Union Budget 2015: BEL, Bharat Forge react on allocation for defence space

Bharat Electronics and Bharat Forge have reacted positively on the back of government allocation of Rs 2.47 lakh crore for defense equipment in FY16.

Bharat Electronics  and  Bharat Forge have reacted positively on the back of government allocation of Rs 2.47 lakh crore for defense equipment in FY16.

The sector has only recently seen a spurt of activity after the Prime Minister Narendra Modi announced his Make in India policy with the sole intention of transforming India into a global manufacturing hub in September 2014.

The local manufacture of defence equipment is the focal area of Modi's Make in India programme given that India imports nearly 60 percent of its defence equipment.

14.02 | 0 komentar | Read More

Budget 2015: FM allocates Rs 33,150 cr towards healthcare care sector

Finance Minister Arun Jaitley allocated Rs 33,150 crore for the healthcare sector today. However, once again he disappointed the pharmaceutical industry with no major announcements.

Anjali Agarwal
moneycontrol.comFinance Minister Arun Jaitley allocated Rs 33,150 crore for the healthcare sector today. However, once again he disappointed the pharmaceutical industry with no major announcements. The only key announcement made by the FM in his first full year Budget speech today was the proposal of a special pharmaceutical institution in states like Maharashatra, Rajasthan and Chattisgarh.

The Indian pharmaceutical market is expected to grow to USD 55 billion by 2020. According to a report by McKinsey, the industry has the potential to grow more than twice in the next six years, from a projected market growth of USD 24 billion by 2015 to USD 55 billion by 2020.

Expectations

* The pharmaceutical industry was expecting enhanced tax incentives for research and development (R&D) activities from the FM this Budget.

* The Commerce Ministry, in its Budget proposal sought weighted average tax benefit of 400 percent for R&D activities for the sector.

* The bigwigs of the industry were hoping that Budget would provide them space to manufacture generic drugs and also some change in patent laws for their companies.

* The industry was also expecting initiatives to boost bulk drug manufacture. The current rate is 5 percent but the industry is expecting an increase in import duty on Chinese imports to 7.5 percent in order to boost domestic exports.

* The sector was keenly looking to incentivise medical/pharma research. Budget was expected to increase weighted deduction under section 35 (2AB) to 250 percent from 200 percent currently.

Meanwhile, the healthcare sector was hoping FM Jaitley will make some key changes that will boost growth. A CARE report outlined that the sector seeks incentives to boost domestic innovation in medical equipments which could be in the form of income-tax write-off of 250 percent of research and development expenses as well as in the form of creation of medical technology parks. The sector was also looking forward to incentives to boost health insurance.

There were no major announcements on pharmaceutical/healthcare industry in Budget 2014.

Stocks likely to get impacted: Sun Pharma , Lupin , Biocon .

14.02 | 0 komentar | Read More

Union Budget 2015: FM says to introduce India-made gold coins, gold bonds

In a bid to further cut down on imported gold, Finance Minister Arun Jaitley said the government will introduce India-made gold coins. These will be branded with Ashok Chakras, Finance Minister Arun Jaitley said today.

Moneycontrol Bureau

In a bid to further cut down on imported gold, Finance Minister Arun Jaitley said the government will introduce India-made gold coins. These will be branded with Ashok Chakras, Finance Minister Arun Jaitley said today.

In a bid to monetize gold through securitization, the FM also said that the government was proposing to develop a gold bond. This would likely be similar to gold funds or e-gold schemes where returns would track the price of the yellow metal.

The FM, however, stayed away from cutting import duties on gold, currently at a high 10 percent. The duty was upped in order to curb imports when the government was going through a current-account crisis a few years ago but of late there were reports the curb may relaxed after gold imports eased in the past few quarters.

The RBI, however, did recently do away with the 80:20 scheme that required gold importers to export 80 percent of raw gold they import as finished products.

14.02 | 0 komentar | Read More

'The Railway Budget is ambitious and promising'

Nalin Jain, President and CEO, South Asia, GE Transportation and Aviation, feels the rail budget is positive and in line with expectations

What is your immediate take on Rail Minister Suresh Prabhu's debut budget?

The Rail Minister presented a very ambitious and promising budget that addresses the issues being faced by both the passenger and the freight segment. The budget has also tried to address the needs of introducing new technology, fund mobilization and better governance.

Are you happy with the infrastructure announcements made? Are they good enough to take us to the next level?

The minister has stressed upon bringing transformational changes in the systems and processes leading to increased operational efficiency of Indian Railways. The use of new technology is clearly at the core the infrastructure upgradation.

Talking about modern infrastructure among his four transformational goals set for the Indian Railways, the minister has presented a robust roadmap to achieve all of them in the short-term and long-term. Implementing creative funding instruments will certainly present a new investment model for the railways. It will be interesting to see how such instruments and ideas would work in a time bound manner to upgrade the existing infrastructure.    

There was lot of expectation that this will be a reformist budget, do you think it is so?

The minister clearly indicated the need for reform aided by innovative solutions that can transform the Indian Railways. Enhancing customer experience was clearly very high on the agenda, while at the same time ensuring safety, building capacity and working on long-term sustainable solutions.

The minister has made a major push for improving speed of both passenger and freight trains, how can the same be achieved?

Deploying new technologies will certainly improve the speed of both the passenger and freight trains. This seems to be a logical step since for freight using rail transport comes out to be 40 percent cheaper than using road transport.

The added emphasis on building Dedicated Freight Corridors (DFC), bringing in advanced technology in locomotives are key steps in achieving the ambitious freight target of 1.5 billion tonnes capacity.

The entire focus is to upgrade the existing infrastructure by increasing the carrying capacity of existing lines through gauge and track changes, increase in lines on key routes, raising the average train speeds and expediting completion of projects.

There has been a boost for manufacturing in India, how crucial is that? Especially considering that GE India has established a multi-modal manufacturing facility, how will the two tie-up?

GE has been partnering with India in its journey to become a global manufacturing destination. GE multi-modal facility near Pune delivers best-in-class, localized products and solutions for Indian customers while it also feeds GE's global supply chain. It sets a new benchmark in global manufacturing competitiveness for India. In the backdrop of the Railway Budget, our focus is on offering new technologies particularly in locomotives. GE is the world's largest manufacturer of freight locomotives, and distributed power systems. We are keen to invest in India if we see the demand from Indian Railways.  

