News with Tags "debt"

Hold Sesa Sterlite; target of Rs 190: ICICIdirect

Posted on Saturday, May 3, 2014 - 15:04 pm

ICICIdirect.com report on  Sesa Sterlite (SSL)

“In Q4FY14, Sesa Sterlite (SSL) reported a net operating income of Rs 20894.4 crore. The topline came in healthy on account of the robust performance by the company’s copper & aluminium businesses. The EBITDA in Q4FY14 came in at Rs 6764.2 crore (EBITDA margins 32.4 percent). EBITDA margins were subdued on account of an increase in operating expense across business segments. PAT for the quarter came in at Rs 1621.6 crore and was supported by higher other income amounting to Rs 763.7 crore.”


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Posted by on Saturday, May 3, 2014 - 15:04 pm.
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Spadework on for new types of bonds

Posted on Tuesday, April 29, 2014 - 07:57 am

The Securities and Exchange Board of India (Sebi) is preparing to launch trading in at least four new categories of debt — municipal bonds, Sukuk bonds, covered bonds and bonds issued by cooperative societies — this financial year.


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Posted by on Tuesday, April 29, 2014 - 07:57 am.
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U.S. Treasury expects to pay down debt in April-June quarter

Posted on Tuesday, April 29, 2014 - 02:01 am

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.


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Posted by on Tuesday, April 29, 2014 - 02:01 am.
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China must move cautiously in cutting leverage ratio: PBOC official

Posted on Monday, April 28, 2014 - 10:01 am

BEIJING (Reuters) – China must act cautiously in cutting leverage ratios in the corporate and government sectors, as any abrupt move could deal a blow to an economy that is already slowing, a senior central bank official said in remarks published on Monday.


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Posted by on Monday, April 28, 2014 - 10:01 am.
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Hold HEG; target of Rs 225: ICICIdirect.com

Posted on Saturday, April 26, 2014 - 02:04 am

ICICIdirect.com report on HEG

In Q4FY14, capacity utilisation stood at ~95 percent (capacity 80,000 TPA)

The corresponding EBITDA in Q4FY14 came in muted at Rs 77.7 crore (EBITDA margins at 15.5 percent). The margins were under pressure on account of higher raw material costs & higher other expenses


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Posted by on Saturday, April 26, 2014 - 02:04 am.
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Russian firms risk funding crunch as investors fear sanctions

Posted on Saturday, April 26, 2014 - 00:01 am

LONDON (Reuters) – Usually prolific borrowers on global markets, Russian companies are finding their funding lifeblood cut off by banks and asset managers who fear their investments will get caught up in the standoff between Moscow and the West.


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Posted by on Saturday, April 26, 2014 - 00:01 am.
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Russian firms risk funding crunch as investors fear sanctions

Posted on Saturday, April 26, 2014 - 00:01 am

LONDON (Reuters) – Usually prolific borrowers on global markets, Russian companies are finding their funding lifeblood cut off by banks and asset managers who fear their investments will get caught up in the standoff between Moscow and the West.


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Posted by on Saturday, April 26, 2014 - 00:01 am.
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[video] European markets close: Record euro zone debt

Posted on Thursday, April 24, 2014 - 02:09 am

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Posted by on Thursday, April 24, 2014 - 02:09 am.
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Exclusive: Cuba may revive Paris Club debt negotiations

Posted on Tuesday, April 22, 2014 - 19:40 pm

By Marc Frank

HAVANA (Reuters) – Cuba and the Paris Club of wealthy creditor nations are working to resume talks over billions of dollars of official debt in a new sign the communist government is interested in rejoining the global economy.


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Posted by on Tuesday, April 22, 2014 - 19:40 pm.
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Will pare debt by 50% in next 6 months: Hotel Leela

Posted on Tuesday, April 22, 2014 - 10:49 am

Hotel Leela  is not only in talks with sovereign funds of Abu Dhabi, Qatar and Malaysia to sell its prime properties as reported by media earlier , but with other investors as well, says Vivek Nair, vice chairman & managing director, Hotel Leela Ventures.


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Posted by on Tuesday, April 22, 2014 - 10:49 am.
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Leela Group to sell Delhi, Chennai hotels to pare debt

Posted on Monday, April 21, 2014 - 16:49 pm

Hotel Leelaventure Ltd is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell its prime properties in Delhi and Chennai for around Rs 1,850 crore to pare debt.


