Some companies likely post their financial results today, 31 May 2017, that include Castrol India, Bombay Potteries & Tiles and Raghav Ramming Mass among others.
Indian Hydropower generation company, NHPC Limited reported a standalone net profit at Rs 168.42 Cr, in the quarter ended March 31, 2017, as against Rs. 245.48 Cr, in the corresponding quarter of last year.
The second largest airline company, Jet Airways, has reported 95% decline in consolidated net profit at Rs. 23.00 cr, for the quarter ended March 31, 2017, on account of to higher fuel prices and lower fares. In the same quarter of Last year, the company had reported a net profit of Rs 426.00 Crore.
The leading Steel company, Steel Authority of India Ltd (SAIL India) has reported a net loss of Rs. 771.3 cr, for the Q4FY17, as against Rs 1184.64 Cr, in the corresponding quarter of the last year.
Gitanjali Gems has posted a consolidated net profit of Rs 5.14 crore for the quarter ended March 31, 2017, on higher income, versus a net loss of Rs 23.24 Cr, in the corresponding quarter of the previous year. Net income went up to Rs 5,544.64 Cr, in the Jan-March quarter of 2016-17 financial year from Rs 4,282.73 Cr, in the year-ago period.
This entry was posted in Commodity Market, Currency Market, Equity Market, new IPO, NEWS Update, Option Market, Services and tagged /share market tips, bse nse tips, free stock tips, future and option tips, Future and Options tips, hot stock tips calls, Investment Advisory, Money Maker Research, nifty tips, nifty trading tips.
Securities and Exchange board of India (Sebi) has issued a new framework for listing of NCDs (non-convertible debentures) and NCRPs (Non-convertible redeemable preference shares) following mergers and acquisitions (M&As). A listed company may seek listing of NCDs/ NCRPs issued pursuant to a scheme of arrangement only in case where the listed company is a part of such scheme and such securities are issued to the holders of specified securities of such listed entity, as per Sebi circular.
Only the NCDs/NCRPs issued to listed specified security holders will be eligible for seeking listing. However, if the same series of securities are also allotted to other investors, such securities would not be eligible for listing. A scheme of arrangement is a court approved agreement between a company and its shareholders/creditors. The minimum term of such securities would be one year.
Sebi has earlier streamlined regulatory framework for scheme of arrangement like merger and acquisitions by listed companies to check any possible evading of norms and prevent firms from seeking direct approval of National Company Law Tribunal for such deals.
This entry was posted in Base Metal + Energy, Commodity Market, Currency Market, Equity Market, Future Market, MCX Gold Live Updates and Trading Tips, new IPO, NEWS Update and tagged bse nse tips, Equity Market, free stock tips, future and option tips, Future and Options tips, hot stock tips calls, Investment Advisory, Money Maker Research, NCD, nifty tips, SEBI, SENSEX.