Mortgage lender HDFC Ltd has set the floor price at Rs 1,838.94 per share for its qualified institutional placement (QIP) issue that opened on Wednesday, according to a regulatory filing. On July 30, the board of directors of HDFC had approved raising funds by way of issuance of equity shares and secured redeemable non-convertible debentures simultaneously with warrants aggregating up to a cumulative amount of Rs 14,000 crore on a QIP basis. … [Read more...] about Stocks in focus on August 6, 2020
Book stock market charts
New Delhi: Auto component supplier, Kalyani Forge has earmarked a capex of Rs 200 crore for a three-fold growth in the next four years, an ambitious target for the company that reported a decline in sales in 2013-14.The company is also enhancing its presence in the international market and aggressively looking at Joint Venture and acquisition in opportunity in Europe.“We outlayed a capex plan of around Rs 200 crore for upgrading technology, value adding processes and larger size forgings, keeping in mind the upcoming requirements of our customers.,” said Viraj Kalyani, Executive Director, Kalyani Forge.It has also won major orders in Europe recently and targets 40% revenue from exports in 3 to 4 years from current 25%. “For this kind of auto component suppliers, it’s very important to go for economy of scale by enhancing exports business and acquiring new customers locally. Kalyani management is thinking in the right direction,” said Abdul Majeed, Partner, … [Read more...] about Can Kalyani Forge chart a 3-fold growth plan, after a decline FY14?
While the strategists suggested it may be too early for investors to position themselves aggressively for such a shift, they recommended options trades as a way to play the theme. For example, some call options on the S&P 500 still look attractive, and Goldman sees upside to around the 3,700 level should there be an early vaccine. … [Read more...] about Goldman warns Covid-19 vaccine approval could upend markets
"The listing marks a new starting point. We will make full use of the sustained financing capability of the capital market and continuously optimize the layout of our business to increase our core competitiveness," said Wu Kenian, chairman of the company. … [Read more...] about Xinjiang’s first travel company debuts on A-share market
In our experience, GST has been a great help to us. For example, in the whole logistics area introduction of GST and solving the initial teething problems has resulted in much faster movement of carrying cars and bringing components. It has also reduced the cost of operations. There have been some problems with the small industries but that problem rose because these industries were not maintaining proper accounts and they were used to a lot of business in cash. If you want the industry to grow and modernize. It can only happen if they generate enough internal resources.The mistake we all make is to only evaluate the jobs created in the manufacturing industry~If you don’t generate internal resources. If you don’t maintain correct books and if you maintain books correctly GST is not a problem. It is a very simple way of taxation and filling up the forms. But there are areas GST rates are inconsistent with the rapid rate of manufacturing. I think the government needs to … [Read more...] about ETGlobalTownhall: India offers a great advantage of competent human resource and large market for global companies, says RC Bhargava, Maruti Suzuki