Live now
IST | Source: Moneycontrol.com
Presented by
Days hours minutes
Presented by :
Co-Presenting Sponsor :
Powered by :
Associate Sponsors :
Presented by
Co-Presenting Sponsor :
Powered by :
Associate Sponsors :
Name*
Email*
Contact No.*
City
I have read and accepted the Terms and conditions and the Privacy policy.
Thank you for registering.
Respective broker representative will reach you shortly.
highlights
FPIs net inflow at Rs 8,700cr in capital mkts in Jan so far
Overseas investors have put in a whopping Rs 8,700 crore in the Indian capital markets this month so far on expectation of recovery in corporate earnings and attractive yields. This follows an investment of Rs 2 lakh crore in the capital markets (equity and debt) in the entire 2017. According to the depositories data, FPIs infused in a net amount of Rs 5,769 crore in equities and Rs 2,940 crore in the debt markets during January 1-19 - translating into a net inflow of Rs 8,709 crore.
FPIs net inflow at Rs 8,700cr in capital mkts in Jan so far
Overseas investors have put in a whopping Rs 8,700 crore in the Indian capital markets this month so far on expectation of recovery in corporate earnings and attractive yields. This follows an investment of Rs 2 lakh crore in the capital markets (equity and debt) in the entire 2017. According to the depositories data, FPIs infused in a net amount of Rs 5,769 crore in equities and Rs 2,940 crore in the debt markets during January 1-19 - translating into a net inflow of Rs 8,709 crore.
ONGC to pay Rs 36,915 crore for 51.11% stake in HPCL
State-owned Oil and Natural Gas Corporation (ONGC) will pay Rs 36,915 crore for a 51.11% stake in Hindustan Petroleum Corporation (HPCL), the former said in a filing to stock exchanges. ONGC will pay Rs 473.97 per share and will complete the acquisition of government's stake in HPCL by January end.
The deal was a part of the government's effort to create an integrated energy behemoth and also to meet the hefty Rs 72,500-crore disinvestment target it had budgeted for this fiscal. According to CNBC TV18, the government has now revised its disinvestment target for FY18 to around Rs 92,000 crore.
In related news, ONGC has increased its first ever debt-raising plans by 40% to as much as Rs 35,000 crore to fund its Rs 36,915-crore acquisition of HPCL.
RIL Q3 net up 16% YoY; Jio posts first ever profit at Rs 504cr
Oil-to-telecom major Reliance Industries has reported consolidated profit growth of 16.2% QoQ (25.1% year-on-year) at Rs 9,423 crore for October-December quarter, driven by petrochemical and Jio businesses. Consolidated revenue from operations during the quarter grew 7.8% quarter-on-quarter (21.75% YoY) to Rs 1,02,500 crore, aided by volume increase with start-up of petrochemicals projects and increase in prices in refining and petrochemical businesses. RIL's gross refining margin (GRM) came in at $11.6 a barrel, outperforming Singapore complex refining margins by $4.4 a barrel. The flagship company of Reliance Group had reported GRM at $12 a barrel in September quarter.
Centre announces 9 new smart cities, takes total identified to 99
The fourth and the final round of smart cities was finally announced on Friday and nine cities made the cut, reports Moneycontrol News’ Vandana Ramnani. Silvassa from Dadar and Nagar Haveli topped the list, followed by Erode in Tamil Nadu; Diu in Daman & Diu and Bihar Sharif in Bihar. Shillong is the tenth city on the list but is yet to submit its proposal.
Other cities who made it to the list include Bareilly in Uttar Pradesh, Itanagar in Arunachal Pradesh, Moradabad in Uttar Pradesh, Saharanpur in Uttar Pradesh, and Kavaratti in Lakshwadeep. Uttar Pradesh that had been given 13 smart city slots, of which it won 10. Ghaziabad, Meerut and Rampur are the three cities that missed out. Ghaziabad applied for the smart cities challenge for the fourth time.