Tag Archives: icici securities

Mines and Minerals Bill clears Rajya Sabha test, but industry anxious about implications

NEW DELHI | MUMBAI | KOLKATA: The government managed to get amendments to the Mines and Minerals Development and Regulation (MMDR) Act cleared but added a rider, making the industry anxious about the implications of the fine print. The Rajya … Continue reading

Posted in Stocks News | Tagged , , , , , , , , , | Leave a comment

Cement prices to remain under pressure in FY’11: ICICI Securities

NEW DELHI: Cement prices will remain under pressure in the remaining period of the current fiscal due to subdued demand on the back of 54 million tonne capacity surplus, brokerage firm ICICI Securities said. “We believe cement prices will remain … Continue reading

Posted in Market | Tagged , | Leave a comment

Engineering and construction company L&T confident of meeting target; Q3 net rises 13%

MUMBAI: Engineering and construction company Larsen & Toubro is confident of meeting its target of new orders worth 80,000-85,000 crore in the current fiscal, its chief financial officer has said. “Notwithstanding the skepticism on our guidance that has existed through … Continue reading

Posted in PRO | Tagged , , , , , , , , , | Leave a comment

COVID-19 restrictions to shave off 18 per cent of ONGC capex: Executive

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) may see capital spending this fiscal reduce by close to one-fifth after COVID-19 related restrictions delayed projects, its director-finance Subhash Kumar said on Wednesday. ONGC, India’s top oil and gas producer, … Continue reading

Posted in Investing | Tagged , , , , , , , , , | Leave a comment

FMCG revenue seen rising 14.8% in Q3 on better rural demand

MUMBAI: Fast moving consumer goods (FMCG) players, who have been benched for the past two years, are expected to see a revenue growth of 14.8 per cent in the December quarter despite flat margins, says a report. The optimism comes … Continue reading

Posted in PRO | Tagged , , , , | Leave a comment

Rakesh Jhunjhunwala-backed Metro Brands files IPO papers with Sebi

NEW DELHI: Footwear retailer Metro Brands Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 250 crore and an … Continue reading

Posted in PRO | Tagged , , , , , , | Leave a comment

Health, fire hazard lead growth for insurance companies in August

MUMBAI: If Covid-19 has driven demand in one industry, it must be health insurance, until now a distant priority for most citizens. Covers for health and fire hazards continued to lead the growth for general insurance companies in August even … Continue reading

Posted in Stocks News | Tagged , , , , | Leave a comment

Ashish Kehair promoted to MD & CEO of Edelweiss Wealth Management in place of Nitin Jain

Ashish Kehair will replace Nitin Jain as managing director and chief executive officer of Edelweiss Wealth Management (EWM). In the new role, Ashish will lead the strategic initiatives and business operations for EWM, reporting to the Board of Directors, the … Continue reading

Posted in Forex | Tagged , , , , | Leave a comment

Bankers hopeful of a revival in corporate loan growth as economy opens up

Bank credit to industry remains muted, falling 1.7% in the year to date, with companies slashing debt and harnessing existing capacities in a demand environment made uncertain by the pandemic. But bankers expect a revival in corporate loan growth as … Continue reading

Posted in Stock price | Tagged , , , , , | Leave a comment

policy | Coronavirus: Construction, transport, chemical manufacturing likely to be worst-affected, says report

NEW DELHI: Construction, transport and chemical manufacturing sectors are likely to be the worst-affected by the coronavirus pandemic in China, says a report. However, India’s top imports — crude oil and gems and jewellery — which collectively account for 46 … Continue reading

Posted in Market | Tagged , , , , , , , , , | Leave a comment