February 23: The Trump Administration Has Announced A New Policy That Makes Very Tough The Procedure Of Issuing H1-B Visas To Those To Be Employed At One Or More Third-Party Work Sites. We Caught Up With Mohandas Pai, Chairman Of Manipal Global Education And R Chandrashekhar, President Of Nasscom To Get More Perspective On This.
February 23: The Government May Consider Raising FII Investment Caps In Government Bonds. The Limit Currently Is Set At 5%. BTVI’s Meghna Mittal Joined Us With The Exclusive Details.
February 23: K Ajith Kumar Rai, CMD At Suprajit Engineering Says That Traction In Indian Business Has Been Good And The Company Is Trying To Focus More On Direct Exports Going Ahead.
February 23: ITD Cementation has Posted a mixed set of numbers in Q3FY18 with Revenue down 15.7% at Rs 574.9 Cr Vs Rs 682.7 Cr and PAT Up 51.7% At Rs 17.6 Cr Vs Rs 11.6 Cr. Prasad Patwardhan, CFO At ITD Cementation says that Margins Were Muted Until Sometime Back Due To Losses Suffered In Delhi Metro But Current Orderbook Is Very Healthy.
February 23: Commerce Ministry Recommends Anti-Dumping Duty On Dimethylacetamide, Recommend Duty For 5 Yrs On DMAC Originating From China And Turkey. We Caught Up With D Ram Reddy, Joint MD At Balaji Amines To Discuss this In Detail.
February 23: The CBEC Will Meet Infosys Today On Simplification Of GST Filing Process. BTVI’s Meghna Mittal Joined Us With The Exclusive Details.
February 23: Nasdaq Posts Longest Losing Streak Since Nov 2016. Dow & S&P 500 Off Highs, Worries About Rising Rates Linger. We Caught Up With Peter Mcguire, CEO At XM.com/au Who Says That Crude May Rise From Current Levels As U.S. Dollar Looking Weak.
February 22: Five Major Steel Firms Account For A Total Of Rs 159,000 Crore Of The Banking System’s Whopping Bad Debt Mountain. There Has Been Reasonable Investor Interest In The Steel Assets Which Had Also Tried To Push Its Foot Inside The Door. Lenders Are On Track To Recover As Much As 77% Of The Total Debt Steel Cos Referred To The NCLT. To Discuss That, We Spoke To Ved Jain, CA And Former President Of ICAI, Sandeep Upadhyay Of Centrum Infrastructure Advisory And Mamta Binani Of ICSI.
February 22: AM Naik, Head Of The Country's Largest Infra Conglomerate Laments The Lack Of Private Sector Capex As The Big Challenge For The Industry, Says The Infra Space Is Struggling Currently Due To The High Dependence On Government Orders. He Further Says The Constant Election Cycle Means The Government Is Distracted From Its Objective Of Nation Building.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1