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TOP 10
THINGS
21 October 2019
1
21 October 2019
TOP 10 THINGS TO KNOW
New Brexit turmoil as Boris Johnson sends unsigned extension
letter to EU
British Prime Minister Boris Johnson was on October 20 branded a “spoilt brat” by
the Opposition after he sent an unsigned letter seeking a three-month extension
to the October 31 deadline from the European Union (EU). The UK PM was bound
by law to issue a letter seeking a delay to Brexit after MPs voted in a historic
Super Saturday Parliament session to delay voting on his motion on a new Brexit
deal. Johnson has previously said he would rather be “dead in a ditch” than miss
the October 31 deadline and had triggered speculation soon after the House of
Commons vote by declaring that he would not negotiate an extension.
Thomas Cook India's domestic leisure business growing at 25%
Travel major Thomas Cook India Ltd (TCIL) has said that its domestic leisure
business is growing at a CAGR of 25 percent, exceeding the rate of growth of its
outbound travel segment. The company does not foresee any major hurdle in
maintaining the growth momentum as it expects that the financial collapse of the
iconic British firm, Thomas Cook PLC will not have any impact on its operation,TCIL
Sr VP (leisure) Romil Pant said.
Shree Cements Consolidated September 2019 Net Sales at Rs 3,004.45
crore, up 5.22% Y-o-Y
Net Sales at Rs 3,004.45 crore in September 2019 up 5.22% from Rs. 2,855.39
crore in September 2018. Quarterly Net Profit at Rs. 310.62 crore in September
2019 up 414.1% from Rs. 60.42 crore in September 2018. EBITDA stands at Rs.
933.89 crore in September 2019 up 53.05% from Rs. 610.17 crore in September
2018. Shree Cements EPS has increased to Rs. 89.16 in September 2019 from Rs.
17.34 in September 2018.
SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore
The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on
November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised
policy on sale of financial assets, in line with the regulatory guidelines, the bank
will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction
notice.
2
HDFC Bank Standalone September 2019 Net Interest Income (NII) at
Rs 13,515.04 crore, up 14.89% Y-o-Y
Net Interest Income (NII) at Rs 13,515.04 crore in September 2019 up 14.89%
from Rs. 11763.41 crore in September 2018. Quarterly Net Profit at Rs.
6,344.99 crore in September 2019 up 26.75% from Rs. 5,005.73 crore in
September 2018. Operating Profit stands at Rs. 11,698.08 crore in September
2019 up 23.4% from Rs. 9,479.95 crore in September 2018.
DCB Bank Standalone September 2019 Net Interest Income (NII) at
Rs 313.36 crore, up 11.18% Y-o-Y
Net Interest Income (NII) at Rs 313.36 crore in September 2019 up 11.18%
from Rs. 281.84 crore in September 2018. Quarterly Net Profit at Rs. 91.41
crore in September 2019 up 24.47% from Rs. 73.44 crore in September 2018.
Operating Profit stands at Rs. 184.53 crore in September 2019 up 26.29%
from Rs. 146.12 crore in September 2018.
Avanti Feeds Standalone September 2019 Net Sales at Rs 832.91
crore, up 50.44% Y-o-Y
Net Sales at Rs 832.91 crore in September 2019 up 50.44% from Rs. 553.65
crore in September 2018. Quarterly Net Profit at Rs. 105.21 crore in
September 2019 up 223.08% from Rs. 32.56 crore in September 2018. EBITDA
stands at Rs. 121.99 crore in September 2019 up 126.45% from Rs. 53.87 crore
in September 2018. Avanti Feeds EPS has increased to Rs. 7.72 in September
2019 from Rs. 2.39 in September 2018.
21 October 2019
Rays Power Infra to invest Rs 1,700cr to set up 450 MW renewable
projects
Solar power developer Rays Power Infra will invest Rs 1,700 crore to set up 450
MW of green energy projects in four major states of the country, a top company
official has said. The company will be selling the energy generated to private and
industrial consumers in the states of Uttar Pradesh, Haryana, Karnataka and
Andhra Pradesh, Rays Power Infra Managing Director Ketan Mehta said.
3
Reliance Industries says on track to produce gas from newer fields by
mid-2020
Reliance Industries Ltd has said that it is on track to start production
from a new gas field in the flagging KG-D6 block in the Bay of Bengal
from mid-2020 even as output from its existing fields continued to fall.
Reliance and its partner BP Plc of the UK had in June 2017 announced
an investment of Rs 40,000 crore in the three sets of discoveries to
reverse the flagging production in KG-D6 block. These finds were
expected to bring a total 30-35 million cubic metres (1 billion cubic
feet) of gas a day onstream, phased over 2020-22.
