RAILTEL not like other Rail PSU IPOs
1) Existing business model - National Long Distance (37% Revenue Tower 15% ISP 15% Railway projects 14%)
2) Future services (Wifi Raitel with google and other SPs)
HD Video conferincing 1080P (akin Zoom)
IP Based video survelliance
Content on Demand (Could be a game changer from passengers during train journey huge market launch in 2 years)
E office (paperless work for railway employees)
Railway Display Network
Data Centre survices (Secunderabad and Gurgoan)
Hospital Management Information Services
Modernization of railway services and automated traffic signaling from current manual
Even some more listed in this DRHP (Draft Redherring Prospectus submitted to SEBI for IPO listing)
Mini Ratna company
TPaaS services started in 2014
721 employees
Netw worth 6% CAGR yoy increase
Asssets 8% CAGR yoy increase
No Debt
Profits currently look normal but very strong pipeline of Future services and massive opportunity
1) Existing business model - National Long Distance (37% Revenue Tower 15% ISP 15% Railway projects 14%)
2) Future services (Wifi Raitel with google and other SPs)
HD Video conferincing 1080P (akin Zoom)
IP Based video survelliance
Content on Demand (Could be a game changer from passengers during train journey huge market launch in 2 years)
E office (paperless work for railway employees)
Railway Display Network
Data Centre survices (Secunderabad and Gurgoan)
Hospital Management Information Services
Modernization of railway services and automated traffic signaling from current manual
Even some more listed in this DRHP (Draft Redherring Prospectus submitted to SEBI for IPO listing)
Mini Ratna company
TPaaS services started in 2014
721 employees
Netw worth 6% CAGR yoy increase
Asssets 8% CAGR yoy increase
No Debt
Profits currently look normal but very strong pipeline of Future services and massive opportunity
Rail tel is it the next IRCTC ? RailTel Corporation of India Ltd (the Company) has been assigned the following work of Rs. 105.82 Crores by Ministry of Railways:
- Upgradation of signaling from Std. I to Std. II R with EI at 5 numbers of Station for the amount of approx. Rs.30.37 Crores.
- Phillaur-Lohiank has upgradation of signaling. from Std.-I to Std. II R with EI. at 5 numbers of Station for the amount of approx. Rs.24.79 Crores.
- Replacement of mechanical signaling at 5 numbers of Station for the amount of approx. Rs.50.66 Crores.
The tenure for completion of aforesaid works is 18 months.
Source: Equity Bulls
The much-awaited Content on Demand service in trains will be launched this month, a senior official of RailTel Corporation of India said on Thursday. The service involves infotainment in moving trains by providing preloaded multilingual content which will include movies, news, music videos, and general entertainment. To ensure buffer-free services, media servers will be placed inside coaches, RailTel Chairman and Managing Director Puneet Chawla said in a press briefing. Passengers will be able to enjoy high-quality buffer-free streaming across personal devices and the content will be periodically refreshed. The service will be rolled out onboard 8,731 trains including 5,723 suburban trains and more than 5,952 wi-fi-enabled railway stations.
Pilot implementation in a Rajdhani and an AC suburban rake over Western Railway is in the final stage of completion and testing. The revenue share of Railway and RailTel is 50:50 with the PSU expecting an annual revenue of at least Rs 60 crore from the initiative. RailTel has roped in Margo Networks, a subsidiary of Zee Entertainment, to provide the CoD service in trains and railway stations. The project will be implemented in two years and the content will be made available both in paid and unpaid formats for a contract period of 10 years which includes first two years of implementation. With an aim to generate more non-fare revenue, the Railway Board has entrusted RailTel with providing the CoD service to passengers in trains. "Content on Demand will be available from this month and it will not only improve passenger experience but also increase non-fare revenue through multiple monetisation models," Chawla said
- Upgradation of signaling from Std. I to Std. II R with EI at 5 numbers of Station for the amount of approx. Rs.30.37 Crores.
- Phillaur-Lohiank has upgradation of signaling. from Std.-I to Std. II R with EI. at 5 numbers of Station for the amount of approx. Rs.24.79 Crores.
- Replacement of mechanical signaling at 5 numbers of Station for the amount of approx. Rs.50.66 Crores.
The tenure for completion of aforesaid works is 18 months.
Source: Equity Bulls
The much-awaited Content on Demand service in trains will be launched this month, a senior official of RailTel Corporation of India said on Thursday. The service involves infotainment in moving trains by providing preloaded multilingual content which will include movies, news, music videos, and general entertainment. To ensure buffer-free services, media servers will be placed inside coaches, RailTel Chairman and Managing Director Puneet Chawla said in a press briefing. Passengers will be able to enjoy high-quality buffer-free streaming across personal devices and the content will be periodically refreshed. The service will be rolled out onboard 8,731 trains including 5,723 suburban trains and more than 5,952 wi-fi-enabled railway stations.
