News with Tags "debt"

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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Shares of TPG-backed IMS Health rise in debut

Posted on Saturday, April 5, 2014 - 04:02 am

(Reuters) – Shares of TPG Capital Management-backed IMS Health Holdings Inc (IMS.N) rose as much as 14 percent in their trading debut, valuing the healthcare information company at up to $ 7.55 billion.


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Posted by on Saturday, April 5, 2014 - 04:02 am.
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Moscow calls on Ukraine to pay down its gas debt

Posted on Friday, April 4, 2014 - 00:40 am

MOSCOW (AP) — Russia is tightening its economic screws on Ukraine, ordering Thursday a further increase in the price of gas it sells to the country and asking that past bills — which are growing by the day — be paid.


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Posted by on Friday, April 4, 2014 - 00:40 am.
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Co’s earnings to be used to repay debt: JSPL

Posted on Thursday, April 3, 2014 - 17:49 pm

Ravi Uppal, MD, Jindal Steel and Power  (JSPL), said the company’s performance on both steel and power segments have been more than satisfactory, despite adverse market conditions. 


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Posted by on Thursday, April 3, 2014 - 17:49 pm.
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Sesa Sterlite gains; Moody’s upgrades Vedanta

Posted on Thursday, April 3, 2014 - 14:51 pm

Shares in  Sesa Sterlite and  Hindustan Zinc gain after Moody’s Investors Service upgraded its outlook for parent company Vedanta Resources Plc to “stable” from “negative”.


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Posted by on Thursday, April 3, 2014 - 14:51 pm.
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China’s FX regulator says foreign debt risk decreasing

Posted on Monday, March 31, 2014 - 10:01 am

BEIJING (Reuters) – China’s foreign exchange regulator said on Monday that it does not see any risk in the country’s relatively high ratio of short-term foreign debt to total foreign debt, noting that the country had a large pile of foreign reserves to fall back on.


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Posted by on Monday, March 31, 2014 - 10:01 am.
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OECD sees developed economies’ debt topping post-war highs this year

Posted on Sunday, March 30, 2014 - 06:01 am

PARIS (Reuters) – The combined debt burden of the biggest developed economies will surpass this year record levels seen at the end of World War II, adding pressure on governments as they roll over post-crisis debts, the OECD said on Friday.


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Posted by on Sunday, March 30, 2014 - 06:01 am.
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Buy Oberoi Realty; target of Rs 260: GEPL Capital

Posted on Wednesday, March 26, 2014 - 19:04 pm

GEPL Capital’s report on Oberoi Realty

“Oberoi Realty has zero debt status and cash of Rs10.72 bn on its books as on 31st March, 2013.  Assuming that 40 percent of this cash (Rs4.29 bn) is spent on construction of its existing projects, Rs6.43 bn would still be available. The remaining gap of Rs5.12 bn can easily be raised through debt, given its current debt free status.”


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Posted by on Wednesday, March 26, 2014 - 19:04 pm.
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Oberoi Realty rises 18% on buying Tata Steel’s 25-acre land

Posted on Wednesday, March 26, 2014 - 17:51 pm

Moneycontrol Bureau

Shares of  Oberoi Realty are just celebrating on Dalal Street as it bought Tata Steel ’s defunct manufacturing plant in Borivali, a western suburb in Mumbai. Oberoi Realty jumped 18 percent while Tata Steel rose 2 percent intraday on Wednesday after the real estate developer announced buying the 25-acre land for Rs 1155 crore through e-auction. 


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Posted by on Wednesday, March 26, 2014 - 17:51 pm.
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Will bring down debt/equity ratio to 1:1: Wheels India

Posted on Wednesday, March 26, 2014 - 10:49 am

The  Wheels India stock has gone through a summersault. The company went in for a rights issue in February, which was offered at a 50 percent discount to the market price at that time. Srivats Ram, MD, Wheels India says the intention was not just to follow Sebi guidelines on promoter holding. At present, promoters hold 75 percent shares, while the rest is held by public shareholders.


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Posted by on Wednesday, March 26, 2014 - 10:49 am.
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JP Associates up 2% on selling stake in Bokaro Cement

Posted on Tuesday, March 25, 2014 - 20:51 pm

Moneycontrol Bureau

Investors are buying shares of  Jaiprakash Associates (JAL) and  Dalmia Bharat as the former has decided to sell stake in Bokaro Cement as a part of debt reduction strategy. These stocks gained as much as 2 percent and 2.8 percent intraday on Tuesday, respectively.


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Posted by on Tuesday, March 25, 2014 - 20:51 pm.
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Expect debt of 220cr from JP’s Bokaro unit: Dalmia Bharat

Posted on Tuesday, March 25, 2014 - 12:49 pm

The acquisition of 74 percent stake of  JP Associates in Bokaro Cement plant, will give a debt of Rs 220 crore to Dalmia Bharat , says its group CFO and wholetime director  Mahendra Singhi. 


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Posted by on Tuesday, March 25, 2014 - 12:49 pm.
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Brazil says debt downgrade contradicts strong fundamentals

Posted on Tuesday, March 25, 2014 - 08:40 am

BRASILIA (Reuters) – The downgrade of Brazil’s debt rating by Standard and Poor’s contradicts the country’s solid economic fundamentals, the finance ministry said on Monday.


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Posted by on Tuesday, March 25, 2014 - 08:40 am.
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