There had been a push for greater freight realisation. What do you think are the challenges, and the opportunities on that front? Are you happy with the progress on DFC?

The government is very serious to increase the carrying capacity of the Indian Railways by investing in feeder lines for the DFCs and augment the overall freight handling capacity by 50 percent to 1.5 billion tonnes. This year's Railway Budget is a part of government's long term plan to reinforce transformational changes in the sector.

For freight customers the promise is speed, better logistics handling capacity, freight rebates for areas of low loading potential and revamped freight terminal policy. We are hopeful that going forward we will be able to see the execution of the policies and ideas in a time bound manner to get desired results.

If you had to pick out 3 highlights of this budget, what would they be?

Among top three highlights of the railway budget, deploying innovative solutions, from both technical and financing aspects to address key challenges takes the top spot. The minister has focused on the core issues plaguing the sector since a long time and has devised an ambitious way forward. Innovation in terms of adopting path-breaking technology to enhance customer experience, safety and security of the passengers and increase the average speed, is expected to yield benefits in the long run. The creative ways to partner with the states in the decision making and running sustainable investment models will bring significant changes in the sector.

Secondly, from services viewpoint – suggesting various mechanisms to improve the overall experience for the passengers is a good step ahead.

Lastly, discussing about good governance and management leading to complete transparency will certainly make the Indian Railways dynamic and robust for years to come.

14.03 | 0 komentar | Read More

Five things you must know about investing in gold

Adhil Shetty
Bigbazaar.com

In a country like India, gold has been one of the most preferred investment options for centuries. India is one of the largest consumers and importers of gold. Investments are primarily in the form of jewellery, while other forms of investment like gold ETFs, gold funds and gold savings schemes are a much more recent phenomenon. Irrespective of the mode of investment, gold as an asset class is unique in different respects. Therefore, you have to keep certain things in mind when you plan in investing in this asset class. Here are the top 5 things you should know about investing in gold.

Gold can be purchased in forms other than jewellery
For centuries, Indians have considered gold and jewellery as synonymous. However, it should be remembered that there are several other forms of investing in gold. Gold jewellery is the most preferred option, especially for marriages and other occasions. For investment purposes, you can consider purchasing gold bars or coins. But on resale, the price offered for gold coins and bars is generally at a discount.

Gold ETFs are another way of purchasing gold where the yellow metal will be held in demat form. Aspects such as purity and safety of the investment are taken care of in this option. However, you need to have a demat account for this. Investment in gold funds is yet another way of investing in gold. Gold funds invest in gold ETFs and there is no need for a demat account for this. Gold funds are suitable if you wish to invest for a longer timeframe.
Jewellers across the country offer gold savings schemes, wherein you can pay regular instalments for a certain period, at the end of which the accumulated amount can be used to purchase jewellery from that jeweller. This enables regular savings in gold; but the disadvantage is that you will be forced to purchase jewellery at the prevailing market price at the end of the period of investment.

Purchasing gold entails additional expenses
If you thought purchasing gold does not entail any additional charges, think again! Gold jewellery purchase requires you to pay making charges and wastage charges to the jeweller. You also need to incur storage costs for physical gold which is in the form of jewellery, coins and bars. As Gold ETFs require a demat account, you will need to spend on opening a demat account and also pay brokerage in some cases. When you exit gold funds and gold ETFs, you may be subject to an exit load if you sell the investment within a stipulated timeframe. These charges need to be kept in mind while choosing your investment option.

Gold is one of the most liquid forms of investment:
Irrespective of how you invest in gold, this is one of the most liquid forms of investments. Most Gold Funds and Gold SIPs are open-ended with no lock-in period and can be sold easily. Jewellery, coins and bars can be liquidated at your local jeweller. Banks offer gold loans against the gold you pledge with them. In this option, you don't have to sell your gold, and short-term requirements of money can be met by taking a loan against your jewellery. Money lenders also offer this; however, keep in mind the exorbitant interest rates charged.

Gold cannot yield you regular income:
Despite being a liquid investment, investments in gold cannot give you a regular income, unlike many other investments. It is a useful option for hedging against inflation and can be held for capital appreciation. But there is no way of getting a regular interest income or dividend income from gold investments. The only exception can be gold funds with a dividend option, but these are too few and far between to present any real investing option.

Gold is also subject to tax
It is usually seen that the taxability aspect is not considered while investing in gold. This could be because tax rules for other investment options like mutual funds and fixed deposits are more popular. However, investing in gold also involves tax payments. Tax of 1% needs to be paid on cash purchases of jewellery above Rs. 5 lakhs. Bullion purchases above 10 grams weight will attract VAT of 1% when the purchase value is more than Rs. 2 lakhs. Investing in gold savings schemes per se does not attract tax. But, when you purchase jewellery at the expiry of the investment period, the taxability is similar to that of physical jewellery purchase.

Sale of gold ETFs within 3 years of purchase will require you to pay Short Term Capital Gains tax as per your tax bracket. Similarly, if you are selling after 3 years, you will be required to pay Long Term Capital Gains tax at 20% with indexation. Similarly, sale of gold fund units will also attract short term capital gains tax or long term capital gains tax, depending on the period of holding the investment.

14.03 | 0 komentar | Read More

Mere mgmt head selection won't impact earnings: IDBI Cap

In an interview to CNBC-TV18, Jignesh Shial, Banking Analyst at IDBI Capital shares his views on the government's announcement of the change in PSU banks' chiefs selection process.

In an interview to CNBC-TV18, Jignesh Shial, Banking Analyst at IDBI Capital shares his views on the government's announcement of the change in PSU banks' chiefs selection process.

Below is the transcript of Jignesh Shial's interview with Anuj Singhal and Ekta Batra on CNBC-TV18.

Ekta: First wanted to start by asking you on the PSU banks Chief selection process that was announced by the government last evening, how did you read them from an analyst point of view and would it all change your expectations in terms of key parameters from a couple of stocks say such as likes of Bank of Baroda ( BoB ) as well as Punjab National Bank ( PNB )?

