Strong cash flows from Madura and other apparel brands will help Pantaloon’s business to grow which is struggling with cash flows for growth.
Sesa Sterlite, also known as Vedanta and one of the leading mining companies in India, reported weak numbers across businesses for the March 2015 quarter.
In the global steel market, when steel capacities are in excess to demand, companies with the higher cost advantage are the most competitive.
There’s no one answer to that as yet but a recent arbitrage opportunity serves to illustrate the intriguing possibilities that arise in such a situation.
The mid-cap indices on both the BSE and the NSE have been hitting new all-time highs for the past 3 days while the Nifty smallcap index is at a 7-yr high.
According to the data released by the commerce ministry, the monthly steel imports have been over 1 million tonnes for the last few months and are rising.
ETIG has identified some of the companies that may see a potential separate listing of the smaller or less profitable businesses.
These would include makers of explosives and detonators for the mining industry, as well as mining equipment and commercial vehicle manufacturers.
A merger will facilitate the launch of new products like options and indices’ trading as well as participation by banks, MFs and FIIs.
Lack of fresh triggers post Budget, mixed view on future rate cuts, and tight liquidity in March led traders to book profits.
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