Three other Indian banks also put money on the table for the acquisition of the Griffin Coal mine by Lanco, which went bankrupt. The loans turned bad in 2017 and ICICI Bank is learned to have fully provided for the losses in FY18.
Sobha, Mphasis, Sun TV, IFCI, Ashok Leyland, Tata Power, Brila Corp, Reliance Infra, Bharat Forge, Ansal Properties, Spice Mobility, JHS Svengaard Labs, Swaraj Automotives, MTNL, Patel Integrated Logistics, Vakrangee, Gujarat NRE Coke, Time Technoplast, Sumeet Ind, Lanco Infra, Sterlite Tech, Borosil, Sintex,
Coming down heavily on companies where auditors have flagged serious lapses, regulator Sebi and stock exchanges have asked at least 75 listed firms, including Kingfisher Airlines and its parent UB Holdings, to restate their financial accounts after addressing these issues.
Cash flows are under a lot of pressure which has resulted in a slight increase in gross NPA and net NPA, says OBC CMD SL Bansal. Meanwhile, the bank aims to maintain net interest margin in the range of 2.85-2.87 percent ahead.
One may look to exit IVRCL, Lanco infrastructure and GMR as they want to de-leverage their balance sheets, says SP Tulsian of sptulsian.com.
Idea Cellular | Ranbaxy Labs | Aban Offshore | Educomp Solutions | Wipro | TTML | Lanco Infratech and Kingfisher Airlines are stocks, which are in the news today.
Here's the key developments that made news today. Key equity benchmarks closed in green after consolidating for most part of the day. The action was by and large limited around the stocks that had declared their results. Positive regional shares helped the Nifty to close above 5900 mark once again.
Chettinad Cements | JBF Industries | Provogue | Chennai Petroleum | Orbit Corporation | Prestige Estates | Simbhaoli Sugars | SBBJ | HPCL | Lanco Infratech | Fortis Healthcare | Bharat Forge and Motherson Sumi are stocks, which are in the news today.
Technical analyst, Sudarshan Sukhani, s2analytics.com says Bank Nifty is showing signs of pressure since both its components, the PSUs and the large private banks are showing weakness.
Sudarshan Sukhani, s2analytics.com is of the view that short term trader can buy Lanco Infra.
In an interview to CNBC-TV18 SP Tulsian,sptulsian.com says he is positive on infrastructure, media and cement and they are the sectors on his radar.
Aashish Tater, head of research, Fortunewizard.com has picked up Omkar Speciality Chemicals and Lanco Infra as his multibaggers for the day.
CESC | NHC Foods | Aban Offshore | Lanco Infratech | Pipavav Defence | L&T | West Coast Paper | Jet Airways | ONGC and Jaiprakash Associates are stocks, which are in the news today.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, FortuneWizard.com shares trading strategy of the day.
PVR | Cinemax | REC | Ranbaxy | Tata Steel | Lanco Infra and Rohit Ferro Tech are stocks, which are in news today.
Lanco Infra has announced its second quarter results. The company's Q2 consolidated net loss was at Rs 135.93 crore versus Rs 259.5 crore, year-on-year, YoY.
In this week's Know Your Investment, Aditya Damani, CFA, Director at KM Global Financial Services teams up with moneycontrol.com to help investors make the right investment decisions in the current uncertain times.
Aditya Agarwal, Way2Wealth is of the view that infrastructure stocks may see 5-10% rally.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
Manoj Sachdeva, Research Head of Hem Securities teams up with Moneycontrol.com to answer investor queries.
Rajesh Agarwal, Eastern Financiers is of the view that one can continue to hold Lanco Infra with a target of Rs 15.
Lanco Infra is in talks with a private equity firms to raise upto USD 750, reports CNBC-TV18's Kritika Saxena quoting sources.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Reliance Industries | Maruti Suzuki | SAIL | Lanco Infra | Gayatri Projects | IOB | Cadila Healthcare | Shanthi Gears | Welspun Global and Lloyds Steel are stocks | which are in news today.
Buying opportunity is seen in GVK Power and Lanco Infra, says Sudarshan Sukhani of s2analytics.com.