A: It is definitely a positive move that the government has gone forward with. To change our view is something that is a little premature but it is a positive movement and it is a positive move that the government has taken and more professionalism or more transparency is coming into the appointment of the Chief of these banks. In the long-term this would give a fruitful advantage to these banks.

Anuj: Both PNB and BoB have been de-rated after the numbers last quarter, do you think time has come to take a look at some of these stocks again?

A: As I said this move is positive but it won't affect the earnings for at least next couple of quarters or even a year. The reason for this de-rating or the way stock has been actually pushed down or punished is the reason of uncertainty which is still prevailing in the market about asset quality trends of this bank. All these banks Executive Directors have guided for at least one or two quarters of stress coming in. The second issue is growth, there is no credit growth coming into the system. So till that is there I don't think so the stock should start moving up again unless there is something very positive coming in.

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Sell Punj Lloyd, says Sudarshan Sukhani

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Bharat Electronics, BEML safe bets: Harendra Kumar

According to Harendra Kumar of Elara Capital, Bharat Electronics and BEML are the safer bets.

Harendra Kumar of Elara Capital told CNBC-TV18, "The safer bets are  Bharat Electronics and to a certain extent BEML . However, this is an opportunity which is wide open, the government focus is available and we can see from the interest of Pipavav Defence , the way they are going in terms of the opportunity. So, you have to look at it but there not too many stocks to play and some of them have run up without the numbers percolating to the P&L. So, the risk currently of a time correction is far higher and that is what investors have to watch out for."

At 11:57 hrs Bharat Electronics was quoting at Rs 3,751.15, up Rs 44.75, or 1.21 percent.

14.02 | 0 komentar | Read More

Three large PSU banks are currently without heads:SS Mundra

In an interview to CNBC-TV18, Deputy Governor of RBI, SS Mundra said that the overdraft as it is envisaged in Jan Dhan has a upper limit up to Rs 5000 depending on the credit history etc.

In an interview to CNBC-TV18, Deputy Governor of Reserve Bank of India SS Mundra said that the overdraft as it is envisaged in Jan Dhan has a upper limit up to Rs 5,000 depending on the credit history etc, within the existing category of RBI these kind of overdrafts are already eligible to be classified as priority sector which has a linkage to the annual income of the particular household which is availing this overdraft.

Below is the transcript of SS Mundra's interview with Anuj Singhal, Latha Venkatesh and Ekta Batra on CNBC-TV18.

Latha: The big news that has come from the Reserve Bank of India (RBI) is that loans or overdrafts given to Jan Dhan accounts will now count as priority sector. Are there any other changes to the priority sector category that we should expect?

A: There are two things to it, let me clarify. As far as the overdraft as it is envisaged in Jan Dhan which has a upper limit up to Rs 5,000 depending on the credit history and all that, within the existing category of RBI these kind of overdrafts are already eligible to be classified as priority sector which has a linkage to the annual income of the particular household which is availing this overdraft. So, this is a continuity of existing guideline. This is what we have clarified and it has been further reinforced. So, that is the Jan Dhan overdraft.

As far as the overall priority sector classification and guidelines are concerned, as you are aware that RBI had formed a working group, this working group has finalised this report. It was put for a consultation as well and presently it is under discussion with the Government of India.

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Will award 95% of contracts by FY16-end: DFCC

Adesh Sharma, MD Of Dedicated Freight Corridor Corporation (DFCC) gives a ringside view of the quantum of contracts that will be awarded by DFCC in FY15 and FY16.

Adesh Sharma, MD Of Dedicated Freight Corridor Corporation (DFCC) gives a ringside view of the quantum of contracts that will be awarded by DFCC in FY15 and FY16.

Below is the transcript of Adesh Sharma's interview with CNBC-TV18's Sonia Shenoy

Q: Can you start off by telling us what is the quantum of contracts that will be awarded by the DFCC by the end of FY15 and in FY16?

A: Dedicated Freight Corridor project is one of the ambitious project of Indian Railways. This was started in 2006 onwards and has picked up momentum. We have acquired more than 80 percent of the land and awarded contracts in some of the sections of the eastern i.e. from Khurja to Kanpur. Similarly work is progressing on the western corridor between Rewari to Palanpur area. So, this year 2015-16 our efforts will be to award 95 percent of the contracts for the entire length of both the corridors. So we will be finalising all the contracts during the financial year 2015-16.

14.03 | 0 komentar | Read More

Kiri Industries' EGM on March 21, 2015

Kiri Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on March 21, 2015.

To read the full report click here

14.03 | 0 komentar | Read More

Expect Crude oil prices to trade lower: Angel

According to Angel Commodities, Crude oil prices are expected to trade lower in tandem with trend in international markets.

Angel Commodities' energy report

Energy

Crude Oil

WTI oil prices jumped by 2 percent while Nymex declined marginally as prices drew support from Federal Reserve Chair Janet Yellen's suggestion that the U.S. central bank was preparing to consider raising interest rates "on a meeting-by-meeting basis". Further, Greece's fourmonth extension of its financial rescue on Tuesday also helped lift prices, as euro zone partners approved its reform plan, easing worries the country might leave the euro zone.

However, expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut. The Sarir and the nearby Messla oilfields in Libya were shut because of a power cut, dealing another blow to exports from the embattled OPEC member nation.

Further, a report in the Financial Times on Monday quoted Nigeria's oil minister as saying the country would call an OPEC extraordinary meeting if prices dropped further, offering some support to oil prices. But a delegate to the Organization of the Petroleum Exporting Countries told Reuters on Tuesday that the producer group had no plans to meet before June.

Globally, crude supplies are also being boosted after oil fields in eastern Libya resumed pumping to the Hariga port after a pipeline was repaired, and oil producer Oman plans to ramp up output to 980,000 barrels a day this year. WTI oil prices in the international markets declined by 1.8 percent and closed at $49.5/bbl on Monday.

On the MCX, crude prices jumped by 0.9 percent and closed at Rs.3237/bbl.

Outlook

On an intraday basis, we expect oil prices to trade lower owing to expectations that the Crude stockpiles probably increased by 4 million barrels last week after supplies increased in the past six weeks to 425.6 million, the highest in weekly records dating back to August 1982.

