Morning Business News Round Up_Jan 30, 2018

Reliance on direct taxes on decline: Economic Survey

Formal sector employment higher than believed: Survey

India has no export superstars: Economic Survey

Related imageGovernment to complete Air India sale by next fiscal: Survey

Government policy, global prices led to rise in steel export: Economic Survey

Aircel lenders led by SBI agree to restructure debt

Economic Survey 2018: Telcos under stress due to debt pile, tariff war

At Rs 6.11 trillion, TCS overtakes RIL as most valued Indian firm again

HDFC Q3 net up three-fold to Rs 56.7 bn on part sale of life insurance arm

Economic Survey 2018: Claims worth Rs 3.13 trn under insolvency proceedings

Sanofi beats Novo to buy Ablynx for $4.8 billion in biotech M&A boom

50% increase in indirect taxpayer base post GST: Eco Survey

Economic Survey 2018: FY19 GDP growth seen at 7-7.5%

Strides Shasun arm gets USFDA nod for HIV drug

Mahindra Logistics Q3 PAT rises 35%

GST mop-up on track; fisc not under threat

Pepper trade seeks 5% MEIS only on net export earnings

Climate change may reduce farm incomes by up to 25%: Economic Survey

L&T crosses Rs2 trillion market cap for the first time

Tech Mahindra Q3 net profit up 10% to Rs943 crore

Reliance Jio to raise up to $2.2 bn debt to fund RCom deal

Century Textiles and Industries Q3 net profit jumps four times to Rs89.94 crore

Fiscal deficit may be slightly higher than target, says NITI Aayog VC Rajiv Kumar

