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Top stocks in focus on 26 October 2017

Here is a list of top stocks that are likely to be in focus in today's trading session.

Brookfield set to buy majority stake in Reliance Communication towers; Anil Ambani to stay on as minority partner

Sources say, valuations have already been revised from an earlier Rs 21,500 crore, Brookfield is valuing the portfolio at around Rs 16,500 crore – Rs 19,500 crore.

Doha Bank ties up with Anil Ambani's Reliance Group

Doha Bank today said it has tied up with Reliance Group to generate business opportunities in the Gulf Cooperation Council nations and India.

Reliance Communications to shut its DTH business

A company spokesperson said it was working with other operators for migration of its customers. A new scheme without any additional costs will be offered to customers, it said.

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India's second biggest software company, Infosys will report its quarterly numbers today.

Telecom department approves RCom-MTS merger

The deal, which is valued at Rs 5,000 crore, would provide RCom with 3.75 MHz of highly valuable spectrum in 850 MHZ band in 9 telecom circles.

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Airlines offering in-flight Wi-Fi services are forced to switch off the facility the minute an airplane enters Indian airspace.

Birla Corp completes acquisition of Anil Ambani's Reliance Cement at Rs 4,800 crore

The acquisition will provide the company with ownership of modern plants and take its cement production capacity to 15.4 million tonnes per annum.

Likes of Ambani, Singhania taken to task by rise of minority investors

Until recently, minority shareholders in India rarely clashed with management.

Shapoorji Pallonji, Liberty House, M&M in race to buy ABG Shipyard

All three have separately bid for assets with offers between Rs 3,000cr - 3,500cr, under which lenders will have to take a haircut of around 70% on the co's total outstanding debt.

India's Reliance Nippon Life AMC IPO seeks to raise up to $237 mln

RNLAM's IPO seeks to raise up to 15.42 billion rupees ($236.7 million) with the company on Thursday setting a price range of 247-252 rupees per share.

Billionaire Kumar Mangalam Birla may tap financial markets as India's telecom wars worsen

Indian mobile operators have seen revenue plummet and debt soar after launch of Reliance Jio.

Reliance Nippon Life IPO gets Sebi go-ahead

Reliance Nippon Life Asset Management Ltd has received the go-ahead from Sebi for its estimated Rs 2,000 crore initial public offer.

NCLT to consider November 2 admitting TechM insolvency petition against RCom

The IT company had filed an insolvency petition for a recovery of Rs 8.2 crore from the Anil Ambani owned telco and its two units, few days after Rcom’s deal with Aircel was called off.

Reliance Infrastructure signs agreement to transfer its WRSSS business to ATL

Reliance Infrastructure has signed a business transfer agreement for transfer of WRSSS, the company said in a statement.

GTL Infra up after lenders block Reliance Cap arm from bidding

The scrip touched its fresh 52-week high of Rs 8.60 on July 27, 2017 and its 52-week low of Rs 3.28 on November 18, 2016.

RCom debt may translate into 50% haircut for banks: Goldman Sachs

Banks face the prospect of haircuts or `loss on defaults' of up to 50% on Reliance Communications' debt, according to Goldman Sachs.

Tower operators reducing service to Reliance Communications

The telco has mooted alternate plans which include sale of towers, fibre, spectrum, and real estate assets, which could generate over Rs 25,000 crore that could be used to repay lenders.

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RCom says applies to withdraw towers spin-off plan

RCom has told Indian media it is holding talks with the Canadian company to now sell all of the tower unit.

Top stocks in focus on 4 October 2017

Here is a list of top stocks that are likely to be in focus in today's trading session.

Rcom debt restructuring to be further delayed after Aircel merger collapse: Moody's

Shares of Rcom fell nearly 13% to a record low, amid investor concerns over the Anil Ambani-owned carrier’s to repay debt after the collapse of its merger deal.

High debt to limit Reliance Communications' ability to renew spectrum: CLSA

"High leverage will limit RCom's ability to buyback spectrum in auctions in 2021. This could drive a sharp drop in its 2G revenue coverage and potentially hit revenue," the brokerage firm said.

RCom's debt-repayment plan hits snag as Aircel deal collapses

Widely known as RCom and controlled by wealthy businessman Anil Ambani, the company is saddled with net debt of about $6.8 billion.

Reliance Infra shares rise as four players show interest in Mumbai power biz; retreats

The sale may help the Anil Ambani group repay around 70 per cent of the Rs 20,000-crore debt with the company.