On the MCX, oil prices are expected to trade lower in tandem with trend in international markets.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

14.03 | 0 komentar | Read More

Govt playing down expectations, but outlook positive: Mint

It is almost impossible to please everyone, says Anil Padmanabhan since the aspiration of India's 1.2 billion populace is staggering.

Anil Padmanabhan, deputy managing editor, Mint says the government has to work 364 days in a year but Budget remains the centrepiece of economic policy. Although the government has been playing down expectation from Budget since policies can be tweaked anytime of the year, Budget is the occasion that a government showcases its  vision for the conomy, he said.

Speaking about the expectation of a blockbuster Budget on February 28, he said the government should stop over-promising and concentrate on delivering.

It is almost impossible to please everyone, he observed since the aspiration of India's 1.2 billion populace is staggering. "Net net, the outlook is positive," he told CNBC-in an interview to CNBC-TV18.

14.02 | 0 komentar | Read More

Apollo Hospitals up 3.5%, signs MoU with European country

Apollo Hospitals Enterprises signed an agreement with the Republic of Macedonia to develop healthcare services in the Southeastern European nation.

Moneycontrol Bureau

Investors bought more shares of  Apollo Hospitals Enterprises on Monday. The Chennai-based hospital chain signed an agreement with the Republic of Macedonia to develop healthcare services in the Southeastern European nation. The stock gained 3.5 percent intraday.

"The Memorandum of Understanding (MOU) provides for observerships and training courses for medical specialists, nurses, technicians and other health professionals from the Republic of Macedonia at various locations across the Apollo Hospitals network in India," Apollo Hospitals said in a statement.

It also establishes efforts to provide telemedicine, educational opportunities and training over the next five years for Macedonia, it added.

At 11:40 hours IST, the scrip of Apollo Hospitals Enterprises was quoting at Rs 1,374.90, up Rs 40.35, or 3.02 percent on the BSE.

(With inputs from PTI)

14.02 | 0 komentar | Read More

Sensex volatile; JSPL slips, Titagarh Wagons most active

12:25

Moneycontrol Bureau 12:30pm Monnet Ispat shares in demand

Monnet Ispat & Energy bagged one coal block in Chhattisgarh on the last day of the auction, bringing down the curtains on the first phase of coal auctions that will fetch the states over Rs 1 lakh crore.

"Monnet Ispat, highest bidder at Rs 2,619 (per tonne) for Gare Palma IV/7 (coal mine)," Coal Secretary Anil Swarup tweeted. In another tweet, he said, "Coal block auction releases a value of more than Rs 1.5 lakh crore.

Includes the benefit of around Rs 37,000 crore of tariff reduction." And further tweeted that "Rs 1.09 lakh crore of e-auction amount and Rs 12,800 crore to go to states in the next 30 years".

The government was successful in selling all the 19 mines in the first lot of auction which began on February 14. The companies that have bagged 19 blocks include Reliance Cement, GMR Chhattisgarh, Hindalco, Sunflag Iron and Steel, Jaiprakash Associates, Jaiprakash Power Ventures, OCL Iron and Steel, Bharat Aluminium, Essar Power MP, Jindal Power and UltraTech Cement.

The second round of auction in which government has put on sale 21 mines will begin from February 25.

12:00pm Market Check

The market started the Budget week on a flat note as the Nifty traded near the 8,850 mark. The broader markets marginally outperformed benchmarks.

JSPL and DLF fell 1-1.5 percent on account of the Nifty index changes that were announced on Friday. Both stocks will be excluded from the Nifty with effect from March 27 while Idea Cellular and YES Bank will be included.

Titagarh Wagons, UltraTech Cement, MCX India, Tata Elxsi, IIFL Holdings, Lupin, HDFC, L&T and Wockhardt were the most active shares on exchanges.

The Budget session of the parliament kicked off today. President Pranab Mukherjee addressed a joint session of both the houses. PM Modi says the government will try to discuss all the important bills and he expects the opposition to allow a constructive debate on all issues.

In the oil ministry espionage case, the custody of the first set of 5 accused ends today. Their custody was extended on Saturday to question and probe involvement and complicity of other senior executives. The accused will be produced in the court tomorrow.

Global cues were firm with the Nikkei trading at fresh 15-year high as Greece got an extension of its bailout program by 4 months.

14.02 | 0 komentar | Read More

Overdrive: Facelifts upgrades of Verna, Jetta Amaze

Every product has a calculated lifecycle and even the most successful ones need to go under the knife once in a while to stay fresh and relevant in their categories. Overdrive puts the spotlight on three such cars, the Amaze, the Jetta and the Verna. Rohit Paradkar of Overdrive gives you details.

Every product has a calculated lifecycle and even the most successful ones need to go under the knife once in a while to stay fresh and relevant in their categories. Overdrive puts the spotlight on three such cars, the Amaze, the Jetta and the Verna. Rohit Paradkar of Overdrive gives you details.

Watch video for more...

14.03 | 0 komentar | Read More

PSU bank unions threaten 4-day strike from Feb 25

Public sector bank employee unions today threatened go on a four-day nation-wide strike beginning February 25 to press for their wage-related demands.

Banks have been providing for a 15 percent wage hike since November 2012. Thus, banks already have incorporated wage increase of 15 percent into their accounting but their offering is 13 percent only.

"This is not acceptable to employees who have been fulfilling all obligations including making Pradhan Mantri Jan Dhan Yojana a runaway success. This was accepted by the Prime Minister.

Therefore, we have decided to stick to our strike call till our demands are met," United Forum of Bank Unions (UFBU) Convener M V Murali told Media.

Ashwini Rana, General Secretary of National Organisation of Bank Workers, said bank employee unions have unanimously decided to go on a four-day strike from February 25-28.

Many banks including Bank of Baroda  and Corporation Bank  have already informed about the likely inconvenience to customers if strike materialises. In a filing to the BSE, Corporation Bank said it has received a notice from the convener of UFBU consisting of nine National level unions - AIBEA, NCBE, BEFI, INBEF, NOBW, AIBOC, AIBOA, INBOC and NOBO - informing the decision to go on for a four days nation-wide strike from February 25-28 in support of their demands.