India’s crude steel production rises 6.2% to 101.4 MT in 2017

Air India disinvestment: Foreign player keen on 49% stake says Avaiation Secy

FDI equity inflows to services grew by 15% in 2017-18

Sebi fines Tibrewala Rs 25 lakh in Fineotex Chemical IPO case

SC asks firm to show its bonafide in purchasing Unitech’s land

Morning Business News Round Up_Jan 29, 2018

EXIM Bank raises $10 billion in LSE bond issue

China declares intention to improve ties with Japan

Image result for VolkswagenVolkswagen condemn diesel fume tests on monkeys

Tax sops for electric vehicles likely in Budget

Honda Motorcycle inching closer to Bajaj for No 2 slot

Ebix, London-based investor in race to acquire Educomp

Last date for Bhushan Power & Steel bids extended

FM to conduct performance review of heads of 12 banks

Industries using iron ore want NMDC to roll back raw material price hike

Investments in P-notes surge to 6-month high of over Rs 1.5 trillion in Dec

‘Door is open’ if Britain wants to change mind on Brexit: Top EU official

JSW may double its bid to Rs 300 bn for debt-laden Bhushan Steel: Sources

GST mop-up on track; fisc not under threat

India likely to put pedal to metal on asset sales

Enercon readies biggest wind turbines for India

RIL’s KG-D6 gas fields Q3 production drops to 4.9 mm scmd

PSBs need to adapt to stay competitive

Seafood exports to cross $6 bn in current fiscal: MPEDA

SBI may seek fresh bids to select IRPs for Videocon firms

Sebi likely to revamp shareholding, net worth norms for exchanges

Reliance Jio to raise up to $2.2 billion debt to fund RCom deal

Telecom, technology and BFSI push India M&A activity to over $50 billion in 2017

GM aims to ramp up component exports from India

Essar Power to surrender Tokisud coal mine, seeks Rs490 crore refund

Commerce Ministry for single GST rate on multimodal transport of vehicles

FM Arun Jaitley hints at more cuts in GST rates

Indian seafood exports to touch Rs 40,000 cr

Top global business leaders to attend Assam summit

Idea Cellular seeks govt nod for raising FDI limit to 100 %

BharatNet likely to get 100% hike in allocation

Performance review of heads of 12 banks on cards

Tata Power aims to have major contribution from clean sources

Aadhaar an identification, not profiling tool: UIDAI

ONGC hungry for more buyouts, eyes GAIL’s pipeline business

Morning Business News Round Up_Jan 25, 2018

Keep promoters out of insolvency process: Rajan

DIPP notifies FDI relaxation in several sectors

Govt decision on IDBI Bank privatisation stands: Jaitley

India ranks 177 out of 180 in Environmental Index

ICICI Bank lends ONGC Rs 4K cr for buying HPCL

58% banks report rise in bad loans in July-Dec: Survey

File:Mcdonalds-90s-logo.svgMcDonald’s joint venture co opposes its plea in HC

Recap plan: Govt to infuse over Rs 880 bn into 20 PSBs but with riders

Biocon Q3 net profit plunges 43% to Rs 920 million on higher interest

WEF 2018: Infosys, TCS join global tech-reskilling drive for 1 mn workers

EU fines Qualcomm $1.23 bn for paying Apple to use only its chips

Capital First Q3 net profit up by 42% on Y-o-Y basis; revenue rises 49%

GDP may grow to 7% in FY19 as GST impact wanes: HSBC

Bharat Biotech’s diarrhoea vaccine gets WHO nod

TCS m-cap crosses Rs. 6 lakh cr mark

Vijaya Bank Q3 net drops 65% to Rs.79.56 cr on higher provisioning

New broker regulations will be out ‘any time’: IRDAI chief Vijayan

Airtel gets regulatory nod for Tigo Rwanda acquisition

Greenko, Tata, Adani, Torrent eye Odisha power distribution business

Idea?s Q3 loss triples to Rs1,285.6 crore on IUC cut, Jio tariff war

SoftBank leads $865 million investment in start-up Katerra

Canara Bank’s Q3 profit plunges 61% to Rs126 crore

Wipro picks up minority stake in Harte Hanks for $9.9 million

Gems, jewellery exports decline 4.65 per cent in April-December 2017

High penalty, licence renewal for discoms in electricity bill

Marketing technology firm Netcore expands global presence

Reliance Retail breaks into top 250 list of global retailers, says report

US Senate confirms Jerome Powell as next Fed chairman

Mobile handset makers to add another 5 lakh jobs in two years

Open interest in derivatives on rise as Feb 1 approaches

Market witnesses biggest pre-budget rally in 10 yrs

Morning Business News Round Up_Jan 24, 2018

  • Modi shows Davos his $5-trillion plan for India
  • ArcelorMittal opts out of Bhushan Steel race
  • Image result for ArcelorMittal
  • NCLT: Tatas oppose SP Group representation on board
  • Japanese investment jumps to $4,709 million in FY17
  • ONGC ties up 18K-cr loan from 3 banks for buying HPCL
  • FM Jaitley invites ASEAN nations to invest in India
  • Jio may soon pip Idea, Voda’s revenue market share
  • ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL acquisition
  • United Spirits Q3 profit slips 9% to Rs 1.3 bn on the back of market change
  • Ex-RBI chief Raghuram Rajan says India rate panel’s doing a good job
  • R-Infra plans captive use of 18 EVs, will set up charging stations
  • India should focus on women’s inclusion in economy: IMF chief at WEF
  • Bacardi to buy out Patron tequila in $5.1 billion deal
  • CBI to investigate NTPC, MMTC, others over coal imports
  • Bharat Dynamics files papers for IPO with SEBI
  • Tata Intl plans to double agri exports to $76 million by 2021
  • L&T Technology Q3 net up 16% at Rs. 126 cr
  • Welspun Corp plans to raise Rs. 250 cr via NCDs
  • Paytm valuation pegged at $10 b after secondary share sale
  • JPMorgan rolls out $20 bn investment plan after tax law gains
  • RBL Bank net income jumps 28% to Rs165.3 cr on fee income
  • Petrol, diesel prices jump; oil ministry seeks excise duty cuts
  • Indiabulls Housing Finance Q3 net rises 55% to Rs1,167 cr
  • VMware joins NxtGen to deliver scalable Cloud experience
  • SBI sees bad-loan provisions as biggest challenge
  • Final arbitration hearings on India tax demand in August:Cairn
  • CBI probes Rs 487 crore coal import scam
  • Globalisation is losing its lustre: Modi
  • West must share benefits of growth with emerging world: Rajan
  • Wheat output may decline 2.31% to 96.1 million tonnes
  • Market witnesses biggest pre-budget rally in 10 yrs

