SITI Networks, previously known as SITI Cable Network, is a part of the Essel Group. "...the company is in discussions with its bankers for restructuring of its debt obligations," SITI Network said.
ONGC | GAIL | Oil India | Vedanta | Cairn India | Jindal Poly | Indian Hotels | Voltamp Transformers | Yes Bank | Engineers India | NBCC | Aegis Logistics | Syngene International | IL&FS Engineering | GMR Infra | Bharat Forge and Repco Home are stocks, which are in the news today.
The Essel Group firm had posted a net loss of Rs 36.68 crore in April-June quarter a year-ago, Siti Network said in a BSE filing.
Aurobindo Pharma | Jai Corp | Engineers India | Gammon Infra | eClerx Services | Siti Networks | Reliance Power | Piramal Enterprises | Punj Lloyd | Welspun India | Majesco and Aditya Birla Nuvo are stocks, which are in the news today.
Siti Cable's debt is on a downward trend after promoters put in additional funds says Chief Executive Officer VD Wadhwa. Currently, debt stands at around Rs 1100 crore.
Tata Motors | ICICI Bank | Wipro | Nestle | Nila Infra | Tata Power | Minda Corporation | UFO Moviez | Tree House and Zee Learn are stocks, which are in the news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Mro-Tek, Hindalc and Siti Cable Network.
Some of the stocks that should be on your radar are: Jet Airways, SpiceJet, Interglobe Aviation, Tata Communications, Dish TV India, Den Networks, Hathway Cable and Datacom, Siti Cable Network, Yes Bank, Voltas, Mahindra & Mahindra Financial Services.
On June 13, 2016 Essel Media Ventures Limited sold 1,64,31,000 shares of Siti Cable at Rs 37.45.
On June 2, 2016 Essel International Limited sold 57,50,000 shares of Siti Cable Network at Rs 37.55.
According to AK Prabhakar of IDBI Capital, one may hold Siti Cable Network as it may test Rs 48.
The company had posted net loss of Rs 34.12 crore in the corresponding quarter of the previous fiscal, 2014-15.
Stocks likely to be in the news are: JSW Energy,Jindal Steel & Power,Indian Overseas Bank,TVS Motor Company,Adani Ports and Special Economic Zone,Tata Motors,Dr Reddys Laboratories,Alstom T&D India,Adani Power,IFCI,Siti Cable Network,Den Networks, L&T Finance Holdings,Berger Paints India.
JSW Energy | JSPL NTPC | MEP Infra | Insecticides India | Siti Cable Network | Den Network | Arvind Infra | Adani Power | Nila Infrastructures | IFCI | Cera Sanitaryware and Speciality Restaurants are stocks, which are in news today.
Ambani controls Reliance Industries , an oil and gas behemoth that is India's most profitable conglomerate. He is also now targeting consumers, taking steps most recently into telecoms, where he has spent at least USD18 billion on 4G telecoms brand RJio, due to launch this year.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have – Strides Shasun, Divis Laboratories, ITC, ITDC, Bosch India, Siti Cable, Rashtriya Chemicals & Fertilizers (RCF), Rushil Decor, Reliance Communications, Sun Pharmaceutical & Lupin.
The board of the company, in a meeting held, approved issue and allotment of warrants worth Rs 349.99 crore.
"Focusing on our guiding principle of creating value for all stakeholders, the company has achieved the financial turnaround for the first time in its history and reported profit before tax (PBT) of Rs 56 crore in the third quarter of 2015-16 and Rs 5.1 crore for the nine months of 2015-16," said Siti Cable Executive Director and CEO V D Wadhwa.
VD Wadhwa, CEO and Executive Director, Siti Cable says: "As and when the business becomes fully digitized, the company‘s average revenue per user ( ARPU) will grow at least 5 times".
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Idea Cellular, Indigo, Siti Cable, Zee Media and Jindal Drilling.
Siti Cable Network in its meeting held on January 21, 2016, has approved the formation of a new company in joint venture with Dish TV India.
Siti Cable said its board has approved acquisition of 100 percent stake in Variety Entertainment Pvt Ltd, 76 percent stake in SCOD 18 Networking Pvt Ltd and 51 percent stake each in Sai Star Digital Media Pvt Ltd, Bargachh Digital Communication Network Pvt Ltd and Krishna Teja Digital Entertainment Pvt Ltd.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Educomp Solutions, Atlas Cycles, SREI Infrastructure Finance, Jaiprakash Power Ventures, Lux industries, Texmaco Rail, Siti Cable, Mangalore Chemicals & Fertilizers.
Rajat Bose of rajatkbose.com recommends buying Eicher Motors and Reliance Infra.
The Reserve Bank of India on Monday notified that foreign institutional investors/registered foreign portfolios investors (RFPIs) can now invest up to 49 percent of the paid up capital of SITI Cable under the portfolio investment scheme.