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Posted by on Monday, April 21, 2014 - 16:49 pm.
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NCC up on plans to sell highway assets to cut debt

Posted on Saturday, April 19, 2014 - 01:57 am

Sugar exports: Industry restive over delays in subsidy revision

For February-March, the rate decided was Rs 3,300 a tonne; that for April-May was to be announced in the last week of March


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Posted by on Saturday, April 19, 2014 - 01:57 am.
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How SREI made 200% returns off a Kingfisher loan in 2 years

Posted on Friday, April 18, 2014 - 08:49 am

Moneycontrol Bureau

A daring but well-calculated investment in a loan offered to now-grounded carrier  Kingfisher Airlines has paid off handsomely for a debt fund run by SREI Infrastructure Finance , more then trebling since in less than two years.


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Posted by on Friday, April 18, 2014 - 08:49 am.
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ECB plan could boost shares in Europe’s weakest companies

Posted on Wednesday, April 16, 2014 - 12:40 pm

By Francesco Canepa

LONDON (Reuters) – Shares in some of Europe’s least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation.


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Posted by on Wednesday, April 16, 2014 - 12:40 pm.
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Has the wind changed direction to favour Suzlon?

Posted on Sunday, April 13, 2014 - 14:57 pm

Wind Turbine manufacturers across the globe have been in trouble over the past few years. One of the cleanest source of energy, wind power is heavily dependent on subsidies from government. While some governments (western countries) provided direct subsidy in the form of generation based incentives (GBI), some like the Indian government used to provide indirect subsidy, in the form of accelerated depreciation (AD) benefits to those players setting up wind turbines.


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Posted by on Sunday, April 13, 2014 - 14:57 pm.
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China central bank: credit growth steady but watching debt risks

Posted on Friday, April 11, 2014 - 18:01 pm

BOAO, China (Reuters) – China’s central bank governor, Zhou Xiaochuan, said on Friday that although credit growth was stable, the central bank remained vigilant against the risks from corporate indebtedness.


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Posted by on Friday, April 11, 2014 - 18:01 pm.
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Sell Hindalco Industries; target of Rs 108: ICICIdirect

Posted on Thursday, April 10, 2014 - 20:04 pm

ICICIdirect.com’s report on Hindalco Industries

“Hindalco Industries, the non-ferrous metal major had a decent stock price appreciation in the recent past. We however feel that the stock price appreciation has further stretched the company’s valuation (core business quoting at 7.6x FY15E EV/EBITDA) amid subdued macroeconomic conditions. Furthermore, the company’s debt levels are expected to remain at elevated levels with meaningful debt reduction only post FY16E. The company is expected to end FY14 with a gross debt of Rs 57906 crore & net debt of Rs 48147 crore. The company’s overseas subsidiary Novelis on the other hand has reported subdued performance in the recent past with Q3FY14 EBITDA/tonne coming in at US$ 271/tonne. We expect Novelis to report better performance going forward however the pace of improvement is expected to be much slower (given the high regional metal premiums). On the back of stretched valuations we advice investors to exit the counter and are downgrading the stock from HOLD to SELL. We maintian our target price of Rs 108 on the stock”, says ICICIdirect.com research report.


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Posted by on Thursday, April 10, 2014 - 20:04 pm.
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Investors rediscovering price of stock: Ashoka Buildcon

Posted on Thursday, April 10, 2014 - 15:49 pm

Ashoka Buildcon , the infrastructure company that builds and operates roads and bridges in the country on a build, operate and transfer (‘BOT’) basis, has been rallying over the past two days and there doesn’t appear to be any particular reason for the same.


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Posted by on Thursday, April 10, 2014 - 15:49 pm.
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Greece in no rush to tap bond markets, finmin says

Posted on Tuesday, April 8, 2014 - 00:01 am

ATHENS (Reuters) – Greece does not need to return to debt markets imminently, its finance minister said on Monday, reiterating that Athens’ first bond sale in four years will take place at some point in the first half of 2014.


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Posted by on Tuesday, April 8, 2014 - 00:01 am.
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No thumb rule for asset allocation

Posted on Monday, April 7, 2014 - 12:13 pm

      

Debates over how one’s portfolio should be diversified can be endless. While some believe investing only in debt, others believe that equities are the way to go. Then there are those that would like a good mix of both.


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Posted by on Monday, April 7, 2014 - 12:13 pm.
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