Pilot implementation in a Rajdhani and an AC suburban rake over Western Railway is in the final stage of completion and testing. The revenue share of Railway and RailTel is 50:50 with the PSU expecting an annual revenue of at least Rs 60 crore from the initiative. RailTel has roped in Margo Networks, a subsidiary of Zee Entertainment, to provide the CoD service in trains and railway stations. The project will be implemented in two years and the content will be made available both in paid and unpaid formats for a contract period of 10 years which includes first two years of implementation. With an aim to generate more non-fare revenue, the Railway Board has entrusted RailTel with providing the CoD service to passengers in trains. "Content on Demand will be available from this month and it will not only improve passenger experience but also increase non-fare revenue through multiple monetisation models," Chawla said
LAURUS LABS: CO HAS RECEIVED THE LICENCE FROM DEFENCE RESEARCH & DEVELOPMENT ORGANISATION (DRDO) TO MANUFACTURE AND MARKET OF 2- DEOXY-D-GLUCOSE (2DG)
India’s exports grow by 47% to $32.46 billion in June
https://www.hindustantimes.com/business/indias-exports-grow-by-47-to-32-46-billion-in-june-101625232635190.html
https://www.hindustantimes.com/business/indias-exports-grow-by-47-to-32-46-billion-in-june-101625232635190.html
Hindustan Times
India’s exports grow by 47% to $32.46 billion in June
Union minister Piyush Goyal said it is the highest ever merchandise exports in a quarter in the history of the nation.
Coal India reported sales volume of 51.3mn T Vs yoy 41.6mn T mom 55.1mn T up by 23.3% yoy and down -6.9%mom. Quarterly volume came at 160.5mn T Vs yoy 120.7 MN T up 33% and QoQ 164.2mn T down -2.3%. As compared to Q1FY20 sales is up by 4.6%. Neutral
*NMDC*: Sales volume up 28% YoY to 3.18 MT versus 2.48 MT but down -3.6% mom Vs 3.18mn T. Neutral
*NMDC*: Sales volume up 28% YoY to 3.18 MT versus 2.48 MT but down -3.6% mom Vs 3.3mn T. Neutral
*Dixon Technologies:* Ministry of Electronics and Information and Technology (MeitY) has approved 14 eligible applicants under PLI for IT hardware (laptops, tablets, PCs and servers). Dixon is one of the ten domestic companies to have received the approval. The scheme extends an incentive of 4% to 2% on net incremental sales for four years (FY22 to FY25). As per Dixon’s previous guidance on Hardware PLI, the scheme should add around 3% to Dixon’s total revenue. Positive.
*Torrent Pharma*: National Pharmaceutical Pricing Authority (NPPA) exempts co’s Tapentadol Nasal Spray from price regulation for 5 yrs. *Positive*
The National Pharmaceutical Pricing Authority allows 50% increase for Carbamazepine, Ranitidine & Ibuprofen. *Positive for Granules, Strides*
APSEZ handled cargo volume of 25.54 MMT in June(-0.4% MoM ,+ 83% YoY). Neutral
*NMDC*: Sales volume up 28% YoY to 3.18 MT versus 2.48 MT but down -3.6% mom Vs 3.18mn T. Neutral
*NMDC*: Sales volume up 28% YoY to 3.18 MT versus 2.48 MT but down -3.6% mom Vs 3.3mn T. Neutral
*Dixon Technologies:* Ministry of Electronics and Information and Technology (MeitY) has approved 14 eligible applicants under PLI for IT hardware (laptops, tablets, PCs and servers). Dixon is one of the ten domestic companies to have received the approval. The scheme extends an incentive of 4% to 2% on net incremental sales for four years (FY22 to FY25). As per Dixon’s previous guidance on Hardware PLI, the scheme should add around 3% to Dixon’s total revenue. Positive.
*Torrent Pharma*: National Pharmaceutical Pricing Authority (NPPA) exempts co’s Tapentadol Nasal Spray from price regulation for 5 yrs. *Positive*
The National Pharmaceutical Pricing Authority allows 50% increase for Carbamazepine, Ranitidine & Ibuprofen. *Positive for Granules, Strides*
APSEZ handled cargo volume of 25.54 MMT in June(-0.4% MoM ,+ 83% YoY). Neutral
Dear All,
Nirmal Bang is Inviting you to a Zoom Webinar.
When: Jul 5, 2021 08:45 AM India
Topic: Morning Market Update
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Nirmal Bang is Inviting you to a Zoom Webinar.