"A major section of the Bank's employees/officers belonging to the workmen unions/officers' association having allegiance to the above national level unions/organisations, may take part in the proposed 4 days strike from February 25, 2015 to February 28, 2015 and indefinite strike from March 16, 2015, if the strike materialises.

"In view of the above, it is likely that the normal functioning of our Branches and offices may get affected during the days the union has given the strike call," it said.

Earlier this month, Indian Banks' Association (IBA) had bettered its offer from 12.5 percent to 13 per cent against unions demand of 19 per cent hike in wages.

"On suggestion of Chief Labour Commissioner, IBA agreed to hold negotiations with UFBU on February 23. In the meantime strike stands," All India Bank Employees Association General Secretary C H Venkatachalam said. 

14.03 | 0 komentar | Read More

Centre to introduce draft bill on small factories in Budget

The NDA government is all set to move amendment proposals to Child Labour (Prohibition and Regulation) Bill and Factories Act, 1948 and introduce Draft Bill on Small Factories (Regulation of Employment and Condition of Service) in the upcoming budget session, Union Labour Minister B Dattatreya said today.

The NDA government is all set to move amendment proposals to Child Labour (Prohibition and Regulation) Bill and Factories Act, 1948 and introduce Draft Bill on Small Factories (Regulation of Employment and Condition of Service) in the upcoming budget session, Union Labour Minister B Dattatreya said on Saturday.

The Minister said once the Bill is passed with amendments, the Child Labour Bill would have more tooth to deal with serious issues related to child labour. "Employing children below 14 years is totally banned.

Children between 14 and 18 years should not be assigned works of hazardous and critical nature. Anybody violating the provisions of the law would be imprisoned besides being fined penalties," Dattatreya told reporters at a press conference here. The Parliamentary Standing Committee on Labour examined the Bill and submitted its report in December 2013.

The report was considered through an inter-ministerial consultation, he said. Dattatreya said the new Small Factories (Regulation of Employment and Condition of Service) Bill is aimed at regulating factories with workforce less than 40. After obtaining comments and views of all stakeholders including general public, the Bill will be placed before the Cabinet for approval and subsequently in Parliament during the budget session, he added.

The Amendments to the Factories Act 1948 would give flexibility to states on industries, besides enhancement of penalties for violation of provisions, he added.

On migrant labour issues, the Minister said he would hold discussions with Ministry of External Affairs for better security and health aspects of workers abroad. He also said he would hold talks with labour ministers of Telangana, Karnataka, Orissa and Chhattisgarh on child labour issues.

Dattatreya also said he would ask the Telangana Chief Minister K Chandrashekhar Rao to issue a white paper on the progress of Dilsukhnagar bomb case.

14.03 | 0 komentar | Read More

Simco Trading standalone Dec '14 sales at Rs 0.16 crore

Dec '14 Jun '14 Sep '13 Net Sales/Income from operations -- -- -- Other Operating Income 0.16 0.10 0.16 Total Income From Operations 0.16 0.10 0.16 EXPENDITURE Consumption of Raw Materials -- -- -- Purchase of Traded Goods -- -- -- Increase/Decrease in Stocks -- -- -- Power & Fuel -- -- -- Employees Cost -- -- -- Depreciation -- -- -- Excise Duty -- -- -- Admin. And Selling Expenses -- -- -- R & D Expenses -- -- -- Provisions And Contingencies -- -- -- Exp. Capitalised -- -- -- Other Expenses 0.00 0.00 0.00 P/L Before Other Inc. , Int., Excpt. Items & Tax 0.16 0.09 0.16 Other Income -- -- -- P/L Before Int., Excpt. Items & Tax 0.16 0.09 0.16 Interest -- -- -- P/L Before Exceptional Items & Tax 0.16 0.09 0.16 Exceptional Items -- -- -- P/L Before Tax 0.16 0.09 0.16 Tax -- -- -- P/L After Tax from Ordinary Activities 0.16 0.09 0.16 Prior Year Adjustments -- -- -- Extra Ordinary Items -- -- -- Net Profit/(Loss) For the Period 0.16 0.09 0.16 Equity Share Capital 0.98 0.98 0.98 Reserves Excluding Revaluation Reserves 3.89 3.90 -- Equity Dividend Rate (%) -- -- -- EPS Before Extra Ordinary Basic EPS 1.64 0.97 -- Diluted EPS 1.64 0.97 -- EPS After Extra Ordinary Basic EPS 1.64 0.97 -- Diluted EPS 1.64 0.97 -- Public Share Holding No Of Shares (Crores) 0.03 0.03 0.03 Share Holding (%) 26.20 26.20 26.20 Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares (Crores) -- -- -- - Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- -- - Per. of shares (as a % of the total Share Cap. of the company) -- -- -- b) Non-encumbered - Number of shares (Crores) 0.07 0.07 0.07 - Per. of shares (as a % of the total sh. of prom. and promoter group) 100.00 100.00 100.00 - Per. of shares (as a % of the total Share Cap. of the company) 73.80 73.80 73.80 Source : Dion Global Solutions Limited

