Companies and Markets

Companies & Markets

IOC braces for a green future

Wary of being left behind in the emerging energy market, which will rely on renewable sources of energy that are cleaner, safer and inexhaustible, Indian Oil Corporation has drawn up big plans for manufacturing and retailing lithium-ion batteries for use in future electric vehicles and power generating stations.

Amber Enterprises: expensive valuation

Amber Enterprises India Ltd (AEIL) is a leading solution provider in the Indian room air conditioner (RAC), original equipment/design manufacturing (OEM/ODM) industry. The company has a diversified product portfolio that includes RAC, RAC components and Non AC components. AEIL caters to eight of the top 10 RAC brands (like Daikin, LG, Hitachi and Godrej). As per industry reports, AEIL’s overall volume share in the Indian RAC market stood at 19 per cent in FY17. Over the last few years, AEIL has been investing it in capacities and R&D capabilities.

Bull run to continue into 2019, says BoAML survey

Despite the global equity markets trading at all time high levels, the risk appetite of investors has not come down, according to a survey of global fund managers. Investors have raised their stock allocations to two-year highs and cut cash positions to five-year lows, with a majority expecting the equity bull run to continue into 2019.

EIH share on winning-spree after restart of Delhi property

EIH share is on an upward trend. After muted trading in the stock for the whole of December, it has suddenly attracted investor attention in the New Year. EIH has moved up steeply since January 1, from Rs 146.93 apiece to Rs 217.60/share.

Sebi set to issue final order against 5 brokerages involved in NSEL scam

Market regulator Sebi is in the process of issuing the final order against five brokerages involved in the Rs 5,500 crore NSEL scam. According to sources, the regulator will soon issue the final order against Philip Commodities, Anand Rathi, India Infoline Commodities, Motilal Oswal and Geofin Commodities.

The regulator had earlier issued show-cause notices to these entities and had given them an opportunity for personal hearings. The five brokers are charged with mis-selling of National Spot Exchange (NSEL) products, which collapsed after the Rs 5,500 crore scam was unearthed.

MF money brings down volatility in stocks

The risk appetite of the Indian market seems to be growing. The India VIX index, the so-called fear index, has hovered at lower range during most part of this fiscal.

Volatility in the Indian market has fallen sharply as stocks were on a steady rise for most part of the current financial. So far in FY18, there are far more days of less than 1 per cent intra-day volatility and fewer days of more than 2 per cent intra-day volatility, which is the lowest in more than a decade, indicating investor complacency.

Federal Bank net jumps 26% on better core income, asset quality

Kerala-based private lender Federal Bank on Monday reported a 26 per cent rise in its October-December net profit at Rs 260 crore, buoyed by a healthy rise in core income and a drop in dud assets.

The Aluva-headquartered bank’s its net interest income rose 20 per cent to Rs 950 crore on a 22 per cent surge in advances and stability in net interest margin, which is maintained at 3.33 per cent.

Reverses on account of a surge in yields impacted the non-interest income, which declined to Rs 230 crore against Rs 275 crore in the year-ago period.

Capital First deal brings strategic positives for IDFC Bank

The proposed merger of IDFC Bank and Capital First is synergistic given the complementarity of product suites. While the share swap ratio (139 shares of IDFC Bank for every 10 shares of Capital First based on valuations as on January 12), implies a 12 per cent premium in favour of Capital First over its current valuation, the deal brings in more strategic positives for IDFC Bank.

Capital First deal brings strategic positives for IDFC Bank

The proposed merger of IDFC Bank and Capital First is synergistic given the complementarity of product suites. While the share swap ratio (139 shares of IDFC Bank for every 10 shares of Capital First based on valuations as on January 12), implies a 12 per cent premium in favour of Capital First over its current valuation, the deal brings in more strategic positives for IDFC Bank.

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