Anil Ambani joins Swachh Bharat drive

Modi had named nine celebrities, including Ambani, cricketing icon Sachin Tendulkar and film stars Salman Khan and Priyanka Chopra, to take the initiative forward.

Reliance Communications puts four senior executives on its board

With the Reliance Communications-Aircel merger being called off, where does the Anil Ambani-owned telco stand?

Reliance Infra eyes Rs 14,000 crore from sale of Mumbai power business

The distribution business covers around three million households with annual revenues of around Rs 7,500 crore.

Reliance Communications adds 4 new Board members from its top management

Reliance Communications (Rcom) added four of its senior management to its Board on Monday, a day after it decided to call off its merger with Aircel.

Anil Ambani's Reliance Defence Systems Private Limited applies for CII membership

Ambani’s newly created entity Reliance Defence Systems Private Limited has applied for a CII membership and that the process to scrutinize its records is on.

RCom calls off Aircel merger; blames legal uncertainties, policy directives for delay

Anil Ambani-led co said it expects to monetisation tower, fibre and real estate assets along with optimisation of spectrum assets to reduce Rs 25,000 crore debt.

Banks to meet next week to help RCom cut debt

Bankers are worried that they may be forced to take the case to the National Company Law Tribunal for bankruptcy proceedings like the other 12 big cases.

Government should help resolve hyper-competition, debt issues after RCom-Aircel deal collapse: Experts

Major telcos have already sought larger relief from the govt, which on Friday increased the period to payback the installments to 16 yrs.

Sun TV accuses government of being partial to Anil Ambani group

Kalanithi Maran-controlled Sun TV Network has accused the Union government of favouritism by pointing that Anil Ambani Group were cleared despite similar charges in the 2G case.

Tussle at Reliance Group AGM

Ambani said although all shareholders were to be respected, Mehta who may have shares of the group firms in single digits filed petitions in Bombay HC on various charges.

NCLT to hear Ericsson's insolvency petition against RCom on October 6

First round of talks between Ericsson and RCom have been inconclusive, with the Swedish equipment maker sticking to its stand on dragging the firm through a bankruptcy process if dues not paid.

Reliance Infra to raise stake in Reliance Naval via rights issue

Reliance Infrastructure is engaging with Japanese companies with the intention of participating in India’s ambitious Rs 1 lakh crore-bullet train project.

Reliance Power aims financial closure for $1 billion Bangladesh unit

The Anil Ambani-led company is setting up this plant by relocating equipment procured for its planned power plant at Samalkot in Andhra Pradesh that was stranded due to lack of gas.

Brookfield in driver's seat to buy out Anil Ambani's road assets for Rs 8000 crore

Reliance is among the largest concessionaires of National Highways Authority of India (NHAI) with concession periods ranging from 18-30 years.

Sachin Tendulkar and Akshay Kumar to be part of PM Narendra Modi's 'Swachhta' campaign

Actress Anushka Sharma is also one of the celebrities who has agreed to undertake 'shramdaan'.

What changed your market while you were sleeping

Shares of Matrimony.com will be listed on the Bombay Stock Exchange in the list of 'B' Group of securities on Thursday.

Looming bankruptcy: Ericsson stays firm, seeks dues from Reliance Communications

Ericsson said it expected Rs 550 crore to be paid upfront because RCom had promised them that amount in different stages of the process but failed to live up to it.

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Lenders to decide action plan on Reliance Naval loans soon

The firm has missed payments to lenders for the last two and a half months.

Reliance Communications Gujarat subscribers to shift from 2G to 4G

"We wish to inform that the company has initiated migration of its customers in Gujarat circle to an all 4G network," the company said.

RCom slips 2% as Ericsson files insolvency case

Ericsson India is seeking a total of Rs 11,55 crore from RCom and its two units.

Anil Ambani-led Reliance Group applies for licences in defence, aerospace sectors

Reliance Technologies has applied for manufacture of weapons and ammunition; Reliance Propulsion Systems for spacecraft, launch vehicles and satellites.

Reliance Communications to pick one from nine companies to develop Dhirubhai Ambani Knowledge Complex campus

The DAKC property will be transformed into an “integrated smart complex, with fresh office space, retail and residential facilities in partnership with a co-developer.

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Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billion

Hong Kong-headquartered CLP has also held discussions with Reliance, said a company official on condition of anonymity, but Greenko is believed to be the front-runner.

Anil Ambani-led RCOM and Aircel may complete $6-billion merger by July

The deadline for exclusive negotiations was extended by a month until June 22 and executives are confident of sorting out outstanding issues within the next four weeks.