14.03 | 0 komentar | Read More

Veena Textiles standalone Dec '14 sales at Rs 0.04 crore

Dec '14 Sep '14 Dec '13 Net Sales/Income from operations 0.04 0.03 0.03 Other Operating Income -- -- -- Total Income From Operations 0.04 0.03 0.03 EXPENDITURE Consumption of Raw Materials 0.02 0.04 0.02 Purchase of Traded Goods -- -- -- Increase/Decrease in Stocks 0.01 -0.01 0.01 Power & Fuel -- -- -- Employees Cost 0.00 0.00 0.00 Depreciation 0.02 0.02 0.02 Excise Duty -- -- -- Admin. And Selling Expenses -- -- -- R & D Expenses -- -- -- Provisions And Contingencies -- -- -- Exp. Capitalised -- -- -- Other Expenses 0.04 0.04 0.01 P/L Before Other Inc. , Int., Excpt. Items & Tax -0.05 -0.06 -0.03 Other Income -- 0.01 -- P/L Before Int., Excpt. Items & Tax -0.05 -0.05 -0.03 Interest -- -- -- P/L Before Exceptional Items & Tax -0.05 -0.05 -0.03 Exceptional Items -- -- -- P/L Before Tax -0.05 -0.05 -0.03 Tax -- -- -- P/L After Tax from Ordinary Activities -0.05 -0.05 -0.03 Prior Year Adjustments -- -- -- Extra Ordinary Items -- -- -- Net Profit/(Loss) For the Period -0.05 -0.05 -0.03 Equity Share Capital 8.04 8.04 8.04 Reserves Excluding Revaluation Reserves -- -- -- Equity Dividend Rate (%) -- -- -- EPS Before Extra Ordinary Basic EPS -0.06 -0.06 -0.04 Diluted EPS -0.06 -0.06 -0.04 EPS After Extra Ordinary Basic EPS -0.06 -0.06 -0.04 Diluted EPS -0.06 -0.06 -0.04 Public Share Holding No Of Shares (Crores) 0.53 0.53 0.53 Share Holding (%) 66.00 66.00 66.00 Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares (Crores) -- -- -- - Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- -- - Per. of shares (as a % of the total Share Cap. of the company) -- -- -- b) Non-encumbered - Number of shares (Crores) 0.27 0.27 0.27 - Per. of shares (as a % of the total sh. of prom. and promoter group) 100.00 100.00 100.00 - Per. of shares (as a % of the total Share Cap. of the company) 34.00 34.00 34.00 Source : Dion Global Solutions Limited

14.03 | 0 komentar | Read More

Triumph Tiger XCx and XRx unveiled at India Bike Week 2015

The India Bike Week 2015 saw Triumph unveiling the Tiger XCx and the XRx. The motorcycles were unveiled last year and are the latest iterations of the Tiger that we have in India now. The difference between the two models is the presence of alloy wheels in the XRx and spoke wheels in the XCx. The latter has more ground clearance of the... Read More

14.03 | 0 komentar | Read More

Sell US$INR Feb in 62.46-62.56 range: ICICIdirect

ICICIdirect.com expects the US dollar to meet supply pressure on rallies against the rupee. Utilise pullbacks in the US$/INR February contract to sell in the range of 62.46-62.56 and target of 62.31-62.14, says the report.

ICICIdirect.com's report on currency

Forex (US$/INR)

The rupee slumped to a near six-week low vs. the US dollar on Wednesday, as crude oil importers rushed to purchase dollars to make their month-end payments in the holiday-shortened week. Caution ahead of the Federal Reserve's policy meeting minutes also weighed on the Indian currency

The Indian currency ended the day at 62.34, down 0.30% from the previous close of 62.16

The dollar index against six major currencies ended at 94.40, up 0.32% from the previous close of 94.09

US$/INR derivatives strategy: Sell February contract

In the currency futures market, the most traded dollar-rupee February contract on the NSE closed at 62.40. The February contract open interest was down 4.72% from the previous day

March contract open interest was up 2.72% from the previous day

We expect the US dollar to meet supply pressure on rallies against the rupee. Utilise pullbacks in the US$/INR February contract to sell

Intra-day strategy

US$/ INR Feb futures contract (NSE)	View: Bullish on US$
Sell US$INR in the range of 62.46-62.56	Market Lot: US$1000
Target: 62.31-62.14	Stop Loss: 62.66
Support: S1/ S2: 62.15/61.95	Resistance: R1/R2:62.45/62.65

 

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Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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14.02 | 0 komentar | Read More

Crompton up 5%, alters consumer products demerger scheme

Moneycontrol Bureau

Shares of  Crompton Greaves gained 5.5 percent intraday Friday as the Avantha Group company modified the demerger process and decided to implement a 100 percent demerger of its consumer products business soon.

After considering comments received from the SEBI, the Stock Exchanges and investors' feedback, the board of directors of the company (on February 19) evaluated salient aspects of the scheme of arrangement with respect to demerger of the consumer products business of the company.

According to the filing, the board now reconsidered and approved the contours of the proposed demerger and decided to implement a 100 percent demerger of the consumer products business. It meant that the shareholding pattern of the resulting consumer company will mirror the shareholding pattern of Crompton Greaves.

A scheme of arrangement incorporating the above principles will soon be considered by the board of directors, says the company.

The rational behind this demerger decision is to create better growth opportunities for its two large but significantly different businesses – power/industrial systems/automation and consumer products business.

As per the earlier scheme, Crompton would have continued to own a 25 percent stake in the consumer company, while the current shareholders of Crompton would have received three shares of the consumer company for every four held in Crompton.

"Crompton Consumer Products will issue 3 new equity shares to Crompton Greaves shareholders for every four shares they hold in Crompton Greaves. On completion of the demerger, Crompton Greaves' stake will be diluted to 25 percent + 1 share and the remaining stake will be held by Crompton's shareholders," had said the company on October 16, 2014.

Brokerage house Morgan Stanley says this does not alter its stock view and it remains equalweight given limited upside. "While recovery in international margins and a pick up in domestic capex is positive, we see limited risk of EPS revision in the near term," the brokerage adds.

Antique also maintains buy with a target price of Rs 264 on the stock. "Crompton remains one of our top picks among industrials," says the brokerage.

Dhirendra Tiwari, Head of Research, Antique Institutional Equities expects the consumer products business to grow by 20-25 percent over the next two years. Furthermore, he expects the stock to be price at Rs 130 per share post the demerger.

At 11:38 hours IST, the scrip of Crompton Greaves was quoting at Rs 184.95, up Rs 5.80, or 3.24 percent on the Bombay Stock Exchange.

Posted by Sunil Shankar Matkar

14.02 | 0 komentar | Read More

Angel Broking expects Indian Rupee to depreciate today

According to Angel Broking, Indian Rupee is likely to depreciate today owing to strength in the DX following robust jobs data from the US that reiterated hopes of earlier rate hike. Also, uncertainty in Greece will act as a negative factor.

Angel Broking's report on rupee

Dollar/INR

The Indian Rupee appreciated by 0.2 percent on Wednesday on optimism the nation's improving economic outlook after a string of positive data will attract more inflows. Also, exchange data showed global funds, that bought a record $42 billion of local stocks and debt in 2014, have added another $7.1 billion to their holdings this year.

