Breaking news:
Indian Govt suddenly withdraws Indirect transfer capital gain provisions for years prior to 2012.
This apparently is done to give benefit to Vodafone UK, which was in litigation since 15 years with Indian income tax department. Hopefully Vodafone UK will pump more money into "Idea" now....
Cairn UK will also be a beneficiary of this...
Indian Govt suddenly withdraws Indirect transfer capital gain provisions for years prior to 2012.
This apparently is done to give benefit to Vodafone UK, which was in litigation since 15 years with Indian income tax department. Hopefully Vodafone UK will pump more money into "Idea" now....
Cairn UK will also be a beneficiary of this...
*GAIL:* Apr-Jun net profit 15.3 bln rupees vs 2.6 bln
Analysts estimated GAIL Apr-Jun net profit 16.9 bln rupees
GAIL: Apr-Jun revenue 173.9 bln rupees vs 120.9 bln
*Indiabulls Housing:* Apr-Jun consol PAT 2.8 bln rupees vs 2.7 bln
Indiabulls Housing: Apr-Jun consol revenue 23.2 bln rupees vs 25.7 bln
Indiabulls Housing: Gross NPA ratio 2.86% on Jun 30 vs 2.20% yr ago
Indiabulls Housing: Loan book at 654.4 bln rupee Jun 30 vs 731.3 bln
*Quess Corp:* Apr-Jun consol net profit 461.9 mln rupees vs 337.7 mln
Quess Corp: Apr-Jun consol revenue 29.9 bln rupees vs 24.1 bln
*Honeywell Automation:* Apr-Jun net profit 915.3 mln rupees vs 980.8 mln
Analysts saw Honeywell Automation Apr-Jun net profit 1.2 bln rupees
Honeywell Automation: Apr-Jun revenue 6.8 bln rupees vs 7.4 bln
*Gujarat Gas:* Apr-Jun net profit 4.8 bln rupees vs 586.6 mln
Analysts estimated Gujarat Gas Apr-Jun net profit 3.4 bln rupees
Gujarat Gas: Apr-Jun revenue 30.7 bln rupees vs 11.1 bln
*Bajaj Consumer:* Apr-Jun consol net profit 489 mln rupees vs 542.4 mln
Bajaj Consumer: Apr-Jun consol revenue 2.2 bln rupees vs 1.9 bln
Analysts estimated GAIL Apr-Jun net profit 16.9 bln rupees
GAIL: Apr-Jun revenue 173.9 bln rupees vs 120.9 bln
*Indiabulls Housing:* Apr-Jun consol PAT 2.8 bln rupees vs 2.7 bln
Indiabulls Housing: Apr-Jun consol revenue 23.2 bln rupees vs 25.7 bln
Indiabulls Housing: Gross NPA ratio 2.86% on Jun 30 vs 2.20% yr ago
Indiabulls Housing: Loan book at 654.4 bln rupee Jun 30 vs 731.3 bln
*Quess Corp:* Apr-Jun consol net profit 461.9 mln rupees vs 337.7 mln
Quess Corp: Apr-Jun consol revenue 29.9 bln rupees vs 24.1 bln
*Honeywell Automation:* Apr-Jun net profit 915.3 mln rupees vs 980.8 mln
Analysts saw Honeywell Automation Apr-Jun net profit 1.2 bln rupees
Honeywell Automation: Apr-Jun revenue 6.8 bln rupees vs 7.4 bln
*Gujarat Gas:* Apr-Jun net profit 4.8 bln rupees vs 586.6 mln
Analysts estimated Gujarat Gas Apr-Jun net profit 3.4 bln rupees
Gujarat Gas: Apr-Jun revenue 30.7 bln rupees vs 11.1 bln
*Bajaj Consumer:* Apr-Jun consol net profit 489 mln rupees vs 542.4 mln
Bajaj Consumer: Apr-Jun consol revenue 2.2 bln rupees vs 1.9 bln
*Demerger Proposals:*
1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)
*Mergers in Pipeline:*
1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)
*Promoters/ management change:*
1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
*Capital reduction:*
1) Supreme petchem
2) Subex
3) Kesoram
*Debt restructuring:*
1) Kesoram
2) Suzlon
*Demerger proposal:* (Company may announce shortly but they have intention to demerge)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)
1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)
*Mergers in Pipeline:*
1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)
*Promoters/ management change:*
1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
*Capital reduction:*
1) Supreme petchem
2) Subex
3) Kesoram
*Debt restructuring:*
1) Kesoram
2) Suzlon
*Demerger proposal:* (Company may announce shortly but they have intention to demerge)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)
GM jsk stock in news vedl,sanfoi,idea, balkrishna ind,Hindalco,somanicer, metropolis,tatachem,cipla,quess,abcapital,ncc,hikal,navkar, aplapolla,gmbrew,dbreality,Panama,alkem,sail. Nifty range 16150-16450.
World Markets
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Dow + 273
Nasdaq + 115
Dax + 53
Nikkei + 21
Hangseng - 149
Sgxnifty + 43 (16334)
Brent Crude 71.07
Dow Fut - 60
Dollar Index 92.34