X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Top stories this week… - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • May 12, 2001

    Top stories this week…

    The slow down stems…
    Bajaj Auto Limited has posted a 57 percent decline in net profit to Rs 2,626 million (US$ 56 million) in 2001. The company's gross sales declined by 3 percent to Rs 36,900 million (US$ 785 million) on the back of a 14 percent drop in volumes during the year. The fall in profits in 2001 is mainly attributable to the overall shrinkage of the geared scooter market, which registered a fall of 41 percent to 436,667 units in FY01. Read more…

    Revenue shortfall hits…
    India’s fiscal deficit for the fiscal year 2000 has increased to 5.3 percent of Gross Domestic Product (GDP) as against the budgeted target at 5.1 percent of GDP. The 0.2 percent slippage is primarily on account of a shortfall in receipts by around Rs 90 billion (US$ 2 billion). Out of this, Rs 80 billion (US$ 1.7 billion) is because of revenue shortfall and about Rs 10 billion (US$ 0.2 billion) due to shortfall in disinvestment proceeds. Read more...

    The growth story…
    HDFC has reported a 18 percent jump in net profits for the year ended March 2001 to Rs 4,737 million (US$ 101 million). The company's topline however, grew at a slower pace of 18 percent. Operating margins also improved by 30 basis points to 28.9 percent for 2001. HDFC's approvals during the year grew by 30 percent to Rs 69 billion (US$ 1.5 billion) and disbursements by 29 percent to Rs 58 billion (US$ 1.2 billion). Read more...

    The Bharti spree...
    Bharti Enterprises has received an equity investment of US$ 460 million from Singapore Telecom, Warburg Pincus, Asian Infrastructure Fund and International Finance Corporation. This is supposed to be the largest foreign direct investment in the Indian telecom sector. The aggregate investment of Singtel and Warburg Pincus, two of the majority partners in Bharti, has risen to US$ 650 million and US$ 300 million respectively. Meanwhile, Bharti also has plans to tap the primary market to mobilise close to US$ 200 million. Read more...

    The gateways are open…
    The government has raised the Foreign Direct Investment (FDI) limit in some of the key segments that include defence, pharmaceuticals, telecom, infrastructure, hotels and tourism. The government has permitted an automatic FDI route for drugs, pharma, hotels, tourism and courier services to 100 percent. Besides, FDI limit in the banking sector has also been raised to 49 percent from 20 percent earlier. Read more...

    VSAT norms announced…
    The government has announced the guidelines for Very Small Aperture Terminals (VSAT) service providers for operations in KU band. The players not only have to pay an entry fee of Rs 3 million (US$ 0.1 million) but have to also pay 10 percent of revenues as annual license fee. The license would be granted on a non-exclusivity basis for a period of 20 years, which is extendable further by 10 years. Read more...

    Another diversification…
    Mahindra & Mahindra (M&M) and Tata Engineering (Telco) are planning major forays into the defence equipment sector following the Union Cabinet’s decision to open up the defence sector to both the domestic as well as the international players. While M&M has plans to enter this segment through its division, Mahindra Defence Systems, Telco and Larsen & Toubro have yet to finalize any concrete strategies. Read more...

    Maruti consolidates…
    Maruti Udyog Limited, the market leader in the passenger car segment, has devised a four-pronged strategy to bring back the company into profits in fiscal year 2002. This includes introduction of new models, increasing car prices, increasing the local content across all the segments and a new human resources policy to motivate employees. These strategies in the first month of the current year seem to have paid off with the company gaining market share across all segments. Read more...

    Depreciation rates hiked…
    The government has raised the rate of depreciation on new commercial vehicles from 40 percent to 50 percent for vehicles acquired after 1st April 2001. Besides, the deprecation rate for textiles and shipping companies has also been raised to 50 percent and 25 percent respectively. The increase in depreciation rates for textile and shipping companies is expected to boost investments. Read more...

     

     

    Equitymaster requests your view! Post a comment on "Top stories this week…". Click here!

      
     

    More Views on News

    Tejas Networks Ltd. (IPO)

    Jun 14, 2017

    Should you subscribe to the IPO of Tejas Networks Ltd?

    Discover the Secrets of Hidden Smallcaps From These AGMs (The 5 Minute Wrapup)

    May 26, 2017

    Don't be surprised to come across some Super Investors there!

    A Trader's Nightmare. A Business Owner's Delight. (The 5 Minute Wrapup)

    May 19, 2017

    Not all small-cap investors see themselves as traders. Some see themselves as business owners.

    Securities & Intelligence Services Ltd. (IPO)

    Jul 31, 2017

    Should you subscribe to the IPO of Securities & Intelligence Services Ltd?

    Why Super Investors are Underperforming in This Market (The 5 Minute Wrapup)

    Jul 8, 2017

    If Super Investors can wait for the right pitch, so can you.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    MARKET STATS