FY14
Eighty-one companies in India borrowed Rs 43,147 crore through private placements in the first quarter of FY15. This figure is 55 % less than what they did the corresponding quarter of FY14 (Rs 96,186 crore). PSUs (Public Sector Units) did not borrow through this route at all as against Rs 8,568 crore they did in [...] Continue Reading »
Arun Jaitley, the finance minister did the curtain raiser for the budget though the Economic Survey FY14 in the Parliament. The government is all set to provide boost to the farming sector, infrastructure financing, energy and taxation. Leading by example, Jaitley may announce a central goods and service tax (CGST) that combines excise duty and service [...] Continue Reading »
India’s biggest real estate firm DLF has revealed in its latest financial report that it witnessed a 7 percent increase in sales bookings, to Rs 4,070 crore, in the last fiscal year which ended in March 2014. In comparison, in the previous fiscal year which ended March 2013, the company’s sales bookings had increased Rs [...] Continue Reading »
The real estate company’s stock rose by 64% in the last month, since the company’s performance was affected by anticipation of economic development. Goldman Sachs analysts say that better project executions and affordable valuations have made it the preferred stock. Standard Chartered analysts note that there has been a major improvement of main project executions [...] Continue Reading »
NHAI is a lot more optimistic about FY15 after a dismal FY14, in which approximately 1,400 km of expressways were awarded for construction, and hopes to get back to levels seen in FY12, reports sources in New Delhi. However, NHAI’s commentary is pessimistic and it says projects in the EPC mode are dependent upon it [...] Continue Reading »
