Morning Calls
CAG Audit Finds Half of IFCI Loans In Violation of Norms. Thirumalai Chemical – good results continue Income up 47% EBIDTA up 56% Margin at 17.7% Vs 16.7% PAT up 65% at 33 cr Tata Sponge – solid results Income up 61% EBIDTA up 372% EBIDTA margin ex –excise...Morning Calls
Wipro approves share buyback at Rs 320/share. Wipro to spend Rs 11,000 cr in share buyback. Wipro to buy back up to 343.75 mn shares or 7% of the fully paid up equity capital of the company. ADANI POWER: Plans to set up a 150 MW wind power park on the sea shore close...Morning Calls
Jio seeks zero interconnection charge while rivals seek hike: Reliance Jio has proposed that interconnection usage charges should be zero, while rivals Airtel, Idea, and Vodafone sought to raise them. In a meeting with TRAI, incumbents pitched for doubling of charges...Morning Calls
Aurobindo Gets US FDA Approval For Sevelamer Tablets, Sevelamer Is Used To Treat Chronic Kidney Diseases. TATA POWER CO: Plans to invest around $90 mln in equity capital in itsrenewable energy arm Tata Power Renewable Energy as the company seeks to develop its...Morning Calls
India raises tax on cigarettes. Bad for #ITC #Godfryphlp Casino policy will be passed in monsoon session: Manohar Parrikar. Stock to watch #Deltacorp #Mhril BRITANNIA INDUSTRIES: Is keen to expand its dairy business, which contributes 5-6% to its annual turnover....
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