Torrent to acquire Unichem’s India, Nepal businesses for Rs 3,600 crore

Torrent's fifth acquisition in India after acquiring the selected brands of Elder and Novartis, as well as manufacturing plants from ZygPharma and Glochem Industries Ltd. in the last four years. Unichem's India business comprises of a portfolio of more than 120 brands in India and Nepal, manufacturing plant at Sikkim catering to these markets and all the employees engaged in the said business.

LIC ups stake in colgate palmolive India to over 7%

Life Insurance Corporation (LIC) of India has acquired 2.021% stake in FMCG( fast moving consumer goods ) firm Colgate Palmolive India through open market purchase, taking the total holding in the company to 7.037%. The Insurance behemoth earlier had 5.016% stake in Colgate Palmolive India,the FMCG company said in a regulatory filing. LIC has acquired additional 54,97,334 shares in the company and now has 1,91,40,291 shares. It earlier had 1,36,42,957 shares in Colgate Palmolive India.

Vedanta profit up 43% in Q2, Revenue up 37%.

Vedanta profit up 43% in Q2. Revenue was 21,590 crore, up 37% from a year before. " Key contracts on our announced oil& gas projects are at advanced stages of being awarded and the next two quarters will see an increased trend of protection from this business" Kulidip kaura, chief executive. Free cash flow of 3,280 crore in the September quarter Gross debt reduced by 11,466 crore to 55,798 crore.

SBI extends Rs 2317 crore for 43 solar power projects

The seven companies include Adani Group, JSW Energy, Hinduja Renewables, Tata Renewables Energy, Azure Power. Cleantech Solar and Hero Solar Energy. The bank has outstanding loan of Rs 12000 crore to solar energy projects and bad loans are negligible in this sector. Aggregate capacity of 475 mw by availing a line of credit from World Bank. Rajnish kumar chairman.

Jaguar-Land Rover (JLR) expects 4,500-unit volume-mark this fiscal year and increase market share to...

It had already sold 2,942 units in the first nine months of 2017 and expects to touch its target. Last year with a volume of under 2,500 units, we had 8-9 per cent of the market pie told Suri JLR Managing director.The 34,000 units per annum in 2016 luxury car market was dominated by the German trio Mercedes-Benz, BMW and Audi, respectively -- and JLR comes at a distant fourth slot.

Mutual funds growing at rate of 15 per cent: Kotak Mutual Fund

“Mutual funds are growing at a rate of 15 per cent annually in the country,” KMF National Head. The Systematic Investment Plan (SIP) is gaining immense popularity among investors. SIP has been a key focus area at KMF. Our SIP books have grown almost 10 times in the last three years. “Indian mutual fund industry is in a growth phase with investors willing to test equity mutual funds. The Systematic Investment Plan (SIP) is gaining immense popularity among investors as an efficient tool for regular and disciplined investments. With SIP, one need not worry about market volatility or timing of market,” he said.

Dilip Buildcon to sell road assets to Shrem for ₹1,600 crore

Dilip Buildcon Ltd, a Bhopal-based road developer, has announced the sale of 24 road assets of a total project value of ₹10,500 crore to the Chhatwal Group.The deal, which could emerge as one of the largest in the sector, is estimated at ₹1,600 crore.The road developer has invested a total of ₹682 crore (both in equity and debt) while ₹841.6 crore is yet to be invested.

Reliance Industries touches ₹6 lakh crore in market capitalisation

Reliance Industries is the first Indian company to touch ₹6 trillion market-cap. RIL stock got a further push as Jio, its telecom arm, recently hiked tariffs earlier than anticipated. The stock added nearly ₹3 trillion market-cap since April after its telecom arm Reliance Jio started charging its customers.

Ashok Leyland to invest 400-500 crore on Electric Vehicles

Ashok Leyland is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years.“We are preparing ourselves for the electric vehicle movement that is going to happen over the next five to 10 years… it’s a question of survival… so (we will invest) at least Rs 400-500 crore over the next three to five years,” Managing Director Dasari said.

Expect home loan segment to grow by 35-40% for FY18: Indiabulls Housing Finance

76 percent of the home loan market is now below Rs 25 lakh and our average ticket size as a company for home loans is Rs 24 lakh said Gagan Banga, Vice Chairman & Managing Director. Continue to grow at between 35 percent and 40 percent and book will grow by around 30-31 percent and home loan specifically will grow between 35 percent and 40 percent, said Banga. ( Moneycontrol )

Aim to triple revenues in 5-6 years: Havells

Confident of tripling revenues by FY20 to about Rs 20,000 crore in the next 5-6 years through both inorganic and organic play said Anil Rai Gupta, CMD, Havells. He said GST contracted demand for most of their segments and this sluggishness could continue in Q3 as well. we believe that we have either retained or gained market shares in every category said

BSE Ltd is expected a total cash turnover to post 15% CAGR over FY17-20E...

NSE has market share of ~100% in the derivatives segment, and ~84% in the cash segment. BSE has been losing market share in the cash segment to NSE since 2006, but this has now stabilised in the last 3-4 years. In FY17, BSE had ~16% market share in the cash market. BSE/NSE cash turnover increased at CAGR of 5.5/13.2% over FY05 FY17 respectively. The Central Depository Services Ltd (CDSL) is the 2nd largest depository in India, with 44% market share. BSE holds 24% stake in CDSL. EBITDA has witnessed 22% CAGR over FY13-17 . CDSL revenue/EBITDA/PAT to increase at CAGR of 19/23/17% over FY17-20E.