Morning Business News Round Up_Jan 23, 2018

Morning Business News :

  • Gross NPA may rise to Rs 9.5L crore by March: Study
  • ‘Tata Sons must consider buying out SP Group’s stake’
  • India sees scope for more integration among oil cos
  • HPCL may acquire MRPL in cash, share-swap deal
  • NCLT seeks McD reply on showcause notice
  • Oil ministry seeks cut in excise duty on petrol, diesel
  • RoC halts registering new cryptocurrency exchanges under Companies Act
  • Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows
  • Ashok Leyland eyes 5-fold increase in light CVs’ export; to invest Rs 4 bn
  • Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow

Image result for Budget 2018

  • Tencent-backed Practo sees losses triple to Rs 1.9 b in FY17
  • India ranks 62nd on WEF’s Inclusive Development Index
  • GNFC registers highest-ever performance in December
  • India’s richest 1% corner 73% of wealth generation: Oxfam
  • Sanofi to buy Bioverativ for $11.6 billion
  • US FDA completes inspection of Shilpa Medicare Raichur units
  • IFMR Capital facilitates SPiCE bond transaction
  • IMF sees India GDP growth at 7.4% in 2018, China’s at 6.8%
  • World Gold Council investigates standard for gold kilobars
  • CPPIB to invest $144 million in ReNew Power Ventures
  • RBI, govt may give banks more time to switch to IndAS
  • Siemens Gamesa bags orders for 326MW wind power capacities
  • Tiger Global is said to take a $1 billion stake in Barclays
  • Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
  • India asks Germany to help relax new EU rice import rule
  • Tiger Global is said to take a $1 billion stake in Barclays
  • India’s richest 1% corner 73% of wealth generation: Survey
  • Larsen & Toubro launches second offshore patrol vessel
  • India’s rising government bond yields are credit negative for its public-sector banks
  • Govt has run away by classifying NSEL crisis as private dispute: Charry
  • Goa miners expect lifting of iron ore limit by SC
  • Sugar prices tumble on panic sale by mills
  • Silver imports nearly doubled in 2017, thanks to GST

Morning Business News Round Up_Jan 22, 2018

Morning Business News :

  • Equity investment limit for EPFO may be raised to 25%
  • ONGC, HPCL must respect each other’s autonomy’
  • India to become fastest growing large economy in 2018
  • Trying to bring petrol, diesel under GST: Pradhan
  • ONGC hikes debt-raising by 40% to fund HPCL buy
  • Jaitley likely to address Sebi, RBI boards on Feb 10
  • FPIs pour in Rs 8,700 crore in January so far
  • Sebi to open consent doors for serious violations, cut burden of cases
  • Over 20% of TCS’ hiring in last 12 months was outside India
  • Aluminium makers want duty hike on scrap, abolition of coal cess
  • UP likely to give Rs 20 billion dole to sick govt sugar mills
  • AP govt selects Adani Ports to develop Bhavanapadu Port
  • Saudi Arabia calls for extending non-OPEC cooperation as oil prices rise
  • Govt eases rules for issuing CDC for seafarers
  • HPCL board will be similar to MRPL, OVL: ONGC chief
  • Grasim gets eco clearance for Rs. 2,560 cr expansion project
  • MF folios touch all-time high of 6.65 crore on strong retail participation