However, strength in the DX coupled with increased demand for the dollar from importers put pressure on the rupee. The currency touched an intra-day high of 61.99 and closed at 62.05 on Wednesday.

For the month of February 2015, FII inflows in equities totaled at Rs.2892 crores as on 18th February 2015. Year to date basis, net capital inflows stood at Rs.15811 crores as on 18th February 2015.

Outlook

From the intra-day perspective, Indian Rupee is likely to depreciate today owing to strength in the DX following robust jobs data from the US that reiterated hopes of earlier rate hike. Also, uncertainty in Greece will act as a negative factor.

However, optimism in Asian equities will restrict sharp fall.

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Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

14.02 | 0 komentar | Read More

See avg gas price at $10-12/mmbtu post pooling: NFL

Neeru Abrol, Chairman & Managing Director, National Fertilizers believes pooling of gas will make business more attractive and the average price could be around USD 10-12 per mmbtu.

The fertiliser space has been buzzing after the oil ministry proposed pooling of gas prices for fertiliser plants to average out the prices of domestic gas as well as imported LNG. It could also make cost of fuel more uniform and affordable.

Neeru Abrol, Chairman & Managing Director,  National Fertilizers believes pooling of gas will make business more attractive and the average price could be around USD 10-12 per mmbtu.

Currently, various urea units are sourcing gas at different prices, she added.

transcript to follow

nationalfert_neeruabrol¬_19feb

NFL stock price

On February 19, 2015, at 12:29 hrs National Fertilizers was quoting at Rs 41.50, up Rs 1.70, or 4.27 percent. The 52-week high of the share was Rs 48.00 and the 52-week low was Rs 22.65.

The company's trailing 12-month (TTM) EPS was at Rs 2.39 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 17.36. The latest book value of the company is Rs 30.45 per share. At current value, the price-to-book value of the company is 1.36.

14.02 | 0 komentar | Read More

PVR-Sathyam Cinemas deal called off

PVR was supposed to buy Sathyam for Rs 1200 crore. According to sources, the deal got called off due to concerns over valuation.

One of the largest M&A deals in the multiplex space has been called off. Sources say PVR 's ambitious plans to buy Chennai-based Sathyam Cinemas has been shelved.

PVR was supposed to buy Sathyam for Rs 1200 crore. According to sources, the deal got called off due to concerns over valuation.

Sources also add that Cinepolis Group is now likely to buyout Sathyam Cinemas. Cinepolis Group recent bought Fun Cinemas.

When contacted, PVR said it cannot comment on market speculation, while Sathyam and Cinepolis were unavailable for comments.

14.02 | 0 komentar | Read More

Hold Tata Motors DVR; sell Petronet LNG: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends holding Tata Motors DVR and advises selling Petronet LNG.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should stay with Tata Motors DVR . It is a long-term investment. So people who invest for long-term will be the biggest beneficiaries."

"One should get out of Petronet LNG . The charts are suggesting a long period of consolidation. So Petronet is an exit and Tata Motors  is a long-term stay," he added.

Disclosure: Analyst does not have positions in the stocks.

14.02 | 0 komentar | Read More

Saw low Q3 realisation due to poor exports: McLeod Russel

In an interview to CNBC-TV18, Kamal Baheti, chief financial officer, McLeod Russel shares his views on the company's Q3 performance.

Below is the verbatim transcript of the interview to CNBC-TV18.

Anuj: Your earnings have been volatile. The last quarter also didn't look too good. Was it seasonally weak and would we expect better numbers in Q4?

A: In this year we had three quarters, which has not gone as per our estimates. In all the three quarters we lost crop in India, in fact out of nine months we lose eight months crop. In a fixed cost industry if one lose crop then there is nothing much one can do. Price increase is the only thing which should compensate.

This is the first time in the last 10-15 years that we as a company lost 7 million kg of our own crop till November-December. The price increase is only Rs 6-7 which is not good enough. So this year had a negative impact from Q1. Quarter four which is non-seasonal quarter for us, will have similar kind of impact but this year has to be considered as an aberration particularly in India because of weather.

Ekta: Why has there only been Rs 6-7 price hike that the company has taken and anything more that you would contemplate?

A: Going into next season, which starts from March-April, the prices will be much higher than what it has been in this year, so we expect higher prices when we open the new season.

If the crop recovers, which it should, by the estimate which has come for the monsoon then we should do far better in next year than this year. It is basically to do with the crop loss and completely to do with weather conditions; the monsoon has been much less for this year and it started with drought in the month of April-May.

However, the prices did not go up because of overall export during the year has been much lower particularly because there has been a price drop which has happened in African market. Therefore, both these factors put together did have an impact; one on the crop and other on prices.

Anuj: In terms of outlook for both domestic operations and international operations, what do you have for us in terms of next financial year? This financial year looks like would be lower than the last one but for the next financial year?

A: We should get back to what we did in 2013-14 into the next financial year. First, into the Indian operations, our prices will be higher next year and the crop recovery will help as far as overall topline and bottomline is concerned.

On the overseas market because there has been geopolitical issues in the consuming countries particularly in the Middle East and Russia, the situation has started stabilising. We had seen a price increase of around 15-20 percent for the African operations and there is also a report of a dry weather condition in Kenya in the last 15-20 days. So, putting these two factors together we will see recovery in prices in international market, good prices, opening prices in Indian markets and recovery of crop.

These three factors would bring us back to what we were there in 2013-14. We continue to believe 2014-15 has been an aberration, demand and supply side as far as fundamentals are concerned, continue to be very strong and so we should be back on track from the next financial year onwards.

14.02 | 0 komentar | Read More

Look at Infinite Computers: Prakash Diwan

Prakash Diwan of Altamount Capital Management is of the view that one may look at Infinite Computers.

Prakash Diwan of Altamount Capital Management told CNBC-TV18, " Infinite Computer Solutions India has not been on the main stay of most analysts. What caught my eye was the numbers that came through, they doubled their profit; 103 percent growth in profit this quarter on a very phenomenal increase in sales and that was primarily because of a lot of incremental licensing revenue."

"It has been around for 15 years but in the last three years it sharply evolved into a leader of sorts for messaging and mobile and that is where it has worked more towards the telecom vertical than completely with the BFSI which is anyways well fought with the biggies. They
have done well and they have a large team of 5000 plus people and delivery centers all across," he said.

