Music Broadcast: Too Much of Static Noise
Music Broadcast Ltd (MBL) is the first private FM radio broadcaster in India. It operates FM radio channels under the Radio City brand which has a presence across 39 cities in India. MBL is a subsidiary of Jagran Prakashan Ltd, whose Hindi newspaper Dainik Jagran had a circulation of 3.4 million December 2018—the last available figures. Radio City reaches over 69 million listeners in 34...
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  • Nifty, Sensex may rally more - Weekly closing report
    The major indices rallied this week and closed with major gains. The trend of the major indices in the week is given in the table:
     
     
    On Monday, the major indices continued to post major gains. On the NSE, there were 1,403 advances, 453 declines and 360 unchanged.
     
    State Bank of India board of directors of the bank will consider a proposal for raising of Basel III compliant AT 1 bonds to the extent of Rs 5,000 crore. The bank also said it will waive processing fee on home loans in approved projects. The bank is also providing special concessions up to 10 basis points (bps) on the interest rate for the customers based on their credit score and loan amount.
     
    Ratnamani Metals bagged domestic order worth Rs 216 crore in Carbon Steel Division for the supply of coated CS Pipes for oil & gas sector.
     
    Thomas Cook board withdrew its share buyback due to impact of COVID-19 on business. The board in February had approved a share buyback of 6.9% of total equity worth Rs 150 crore. 
     
    On Tuesday, the major indices were range bound and ended flat. On the NSE, there were 817 advances, 1,047 declines and 100 unchanged.
     
    Shree Cement approved setting up of a Clinker Unit at Baloda Bazar, Raipur in Chhattisgarh with capacity upto 12,000 tons/day for an investment of around Rs 1,000 crore.
     
    Steel Strips Wheels received export orders for 9,000 wheels for EU trailer market.
     
    Prime Focus may commence a private offering of USD 375 million in aggregate principal amount of senior secured notes due 2025. 
     
    Dr Lal PathLabs has decided to further expand current testing capacities with installation of additional high throughput machine, automatic systems, hiring of additional manpower and increased working hours to 24*7.
     
    On Wednesday, the major indices ended with minor gains. On the NSE, there were 847 advances, 968 declines and 393 unchanged.
     
    The government extended the deadline for selling a stake in BPCL the fourth time, which caused the share price of the company to plummet 9%.
     
    Indiabulls Housing Finance sold further stake in OakNorth Holding to TEMF Limited for approximately Rs 630 crore.
     
    Welspun Corp bagged orders valuing close to Rs 1,400 crore. These orders of approximately 147 KMT would be executed from India and will help boost mill utilisation.
    Future Enterprises reported a fresh default on interest payment of non-convertible debentures.
     
    HDFC got the sanction from NCLT, Mumbai, for merger of HDFC ERGO Health with and into HDFC ERGO.
     
    On Thursday, the major indices opened in the green and ended with major gains. On the NSE, there were 1,126 advances, 693 declines and 390 unchanged.
     
    Bajaj Auto reported total sales at 4.41 lakh units in September 2020, against 4.02 lakh units (YoY). Domestic sales went up 6% at 2.28 lakh units against 2.15 lakh units (YoY). Exports grew 14% at 2.12 lakh units against 1.86 lakh units (YoY).
     
    Punjab National Bank reported a fraud of Rs 1,203.26 crore in the non-performing assets (NPA) account of Sintex Industries. 
     
    Nagarjuna Fertilizers reported consolidated loss of Rs 85.33 crore in June 2020 quarter against a loss of Rs 113.17 crore year-on-year. Consolidated revenue stood at Rs 464.49 crore against Rs 347.13 crore YoY.
     
    PVR, Inox Leisure shares jumped after the government allowed cinemas, theatres, and multiplexes to operate from October 15 with up to 50% of their seating capacity.
     
    The markets will remain close on Friday on account of Mahatma Gandhi Jayanti.
     
  • User 

    Deepak Fertilisers: Struggling To Grow
    Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) makes nitro-phosphate (NP), nitrogen-phosphorous-potassium (NPK), and bentonite sulphur fertilisers and industrial chemicals, mainly technical ammonium nitrate (TAN), methanol, iso propyl alcohol (IPA), and nitric acid. While the outbreak of COVID-19 has severely hampered business activity and led to the shutdown of thousands...
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