Image result for mutual funds

  • Jyothy Labs to ride on ayurveda wave
  • Comm Ministry wants no price curbs on most farm exports
  • IMF, World Bank laud RBI for ‘strengthening’ supervision
  • NMDC keen to augment mineral production in Odisha
  • Govt set to hit divestment goal for first time post ONGC-HPCL deal
  • DCM Shriram’s Q3 profit up 56% at Rs213 crore
  • Maruti plans to launch four products in next 12-18 months
  • Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
  • 49% Indian companies not likely to secure sensitive data in cloud: Survey
  • Commerce ministry for removal of sunset clause for SEZs
  • GST anti-evasion: Cess likely on pan masala at manufacturing stage
  • Call drops issue telco-specific, can not be generalised: COAI
  • ONGC to borrow Rs 35,000 cr
  • Govt may tweak tax slabs, bring standard deduction
  • JLR ready to launch e-car in India this year
  • Market experts slam Sebi plans to raise F&O lot size
  • Two-year moratorium on tax on haircut, interest forgone likely
  • Acharya bats for online platform to sell bad loans

Upcoming SME IPO_ Solex Energy limited

SOLEX ENERGY LIMITED

Issue Analysis

Issue opens 22nd January 2018
Issue Closes 25th January 2018
Issue Price 52
Lot Size 2000
Issue Size 7.18 Crore
Lead Manager Swastika Investmart
Registrar Skyline Financial Services Private Limited
Platform NSE

Company’s Snapshot

Company is engaged providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc. They manufacture the offered products using optimum grade components and advanced technology in compliance with the set norms of the industry. They also provide the offered appliances in numerous specifications and customization in accordance with the demands of our customers. Company’s manufacturing facilities is situated in Anand, Gujarat.

Solex Energy Limited is an ISO 14001:2015 Certification, ISO 9001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd and comply in accordance with the standards.

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
2 Working Capital 575.00
3 General Corporate Expenses 97.60
4 Issue Expenses 45.00
Total 717.60

Financial Highlights

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15
Total Revenue 3449.6 4662.14 637.46
PBT 138.08 57.42 13.74
Total Assets 2495.58 1478.3 858.52

Financial Indicaters

EPS : 3.46 ( for 2016-17)

P/E : 15.04 ( for 2016-17)

