·Punjab Health Department banned sale of loose cigarettes
Punjab Health Department has banned the sale of loose cigarettes (as single sticks) and loose tobacco in the state – no major negative impact on earnings of ITC, as Punjab contributes just 2% to ITC’s cigarette sales volume. But it is sentimentally negative for ITC and other cigarette companies as other states might follow the same.
·ITC to invest around Rs25000 crore in 5 years
ITC will be investing around Rs25000 crore over the next five years (the company invested Rs7000-8000 crore in last two years) in its various businesses including non cigarette FMCG, hotel, Agri and Paper & Packaging; focus on de-risk its revenue model by lowering dependence on cigarette business – long term positive for the stock.
·UK regulator eases restrictions on Wockhardt’s Aurangabad unit
The UK drug regulator has eased restrictions on Wockhardt's drug unit at Chikalthana, near Aurangabad, but a full approval to the facility is yet to come. The Chikalthana facility was inspected by MHRA in early September last year to understand the remedial measures taken by the company on quality control and compliance-related issue.
·McNally Bharat receives order from VALE group
McNally Bharat Engineering Company announced that MBE Coal & Minerals Technology GmbH, Cologne, a 100% step subsidiary of the Company has received an order from VALE group for an amount of Euro 5.1 million [Rs38 crore (approx)] for supply of spare parts to optimize iron ore beneficiation activities.
·SPML Infra wins new orders worth Rs334 cr; stk up
SPML Infra has won new orders worth Rs334 crore from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) for 24X7 water supply system for three cities, Bellary, Hospet and Raichur with a combined population of 8.5 lakhs. These projects are part of Asian Development Bank ( ADB) funded projects to improve urban services in towns and cities in Karnataka
·Yes Bank plans to raise Rs5500 crore capital
YES Bank will raise around Rs5,500 crore over the next 12 months (Rs3000 crore via infra bonds and ~Rs2500 crore through hybrid basel III bonds). The capital will be used to expand the loan book in the mainly in infrastructure sector (currently 5% of the book) as management believes government measures have significantly de-risked infra sector.
·HC declines to stay construction of Kochi Metro on Apollo Tyres Land
The Kerala High Court has declined to stay the construction works being carried out by Kochi Metro on a portion of the land of Apollo Tyres at nearby Kalamassery.
The company had approached the court seeking a stay on the work following non-payment of compensation of Rs23.25 crore (as directed by the District Collector).
·Q3FY2015 Pharma earnings preview
The growth in pharmaceutical sector is expected to remain healthy in Q3FY2015 on the back of recovery in domestic and Latin American business. Although, the absence of exclusivity type products, fewer number of products approvals in US and geo-political issues impacting the performance in CIS regions, would restrict the growth, stronger traction in base business and integration of newly acquired entities (by Aurobindo and Torrent Pharma) would substantially mitigate the impact.
Punjab Health Department has banned the sale of loose cigarettes (as single sticks) and loose tobacco in the state – no major negative impact on earnings of ITC, as Punjab contributes just 2% to ITC’s cigarette sales volume. But it is sentimentally negative for ITC and other cigarette companies as other states might follow the same.
·ITC to invest around Rs25000 crore in 5 years
ITC will be investing around Rs25000 crore over the next five years (the company invested Rs7000-8000 crore in last two years) in its various businesses including non cigarette FMCG, hotel, Agri and Paper & Packaging; focus on de-risk its revenue model by lowering dependence on cigarette business – long term positive for the stock.
·UK regulator eases restrictions on Wockhardt’s Aurangabad unit
The UK drug regulator has eased restrictions on Wockhardt's drug unit at Chikalthana, near Aurangabad, but a full approval to the facility is yet to come. The Chikalthana facility was inspected by MHRA in early September last year to understand the remedial measures taken by the company on quality control and compliance-related issue.
·McNally Bharat receives order from VALE group
McNally Bharat Engineering Company announced that MBE Coal & Minerals Technology GmbH, Cologne, a 100% step subsidiary of the Company has received an order from VALE group for an amount of Euro 5.1 million [Rs38 crore (approx)] for supply of spare parts to optimize iron ore beneficiation activities.
·SPML Infra wins new orders worth Rs334 cr; stk up
SPML Infra has won new orders worth Rs334 crore from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) for 24X7 water supply system for three cities, Bellary, Hospet and Raichur with a combined population of 8.5 lakhs. These projects are part of Asian Development Bank ( ADB) funded projects to improve urban services in towns and cities in Karnataka
·Yes Bank plans to raise Rs5500 crore capital
YES Bank will raise around Rs5,500 crore over the next 12 months (Rs3000 crore via infra bonds and ~Rs2500 crore through hybrid basel III bonds). The capital will be used to expand the loan book in the mainly in infrastructure sector (currently 5% of the book) as management believes government measures have significantly de-risked infra sector.
·HC declines to stay construction of Kochi Metro on Apollo Tyres Land
The Kerala High Court has declined to stay the construction works being carried out by Kochi Metro on a portion of the land of Apollo Tyres at nearby Kalamassery.
The company had approached the court seeking a stay on the work following non-payment of compensation of Rs23.25 crore (as directed by the District Collector).
·Q3FY2015 Pharma earnings preview
The growth in pharmaceutical sector is expected to remain healthy in Q3FY2015 on the back of recovery in domestic and Latin American business. Although, the absence of exclusivity type products, fewer number of products approvals in US and geo-political issues impacting the performance in CIS regions, would restrict the growth, stronger traction in base business and integration of newly acquired entities (by Aurobindo and Torrent Pharma) would substantially mitigate the impact.
Get
free trading in equity tips, free equity tips, stock tips, stock cash
tips, stock futures tips, commodity tips, nifty tips, nifty futures,
mcx tips, ncdex tips, and share market tips etc.
No comments:
Post a Comment