Two-wheeler exports rise 4% in April-September; Bajaj Auto leads
the pack
Two-wheeler exports rose by over 4 percent in the April-September
period of the current fiscal, with Bajaj Auto leading the segment by
shipping over 9 lakh units to various markets, including Africa and
Latin America, as per latest data by industry body SIAM. Two-wheeler
dispatches, including motorcycles, scooters and mopeds, stood at
17,93,957 units in the first half of the current fiscal, as compared to
17,23,280 units in the same period of 2018-19
21 October 2019
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Top 10 things 21-10-19

  • 2. 1 21 October 2019 TOP 10 THINGS TO KNOW New Brexit turmoil as Boris Johnson sends unsigned extension letter to EU British Prime Minister Boris Johnson was on October 20 branded a “spoilt brat” by the Opposition after he sent an unsigned letter seeking a three-month extension to the October 31 deadline from the European Union (EU). The UK PM was bound by law to issue a letter seeking a delay to Brexit after MPs voted in a historic Super Saturday Parliament session to delay voting on his motion on a new Brexit deal. Johnson has previously said he would rather be “dead in a ditch” than miss the October 31 deadline and had triggered speculation soon after the House of Commons vote by declaring that he would not negotiate an extension. Thomas Cook India's domestic leisure business growing at 25% Travel major Thomas Cook India Ltd (TCIL) has said that its domestic leisure business is growing at a CAGR of 25 percent, exceeding the rate of growth of its outbound travel segment. The company does not foresee any major hurdle in maintaining the growth momentum as it expects that the financial collapse of the iconic British firm, Thomas Cook PLC will not have any impact on its operation,TCIL Sr VP (leisure) Romil Pant said. Shree Cements Consolidated September 2019 Net Sales at Rs 3,004.45 crore, up 5.22% Y-o-Y Net Sales at Rs 3,004.45 crore in September 2019 up 5.22% from Rs. 2,855.39 crore in September 2018. Quarterly Net Profit at Rs. 310.62 crore in September 2019 up 414.1% from Rs. 60.42 crore in September 2018. EBITDA stands at Rs. 933.89 crore in September 2019 up 53.05% from Rs. 610.17 crore in September 2018. Shree Cements EPS has increased to Rs. 89.16 in September 2019 from Rs. 17.34 in September 2018. SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice.
  • 3. 2 HDFC Bank Standalone September 2019 Net Interest Income (NII) at Rs 13,515.04 crore, up 14.89% Y-o-Y Net Interest Income (NII) at Rs 13,515.04 crore in September 2019 up 14.89% from Rs. 11763.41 crore in September 2018. Quarterly Net Profit at Rs. 6,344.99 crore in September 2019 up 26.75% from Rs. 5,005.73 crore in September 2018. Operating Profit stands at Rs. 11,698.08 crore in September 2019 up 23.4% from Rs. 9,479.95 crore in September 2018. DCB Bank Standalone September 2019 Net Interest Income (NII) at Rs 313.36 crore, up 11.18% Y-o-Y Net Interest Income (NII) at Rs 313.36 crore in September 2019 up 11.18% from Rs. 281.84 crore in September 2018. Quarterly Net Profit at Rs. 91.41 crore in September 2019 up 24.47% from Rs. 73.44 crore in September 2018. Operating Profit stands at Rs. 184.53 crore in September 2019 up 26.29% from Rs. 146.12 crore in September 2018. Avanti Feeds Standalone September 2019 Net Sales at Rs 832.91 crore, up 50.44% Y-o-Y Net Sales at Rs 832.91 crore in September 2019 up 50.44% from Rs. 553.65 crore in September 2018. Quarterly Net Profit at Rs. 105.21 crore in September 2019 up 223.08% from Rs. 32.56 crore in September 2018. EBITDA stands at Rs. 121.99 crore in September 2019 up 126.45% from Rs. 53.87 crore in September 2018. Avanti Feeds EPS has increased to Rs. 7.72 in September 2019 from Rs. 2.39 in September 2018. 21 October 2019 Rays Power Infra to invest Rs 1,700cr to set up 450 MW renewable projects Solar power developer Rays Power Infra will invest Rs 1,700 crore to set up 450 MW of green energy projects in four major states of the country, a top company official has said. The company will be selling the energy generated to private and industrial consumers in the states of Uttar Pradesh, Haryana, Karnataka and Andhra Pradesh, Rays Power Infra Managing Director Ketan Mehta said.
  • 4. 3 Reliance Industries says on track to produce gas from newer fields by mid-2020 Reliance Industries Ltd has said that it is on track to start production from a new gas field in the flagging KG-D6 block in the Bay of Bengal from mid-2020 even as output from its existing fields continued to fall. Reliance and its partner BP Plc of the UK had in June 2017 announced an investment of Rs 40,000 crore in the three sets of discoveries to reverse the flagging production in KG-D6 block. These finds were expected to bring a total 30-35 million cubic metres (1 billion cubic feet) of gas a day onstream, phased over 2020-22. Two-wheeler exports rise 4% in April-September; Bajaj Auto leads the pack Two-wheeler exports rose by over 4 percent in the April-September period of the current fiscal, with Bajaj Auto leading the segment by shipping over 9 lakh units to various markets, including Africa and Latin America, as per latest data by industry body SIAM. Two-wheeler dispatches, including motorcycles, scooters and mopeds, stood at 17,93,957 units in the first half of the current fiscal, as compared to 17,23,280 units in the same period of 2018-19 21 October 2019
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