Larger revenue emergence along with absence of enormous operational margins is the same story shared by IRB infrastructure and IL & FS Transportation Networks (ITNL), India’s biggest road toll operators, post their March quarter performance. IRB Infra announced its revenue at Rs.1,537 crore after market hours for the fourth quarter of 2015-16 which is way […]
HAM projects by government making sensation in Development Industry
The recently sanctioned hybrid annuity model (HAM) for road projects have engaged developers in serious bidding for each of the five projects announced during January – March. Under these proposals the government, to enable investments and executing stranded road projects, is going to contribute for 40% of the total cost and would then release the […]
Anand Rathi Financial Services Amit Rathi revealed success mantra for family businesses
In any business situation that begins with a dilemma and could cascade through the “Five Ds to Disaster”, such commandments might be highly relevant, says Amit Rathi, Managing Director of Anand Rathi Financial Services. Amit adds, “Identifying these five Ds – dilemmas, deviations, differences, disputes, and destruction – and addressing them is the substance and […]
NSEL Row: HC orders defaulting firms to deposit Rs 157.5 crore
In the National Spot Exchange Ltd (NSEL) case, the Bombay High Court on Wednesday (February 3) ordered the defaulting companies to deposit a sum of Rs 157.5 crore within a month. The order has come as a relief for NSEL. Based on admissions of liability made by defaulting trading members a division bench directed them […]
Budget 2016 will empower the end consumer, says Micromax co-founder Rajesh Agarwal
The Union Budget 2016-17 has brought about a major positive change in the overall growth which has accelerated to 7.6% and in the CPI inflation which has come down to 5.4%. However, its impact in the execution is yet to be seen. Talking about the Budget, Micromax co-founder Rajesh Agarwal highlighted that the Union Finance […]
Alliance Group Builders highlighting best of Union Budget 2016- real estate
The after-effects of Union Budget 2016 representation can still be found in the air as every industrialist has a say in it. The reactions by them, was expected as the Budget itself has acknowledged every sector needs and tried its best to strengthen the foundation of a developing Nation which is proceeding towards the aim […]
Good money to be made if you are long-term greedy, says Amit Rathi of Anand Rathi Brokerage
The market has been under strain since last few years. There have been various serious indications towards a revival but the constant financial fluctuations and various global impacts have made the situations a tad hard. But now, the revival seems impending, says Amit Rathi, M.D of Anand Rathi Brokerage. He says that the next 3-6 […]
Goods and Bads of Real Estate Regulation and Development Bill
With Rajya Sabha Select Committee’s approval of Real Estate Regulation and Development Bill, a huge number of people have a reason to celebrate as buying a dream home will not be a dream anymore. The realty sector is looking at this Bill with high hopes that the industry will flourish with regulated sectors if policies […]
Investment advice by finance guru Rakesh Jhunjhunwala of Bilcare
After investing in upto 100 companies throughout his life, Rakesh Jhunjhunwala finally revealed the reason behind his success in the trading and investment sector which includes his 84 companies’ analysis over the past decade where he still holds at least 1% stakes. There are only 9 corporate houses where he holds major stakes since 2005. […]
Quashed by SC in 2011 RBI’s NBFC Ban Order on Sahara Effective Now by Mutual Consent
As RBI has recently announced the cancellation of NBFC licence of Sahara India Financial Corp Ltd, the group says that the decision was mutually agreed upon and is in no way a blow for Sahara. The group has called it a “momentary constraint” which can be overcome as soon its bank accounts and properties are […]