Dalal street

“Unfortunately, the filmy crowd doesn’t look at TV in a positive way. But, the change is slowly happening. Big filmmakers still don’t give TV that much importance. So, this time around, I want to take it slow. Meanwhile, web is satisfying my creative urge. I love the medium that’s redefining the way we look at content and talent,” he concludes. … [Read more...] about Iqbal Khan: My decision of doing TV was out of compulsion, I had to pay my next month’s rent

New Delhi: Shares of Suzlon Energy wiped off some losses after it clarifies that the rumours about the company were baseless.The company also appealed to the investors and stakeholders to not to believe in the same.The scrip plunged as much as 43 per cent to Rs 2.70 during the day against the previous close of Rs 4.73. However, shares of the company pared some losses and were trading 28.33 per cent down at Rs 3.39 at around 2.27 (IST). The BSE Sensex was up 89 points, or 0.24 per cent, at 36,672 at around the same time.In a BSE filing, Suzlon said, "We wish to clarify that the company is regular in servicing its debt obligations including servicing obligations towards banks and others for the month of January 2019.""We are currently under silent period for declaration of financial results for the quarter ended December 2018 and hence cannot comment further; however wish to submit that the company is committed towards compliance of the listing regulations and would ensure necessary … [Read more...] about Suzlon shares pare losses after 43% plunge on firm’s clarification

New Delhi: State-run hydro power giant NHPC Wednesday paid an interim dividend of Rs 526.53 crore to the central government for 2018-19.The dividend payout bank advice was presented to Power Minister R K Singh by NHPC Chairman and Managing Director Balraj Joshi on Wednesday, a company statement said.The board of directors of the company in its 422nd meeting held on February 8 had declared an interim dividend at the rate of Rs 0.71 per equity share i.e. 7.10 per cent of the face value.The NHPC has more than seven lakh shareholders and total interim payout for 2018-19 worked out to Rs 713.20 crore. The company had paid the total dividend of Rs 1,436.31 crore at the rate of Rs 1.40 per share for 2017-18 that includes an interim dividend of Rs 1,149.05 crore at the rate of Rs 1.12 per share and final dividend of Rs 287.26 crore at the rate of Rs 0.28 per share.According to the Department of Investment and Public Asset Management guidelines issued in May 2016 on the Capital Restructuring of … [Read more...] about NHPC pays Rs 527 crore dividend to govt

New Delhi: Castrol India Ltd Monday reported a 2 per cent rise in net profit in the March quarter on back of higher revenues.Net profit in January-March at Rs 185 crore, or Rs 1.87 per share, was higher than Rs 181.8 crore, or Rs 1.84 per share, in the same period of the previous year, the company said in a statement.Revenue rose 5 per cent to Rs 976.2 crore."The company grew profits in a tough external environment," it said.Omer Dormen, Managing Director, Castrol India Ltd: "We continue progressing really well against our strategic priorities and in first quarter 2019, we have seen strong topline improvement contributed by growth in personal mobility space, focus channels and new premium products."In a tough environment, which witnessed softening of economic indicators, sluggish demand and higher input costs, the company has been resilient to grow, he said."Through prudent cost control initiatives, strategic sourcing and better product mix management we have been able to protect our … [Read more...] about Castrol profit up 2% at at Rs 185 crore in Jan-Mar

Shaktikanta Das on Thursday lower the repo rate by 25 basis points to 6.25 per cent in 4-2 vote. RBI has thus cut rate for the first time in 17 months. The last rate cut happened in August, 2017. The MPC also changed the policy stance to ‘neutral’ from ‘calibrated tightening’. This was first money policy review for former economic affairs secretary Shaktikanta Das, who took over as RBI Governor in the second week of December, 2018.The central bank sees consumer price inflation at 2.4 in January-March period and 3.2-3.4 per cent from April to September. April-September GDP growth is seen at 7.2-7.4 per cent. RBI MONEY POLICY HIGHLIGHTSRBI Governor Das voted in favour of rate cutMPC unanimously voted to change stance to neutralFY20 GDP seen at 7.4 per centCPI seen at 2.4% in Jan-March 2019 and 3.2-3.4% in April-SeptRBI to withdraw rule on FPI exposure to single corporate entityTo raise limit for collateral free farm loan to Rs 1.6 lakhFY20 Budget proposals likely … [Read more...] about RBI takes sharp U-turn, lowers repo rate by 25 bps in first cut since Aug 2017