Soccer-Watford strike late to hold shaky Liverpool to thrilling 3-3 draw

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NCLT to decide on RCom-Aircel merger on August 14

The merger could set the ball rolling for a sale of RCom’s stake in its tower unit to Canada’s Brookfield. Together, the deals could reduce its debt by even 60 per cent.

Zee Media Corporation in advanced talks to buy BTVi

A spokesman for Anil Ambani’s Reliance Group declined to comment when asked about the talks. A Zee Media spokesperson said the news is incorrect, when asked.

Future group, Anil Ambani companies are high-risk, high-return ideas: Amisha Vora, Prabhudas Lilladher

Future and Anil Ambani groups are deleveraging themselves substantially, and therein lies a risk element and some of these companies can give good returns

Reliance Group's IoT arm ties up with China's Fibocom

The alliance will be for designing and manufacturing wireless modules and providing IoT solutions to enable secure communications among machines.

Buy Reliance Capital Ltd. target Rs 711: Siddharth Bhamre

Buy Reliance Capital Ltd. at a price target of Rs 711 and a stoploss at Rs 664 from entry point.

How Reliance Group Chairman Anil Ambani is readying his companies to target big-ticket defence projects

These days, the Reliance Group boss spends more than 70% of his working hours on what is seen as a sunrise sector for Indian industry.

Reliance Communications asks government panel to relax rules

The inter-ministerial group has been set up by govt to look into the financial health of the telecom sector, which is dealing with debt of nearly Rs 5 lakh cr.

Reliance Infrastructure gets go-ahead for $1-billion aerospace park

The board of approval for special economic zones in the ministry of commerce has given its approval to the proposed aerospace park spread across 289 acres at Mihan near Nagpur.

​$10 billion market cap club gets bigger

n 2007, there were only 7 groups existing with a marketcap of more than $10 billion.

Mukesh, Anil Ambani, Amitabh Bachchan pay homage to industrialist Bhadrashyam Kothari

Kothari, 53, was popularly known as Shyam Kothari among business circles. He breathed his last in Houston in the US where he had gone for treatment.

Reliance Communications blames Jio’s free offers for sector’s financial stress

RCom said that a combination of intense competition, price war and aggressive bidding for airwaves has resulted in rapid deterioration of the industry.

Anil Ambani-led Reliance Group clarifies on role in corporate espionage allegations

The work station of only one specific Reliance Power employee was searched, and no incriminating material of any kind was found.

Defence sector 'hamstrung' by fears of regulatory censure: Anil Ambani

Ambani suggested a Sovereign Defence Fund on PPP model, while he also sought infrastructure industry status to aerospace to pave way for easier credit.

Madhusudan Kela quits as chief investment strategist of Reliance Cap

Late in 2010, Kela moved to the fund's parent amid various speculations.

Debt-hit RCom seeks to give up Rs 340 crore worth spectrum

The move, if allowed by the government, will also enable the debt-laden company to escape paying the instalments towards the purchase of spectrum that it now wants to surrender.

Amfi sees MF industry's AUM crossing Rs 94 trillion by 2025

The mutual fund industry is likely to grow by almost five fold to sniff past Rs 94 trillion by 2025 from the current level of over Rs 20 trillion.

Amfi sees AUM crossing Rs 94 trillion by 2025

The industry lobby Amfi has pointed out that to achieve this, the industry needs to increase their distributor strength to over 6 lakh from the present 86,000.

Anil Ambani's Reliance Group forays into defence manufacturing sector

The group has set up Reliance Defence and Aerospace as a wholly owned unit of Reliance Infrastructure Ltd, and named Rajesh Dhingra as its head.

Telecom woes: IMG to submit policy recommendations in July

The IMG was set up on May 16 to examine issues that are affecting viability and repayment capacity of telecom companies.

Must protect officials making decisions: Anil Ambani to Devendra Fadnavis

Ambani told Devendra Fadnavis he was speaking of a system in which the CM's "team players are protected from the CVC, CBI and CAG."

Tata Teleservices seeks to recast Rs 32,000 crore debt

According to sources, TTSL has sought an extended maturity of 20 yrs for repayments, and a request for a fresh loan of Rs 5,000 cr for its operational & capex needs.

Government, TRAI discuss policy; IMG brainstorms on telcos' demands

According to sources, the high-level meeting was held to discuss regulatory and policy issues in the sector and expedite the Bharat Net project.

Companies warn cut-throat telecom tariffs may lead to bloodbath

Jio has disrupted the sector with free voice and low data rates, leading to a tariff war that has worsened the financials of the debt-laden industry.