"We would believe Rs 250-255 would be a reasonable target for it given the kind of traction that it is showing. It has got cash, it has got very low attrition and good client base; 90 percent of the business comes from the US which is a little bit of a concern as such but if US grows, it becomes an advantage. So, it could be the news for the kind of valuation that it deserves and it could get re-rated a bit."

14.02 | 0 komentar | Read More

Prefer Bharti Airtel for long term: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Bharti Airtel is a good opportunity with view of 2-3 years.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "In Bharti Airtel , if you have a very short-term time horizon then you should exit. However, if you are looking at 2-3 years then Bharti Airtel at current price is a very good opportunity, you hold on to it."

At 12:24 hrs Bharti Airtel was quoting at Rs 351, down Rs 9.55, or 2.65 percent. It has touched an intraday high of Rs 366.45 and an intraday low of Rs 350.50.

Disclosure: Analyst does not have positions in the stock.

14.02 | 0 komentar | Read More

Esaar (India) standalone Dec '14 sales at Rs 0.67 crore

Dec '14 Sep '14 Dec '13 Net Sales/Income from operations 0.67 1.97 1.97 Other Operating Income -- -- 0.00 Total Income From Operations 0.67 1.97 1.97 EXPENDITURE Consumption of Raw Materials -- -- -- Purchase of Traded Goods -- 0.15 11.58 Increase/Decrease in Stocks 1.88 2.07 -9.92 Power & Fuel -- -- -- Employees Cost 0.03 0.03 0.02 Depreciation 0.00 0.00 0.00 Excise Duty -- -- -- Admin. And Selling Expenses -- -- -- R & D Expenses -- -- -- Provisions And Contingencies -- -- -- Exp. Capitalised -- -- -- Other Expenses 0.08 0.01 0.03 P/L Before Other Inc. , Int., Excpt. Items & Tax -1.33 -0.29 0.26 Other Income -- -- -- P/L Before Int., Excpt. Items & Tax -1.33 -0.29 0.26 Interest 0.19 -- 0.00 P/L Before Exceptional Items & Tax -1.52 -0.29 0.26 Exceptional Items -- -- -- P/L Before Tax -1.52 -0.29 0.26 Tax -- -- -- P/L After Tax from Ordinary Activities -1.52 -0.29 0.26 Prior Year Adjustments -- -- -- Extra Ordinary Items -- -- -- Net Profit/(Loss) For the Period -1.52 -0.29 0.26 Equity Share Capital 20.44 8.18 8.18 Reserves Excluding Revaluation Reserves -- -- -- Equity Dividend Rate (%) -- -- -- EPS Before Extra Ordinary Basic EPS -0.07 -0.04 0.03 Diluted EPS -0.07 -0.04 0.03 EPS After Extra Ordinary Basic EPS -0.07 -0.04 0.03 Diluted EPS -0.07 -0.04 0.03 Public Share Holding No Of Shares (Crores) 19.81 7.92 7.78 Share Holding (%) 96.90 96.90 95.18 Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares (Crores) -- -- -- - Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- -- - Per. of shares (as a % of the total Share Cap. of the company) -- -- -- b) Non-encumbered - Number of shares (Crores) 0.63 0.25 0.39 - Per. of shares (as a % of the total sh. of prom. and promoter group) 100.00 100.00 100.00 - Per. of shares (as a % of the total Share Cap. of the company) 3.10 3.10 4.82 Source : Dion Global Solutions Limited

14.03 | 0 komentar | Read More

EuroMult standalone Dec '14 sales at Rs 2.75 crore

Dec '14 Sep '14 Dec '13 Net Sales/Income from operations 2.73 4.29 2.84 Other Operating Income 0.02 0.07 0.01 Total Income From Operations 2.75 4.36 2.85 EXPENDITURE Consumption of Raw Materials 1.51 2.56 1.53 Purchase of Traded Goods 0.08 0.01 -- Increase/Decrease in Stocks 0.04 0.25 0.21 Power & Fuel 0.72 0.90 0.61 Employees Cost 0.59 0.54 0.56 Depreciation 4.58 4.27 4.82 Excise Duty -- -- -- Admin. And Selling Expenses 0.01 0.04 0.00 R & D Expenses -- -- -- Provisions And Contingencies -- -0.12 -- Exp. Capitalised -- -- -- Other Expenses 0.41 0.41 0.38 P/L Before Other Inc. , Int., Excpt. Items & Tax -5.17 -4.51 -5.26 Other Income 0.12 0.12 0.19 P/L Before Int., Excpt. Items & Tax -5.05 -4.39 -5.07 Interest 0.00 0.00 0.04 P/L Before Exceptional Items & Tax -5.05 -4.39 -5.11 Exceptional Items -- -- -- P/L Before Tax -5.05 -4.39 -5.11 Tax -- -- -- P/L After Tax from Ordinary Activities -5.05 -4.39 -5.11 Prior Year Adjustments -- -- -- Extra Ordinary Items -- -- -- Net Profit/(Loss) For the Period -5.05 -4.39 -5.11 Equity Share Capital 23.80 23.80 23.80 Reserves Excluding Revaluation Reserves -- -- -- Equity Dividend Rate (%) -- -- -- EPS Before Extra Ordinary Basic EPS -2.12 -1.84 -2.14 Diluted EPS -2.12 -1.84 -2.14 EPS After Extra Ordinary Basic EPS -2.12 -1.84 -2.14 Diluted EPS -2.12 -1.84 -2.14 Public Share Holding No Of Shares (Crores) 1.26 1.26 1.19 Share Holding (%) 52.81 52.81 50.04 Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares (Crores) -- -- -- - Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- -- - Per. of shares (as a % of the total Share Cap. of the company) -- -- -- b) Non-encumbered - Number of shares (Crores) 1.12 1.12 1.19 - Per. of shares (as a % of the total sh. of prom. and promoter group) 100.00 100.00 100.00 - Per. of shares (as a % of the total Share Cap. of the company) 47.19 47.19 49.96 Source : Dion Global Solutions Limited

14.02 | 0 komentar | Read More