RoNW : 25.29%

NAV/share : 13.67

For Beeline Assistance:  Contact Here

Morning Business News Round Up_Jan 19, 2018

GST Council slashes rates on 29 items to zero per cent

US, EU, Japan object to India raising Duty on electronics

Bharti Airtel Q3 net profit slumps over 39% YoY

Tech Mahindra to pick up 17.5% stake in Altiostar

Banks have only themselves to blame: RBI dy guv

Government to consider hike in sugar import duty

Court orders issuance to Mallya and18 others

Govt working on centralised bidding to reduce cost of electricity

RIL to spend another $23 bn on Jio over next 3-4 years, says Moody’s

L&T Finance Holdings plans to raise Rs 40 bn via QIP, appoints four bankers

Hindustan Zinc Q3 profit declines 4% to Rs 22.3 bn on higher expenses

MCX gets Sebi’s approval for deliverable futures contract in brass

Apple to pay $38 bn in foreign cash taxes

India will need $125 bn to fund renewables dream

Global digital health VC funding up 42% at $7.2 b

Six more months needed to recover from demonetisation

Ultratech Cement Q3 profit falls 23% on raw material price rise

Suven gets product patents in China, Sri Lanka

GST Council approves changes to composition scheme

Airbus handed A380 lifeline with $16 billion Emirates order

Adani Ports Q3 profit up 19.51% at Rs1,001 crore

Hindalco?s Aleris acquisition bid may face competition from Vedanta

Infosys?s struggles with M&A deals a test for new CEO

SBI wary of selling bad loans to ARCs

E-Way Bill: Penalty clause on non-compliance to be implemented by March 1

Government?s fiscal consolidation plan likely to continue: Report

India Ratings projects economic growth at 7.1% next fiscal

Yes Bank ties up with Amplus Energy Solutions

GST Council discusses making return filing process simpler

Govt eyes 20 m foreign tourists by ’20, to double Fx earnings

Zinc Fortification in Indian Soils, to Supplement Zinc Deficiency in Human Body

FinMin banks on airwave sale for revenue in FY19

IndiGo, Jet among dozen bidders for RCS hinterland routes

Morning Business News Round Up_Jan 18, 2018

HUL Q3 profit jumps 28% YoY to Rs 1,326 crore

Direct tax mop-up jumps 19% to Rs 6.89L cr this fiscal

PFRDA relaxes withdrawal norms under NPS

Satyam case: PWC moves SAT against SEBI ban

India to auction 55 oil and gas exploration blocks

Bitcoin slumps to $10,000, half its peak price

Sri Sri’s FMCG brand Tattva to open 1000 stores

Centre mulls permitting 100% foreign investment in private banks

JFE-JSW, ArcelorMittal, Vedanta to bid for Bhushan Steel

RITES files draft papers with Sebi to raise Rs 6 billion via IPO

Jubilant Life Sciences Q3 net surges 80% to Rs 2.12 bn on robust sales

Ashok Leyland signs pact with Israel-based Phinergy for electric CVs

BofA Q4 net slumps on $2.9-bn tax charge, adjusted income beats estimates

Govt cuts 2017/18 additional market borrowings to Rs 20K cr

Adani group to invest Rs.750 cr in West Bengal

JB Chemicals & Pharma gets European GMP approval for Gujarat facility

Huge opportunity to export LNG to India, China: IEA chief

India to be $5 trillion economy in 8-9 years: Suresh Prabhu

Govt to auction 55 oil, gas exploration blocks on Thursday

Tata group hires EY to explore sale of oil and gas business

Amalgamation scheme: Tata Power shareholders meet on 19 February

Sensex crosses 35000 as govt moves to contain fiscal deficit

Srei reports 56% jump in Q3 net profit at Rs105 crore

Amber Enterprises IPO fully subscribed on Day 1

Sugar processors undermine margins to meet payments to cane farmers

Fitch downgrades outlook on Adani Transmission to negative

Xiaomi claims responsibility of WhatsApp obsolete error problem

Bharti Infratel Q3 net profit drops 6% to Rs 585 crore

Trai to meet telcos on January 23 to chart out 2018 agenda

Morning Business News Round Up_Jan 15, 2018

 

Min panel’s proposal to end MAT on SEZs under review

C Sivasankaran warns of ?action? against Cyrus Mistry

Arun Jaitley launches India?s 1st agro options contract

Cairn India to invest Rs 37K cr to ramp up production

Govt’s new audit clause may give Big 4 a serious jolt

Auto firms to report robust profit growth in Q3

Rails supplied to railways are defect free, says SAIL

NPA disclosure rules: Sebi keen on implementing a revised proposal

Govt working on new schemes for next foreign trade policy to boost exports

Finished steel exports surge 29% in Dec; imports slip 26%

Govt to auction over 9,400 ‘enemy’ properties worth Rs 1tn

P-notes investment declines from Rs 1.31 trn to Rs 1.28 trn in November

Significant competition ahead from pvt sector: CIL chairman

SEBI permits voluntary exit of two exchanges

GDP growth not justifiable unless benefits reach farmers:FM

Doing business rankings based on hard data: World Bank

Vedanta urges govt to resolve retrospective tax issues

Nine of 10 most valued firms add Rs.66,619 cr in m-cap

SEBI plans rules for uniform pricing of corporate bonds

Bitcoin fever hits US real estate market

WEF ranks India 30th on global manufacturing index, Japan tops

Govt may drop proposal on self-reporting of income estimates, tax payments

Gold prices hit 7-week high on global cues

HDFC to raise Rs11,104 crore from investors including GIC, KKR

Govt plans review of functioning of independent directors

Facebook might lose $23 bn after announcing changes to News Feed

India needs more inclusive, active social policies, says economist Jean Dreze

Housing and Urban Affairs Ministry seeks three-fold hike in Budget allocation