Reliance Defence inks partnership with Serbia's Yugoimport to target opportunities of Rs 20k crore

Two companies will work together in the field of ammunition amongst others, with projected minimum requirement of Rs 20,000 crore over next 10 years from Indian armed forces.

Business magnate Anil Ambani champions the mismatched shoe style at the Mumbai marathon

At Mumbai Marathon, when the Reliance Group chairman sported different-coloured running shoes, one red, the other blue, on Sunday, it grabbed eyeballs.

Top stocks in focus on Thursday, 15 June 2017

IOC, BPCL and HPCL signed an agreement to jointly set up the world’s largest refinery.

'Mommy, Ambani broke my business!' Or was it something else, Mr Mittal, Mr Birla?

Mommy will wipe the billionaires' tears, but with a small, wet handkerchief.

Cabinet may consider Brookfield’s plan to buy RCom’s stake in Reliance Infratel next week

RCom, which has defaulted on its loan servicing obligations with more than 10 local banks, also hopes to complete its deal to merge wireless business with Aircel.

Anil Ambani meets Delhi Lt Governor

Anil Ambani is understood to have discussed the CAG audit of two power distribution companies of Reliance Infra ordered by previous AAP government.

Telecom industry leaders to meet Arun Jaitley, Manoj Sinha on June 22

Tata Sons Chairman N Chandrasekharan is also learnt to have confirmed his participation, while Reliance Jio Chairman Mukesh Ambani is yet to confirm his presence for the meeting called by Sinha.

Reliance Communications rejects Moody’s, Fitch rating downgrades

“In actual fact, the same (pact with lenders) directly addresses their (ratings agencies) key concerns about the short term liquidity situation,” the telco explained.

Gujarat consumer court disposes of case against Anil Ambani

A bench headed by the Surendranagar District Consumer Disputes' Redressal Forum (DCDRF) President S K Pandya cancelled the bailable warrant yesterday.

View: Bull run and testing times for smart fund managers

After 3.5 years of bull run, D-St participants are taking a more conservative approach.

Moody's, Fitch slash RCom ratings again

"Moody's Investors Service has downgraded RCom corporate family rating and senior secured bond rating to Ca from Caa1. The outlook is negative," Moody's said.

Sensex, Nifty50 end at record high; TCS, Bajaj Auto up 2% each

Besides TCS, infra major L&T and ICICI Bank were the other two major contributors to the gains.

I was mistaken for a Sindhi in college: Anil Ambani

Ambani is an alumnus of KC College, which is holding its diamond jubilee celebrations.

RCom shares surge on extension to service debt

RCom will also present plans for sustainable long-term servicing of its remaining debt of Rs 20,000 crore.

Fifteen stocks in focus on Monday, 5 June 2017

Andhra Bank and Allahabad Bank have put up for sale nearly Rs 6,000 crore of bad loans

Telecom industry's cash deficit at Rs 1.2 lakh crore: Reliance Communications

With annual interest payments, loan re-payment obligation, spectrum-related outgo and capex expected to add up to a Rs 1,62,000 crore tab.

Relief to Anil Ambani group discoms in Delhi

The apex electricity tribunal today directed Delhi's power regulator DERC not to take a final decision on revoking their licenses without its permission despite a recommendation by Delhi Chief Minister Arvind Kejriwal in this regard.

Govt extends term of Attorney General, senior law officers

The Additional Solicitor Generals who have been given extension for an indefinite period, are Pinky Anand, Maninder Singh, P S Patwalia, Tushar Mehta and P S Narsimha, it said.

Arvind Kejriwal attacks Anil Ambani on power controversy

Chief Minister Arvind Kejriwal today attacked ADAG chairman Anil Ambani whose group operates two power distribution companies in the city.

Market awaiting direction from RBI and the rain gods

The biggest fear for the market now is how efficiently the GST regime gets implemented.

Banks give Reliance Communications seven month window to escape debt trap

Anil Ambani sought to assuage investor concerns on RCom's financial situation after a delay on some interest payments and a downgrade of debt ratings by several agencies amid a crash in the stock price.

Moody's lowers RCom unit GCX's bond rating

Last Saturday, RCom posted its first ever annual loss since its inception - of Rs 1,285 crore.

Anil Ambani to enhance investment in Madhya Pradesh

The Anil Dhirubhai Ambani Group will enhance its investment in Madhya Pradesh in the next few years taking the total investment to around Rs 50,000 cr.

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