When: Jul 5, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_PJz2JU6jROi1YKNTNa4Jhg
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
Indian banks hit more by Covid than peers in US, Europe: RBI https://www.livemint.com/economy/indian-banks-hit-more-by-covid-than-peers-in-us-europe-rbi-11625236404992.html
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mint
Covid hit Indian banks harder than peers in US, Europe: RBI
While all countries saw a year on year increase in the default rate among both corporate and retail borrowers in the fourth quarter of last fiscal year, it has been more pronounced in the case of Indian banks
India Inc's foreign borrowings plunge by 51% to $738 mn in May https://www.livemint.com/economy/india-inc-s-foreign-borrowings-plunge-by-51-to-738-mn-in-may-11625229526286.html
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mint
India Inc's foreign borrowings plunge by 51% to $738 mn in May
Indian businesses had raised USD 1.49 billion by way of external commercial borrowings (ECB) in May 2020.The entire fund raised in May 2021 came through the automatic route of the ECB
Govt revises MSME guidelines to include retail & wholesale trades https://www.livemint.com/news/india/govt-revises-msme-guidelines-to-include-retail-wholesale-trades-as-msmes-11625215435219.html
Download mint app for latest in Business News - https://bit.ly/32XEfFE
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mint
Govt revises MSME guidelines to include retail & wholesale trades
Gadkari said that the revised guidelines will benefit 2.5 crore retail and wholesale traders
Infosys still resolving issues related to new income tax portal: FM Sitharaman https://www.livemint.com/news/india/infosys-still-resolving-issues-related-to-new-income-tax-portal-fm-sitharaman-11625226232622.html
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mint
Infosys still resolving issues related to new income tax portal: FM Sitharaman
Sitharaman in a meeting on June 22 had asked Infosys to address fix all issues on priority
SEBI clears IPO application of Zomato
https://www.moneycontrol.com/news/business/sebi-clears-ipo-application-of-zomato-7119821.html
Download moneycontrol app: http://m.moneycontrol.com/mom
https://www.moneycontrol.com/news/business/sebi-clears-ipo-application-of-zomato-7119821.html
Download moneycontrol app: http://m.moneycontrol.com/mom
Moneycontrol
SEBI clears IPO application of Zomato
Zomato, backed by China’s Ant Group, filed for the IPO in April and is said to be looking to raise up to $1.2 billion.
U.S : US June payrolls increase 850,000 vs est of 720,000; June #unemployment rate rises to 5.9% vs 5.8% (Agencies)
In-depth | From social audio to podcasts, tech companies rush to stay ahead of competition
https://www.moneycontrol.com/news/business/in-depth-from-social-audio-to-podcasts-tech-companies-rush-to-stay-ahead-of-competition-7118001.html
https://www.moneycontrol.com/news/business/in-depth-from-social-audio-to-podcasts-tech-companies-rush-to-stay-ahead-of-competition-7118001.html
Moneycontrol
In-depth | From Social Audio To Podcasts, Tech Companies Rush To Stay Ahead Of Competition
Competition has become fierce in the audio space, with major tech companies working hard to capitalise on this trend, and many have either launched or are working on launching live audio apps or features.
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*India Pesticides Limited*
Listing Date : *Monday, Jul 05 2021*
ISIN : *INE0D6701023*
BSE : *543311 (B Group)*
NSE : *IPL (EQ Series)*
Total Shares : *115163508*
Face Value : *₹10*
IPO Price : *₹296*
Listing Date : *Monday, Jul 05 2021*
ISIN : *INE0D6701023*
BSE : *543311 (B Group)*
NSE : *IPL (EQ Series)*
Total Shares : *115163508*
Face Value : *₹10*
IPO Price : *₹296*
-Sunil Mittal: Airtel has raised $12b in the last 24 months
-Investments in one web are not at the cost of Bharti
-Will look at IPO of one web at the right time
-British telecom will use one web to reach remote parts of UK
-Strategy is serve enterprise customers, not retail
-Sunil Mittal On Bharti’s India biz: Industry ARPU is unsustainable
-We are talking about ARPUs of 200 , which will still be lower than 6 years
-Lower ARPU will still be Rs 75-100
-We can unilaterally move on ARPUs, have to be mindful on tariffs
-Sunil Mittal: AGR installment has been made, next one has to be paid next year
-No one-web equipment today comes from China , comes from security approved western countries
-Again when questioned on tariffs - We will not hesitate on raising tariffs, but cannot do it unilaterally
-Investments in one web are not at the cost of Bharti
-Will look at IPO of one web at the right time
-British telecom will use one web to reach remote parts of UK
-Strategy is serve enterprise customers, not retail
-Sunil Mittal On Bharti’s India biz: Industry ARPU is unsustainable
-We are talking about ARPUs of 200 , which will still be lower than 6 years
-Lower ARPU will still be Rs 75-100
-We can unilaterally move on ARPUs, have to be mindful on tariffs
-Sunil Mittal: AGR installment has been made, next one has to be paid next year
-No one-web equipment today comes from China , comes from security approved western countries
-Again when questioned on tariffs - We will not hesitate on raising tariffs, but cannot do it unilaterally
https://www.livemint.com/news/india/india-plans-to-rework-the-evs-game-as-it-pushes-china-against-the-wall-11625187300456.html *A drive to reduce dependence on imported materials and technology, especially from China, is pushing India to invest in a battery technology that uses aluminum rather than lithium as the key ingredient. Indian Oil Corp., the nation’s largest oil refiner, has teamed up with startup Phinergy Ltd. to develop the Israeli company’s aluminum-air battery*
mint
India plans to rework the EVs space as it pushes China against the wall
India has few exploitable options to produce lithium, the key metal for the current generation of electric-vehicle batteries, but its eastern jungles hold large reserves of bauxite, the ore used to make aluminum.