of doing business' initiative of the government.
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These relaxations would provide the much-needed relief to those construction contractors whose eligibility to bid for new projects has been hampered on account of the COVID-19 pandemic-led business disruptions, Ind-Ra said in its report.
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Despite concerns around the coronavirus outbreak, for the infrastructure sector, this period has been mostly Reboot-2.0, HDFC Securities has said in a report.
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In this episode of 3 Point Analysis, Moneycontrol’s Jerome Anthony explains the key expectations of the infrastructure sector from Budget 2019.
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Noting that India has no such framework for dissolving bankrupt and insolvent units, he said that the reform in this sector would bring in an state-of-the-art kind of system which works on strict and stringent timelines.
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Net Sales are expected to increase by 6.7 percent Y-o-Y (up 8.7 percent Q-o-Q) to Rs 183.7 crore, according to Kotak.
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Net Sales are expected to decrease by 60.1 percent Y-o-Y (up 15.5 percent Q-o-Q) to Rs. 114.1 crore, according to Kotak.
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Net Sales are expected to increase by 10.5 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 1523.6 crore, according to Kotak.
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Net Sales are expected to increase by 25.6 percent Y-o-Y (down 23.1 percent Q-o-Q) to Rs. 556.1 crore, according to Kotak.
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Net Sales are expected to increase by 32.5 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 2892.5 crore, according to Kotak.
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Net Sales are expected to decrease by 6.9 percent Y-o-Y (down 33.9 percent Q-o-Q) to Rs. 1201.8 crore, according to Kotak.
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Moneycontrol met up with Uppal in his office where the man, known for turning around low-performing units, talked on what India's priorities should be, the success of Modi government, debt reduction at JSPL, public private participation and asset sales.
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Speaking to CNBC-TV18, DK Vyas, CEO of SREI Infra, said the acquisition would be part of efforts to recover its loan from Sterlite Port, which is promoted by Sandesara Group, and developing the greenfield port.
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Funds amounting to Rs 400 billion will be raised by the infrastructure sector through mergers and acquisitions as well as InvITs, this year, contributing to about 12 percent of the total equity requirement in this industry, says a report.
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The agency has revised the outlook for airports to positive for FY18 from stable in FY17, based on the solid fundamentals of air passenger volumes, underpinned by moderate fuel prices (although higher than 2016 levels) and favourable policy actions.
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Steel Authority of India Ltd (SAIL) Chairman P K Singh said that in the upcoming budget the clean energy cess on coking coal should be withdrawn and the import duty on metallurgical coal should also become nil.
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The optimism around US economy's growth and a strengthening dollar are signs that IT companies are going to give out a stellar performance in the long-term, says Mahesh Nandurkar, India Strategist at CLSA.
