Morning Business News Round Up_ August 16, 2018

  •  Note-ban, GST hit household savings rate: Report
  •  NPCI blames Cosmos Bank for Malware attacks
  •  RBI puts 200 stressed account under scanner
  •  Jio opens fibre based broadband registration
  •  Blackstone may pick stake in Jet Airways’ loyalty arm
  •  Image result for pesticidesGovt bans 12 pesticides with immediate effect
  •  RBI rejects Kotak Bank’s plan for dilution of stake
  •  Indirect tax base has surged 65% to 11.6 mn since GST roll-out: PM Modi
  •  Sebi eyes framework for timely disclosure of loan defaults by listed firms
  •  Aluminium, Copper twin triggers for Hindalco, Novelis a key positive
  •  Reliance declares force majeure on gasoline exports from Jamnagar: Report
  •  GMR Infrastructure Q1 net loss widens to Rs 2.35 bn; income at Rs 16.5 bn
  •  India to be engine of world growth for three decades: PM
  •  CBDT plan to incentivise ‘quality orders’ worries trade
  •  Positive growth in steel sector to continue: Tata Steel
  •  NTPC to set up subsidiary for coal mining soon
  •  Uflex Q1 net flat-lines at Rs.94.36 crore
  •  Patanjali to launch messaging app Kimbho on Aug 27
  •  Sun Pharma’s US business peeps out from clouds in Q1
  •  Agri export policy to prepare farmers for global market: Modi
  •  Canara Bank to hire social media agency for customer outreach
  •  Sun Pharma’s US business peeps out from clouds in Q1
  •  Pending investor grievances drop 16% till FY18 end
  •  Government invites fresh EoIs for 100% stake in Pawan Hans
  •  Allahabad Bank posts Rs 1,944-cr Q1 net loss on higher provisions
  •  Pressure on current account deficit: Trade deficit hits the 62-month high in July
  •  Spectrum auction to be taken up on August 31
  •  Turkey increases tariffs on some US goods, escalating feud
  •  FinMin mulling auction of some stressed power assets
  •  Govt may stick to gilt buyback plan in H2
  •  JSW outbids rivals with Rs 19,700 crore offer

Morning Business News Round Up_ August 14, 2018

  •  CPI cools to 4.17% in July, down from 4.9% in June
  •  Image result for tata steelTata Steel Q1 profit doubles to Rs 1,954 crore YoY
  •  Tata Sons to sell Rs 11,500 cr shares in TCS buyback
  •  Indian firms lag compliance of EU data protection rule
  •  Tata Steel submits revised bid for Bhushan Power
  •  CCI okays Adani Wilmar’s acquisition of Ruchi Soya
  •  Iran offers Asian buyers cheapest oil in 14 yrs
  •  Sebi’s FPI norms may jeopardise billions of dollars from offshore funds
  •  Jet Airways, rating agencies come under regulatory scanner over lapses
  •  Sebi mulls steps to prevent misuse of clients’ securities by stock brokers
  •  Bombay HC directs CBDT to reply on STT on physically-settled derivatives
  •  Tata Chemicals Q1 profit up 14% to Rs 2.69 bn; debt slips to Rs 15 bn
  •  Ambiguity in Jet Airways’ loan status
  •  Cadila picks up 51% stake in Windlas Healthcare
  •  Steel-makers seek 40% export duty on graphite, removal of dumping duty
  •  Ramky Enviro Engineers to invest Rs.2,500 cr in new projects, expansion
  •  IndianOil to invest over Rs.20,000 cr in city gas biz
  •  ‘NSE’s May 24 trading errors due to tech glitch’
  •  Rupee plunges to record low, closes near 70 a dollar
  •  Telcos to seek fresh dialogue on scrapping interconnect charges
  •  EIL to invest Rs 700 crore for LPG terminal at Okha
  •  Wipro, ITC, Cadila take lead in race to acquire Complan
  •  BSE seeks further clarification from Jet Airways over deferred results
  •  India may not reach 100GW solar target by 2022: report
  •  Incumbent telcoms’ profit halve in 3 years, margins fall 1,000 bps
  •  SBI ranked as India’s most patriotic brand: Survey
  •  RBI backs proposal to form asset reconstruction firm to salvage power sector stressed assets
  •  Wilful defaulters, economic offenders may not settle a case, suggests Sebi panel
  •  IOC hopes to get Iranian investment for CPCL refinery
  •  RCom reinstates Rs 774 crore bank guarantees with DoT
  •  No safeguard duty on solar cells for now, says FinMin
  •  Household savings hit slowest pace, drop 20%
  •  Turkey attempts to calm markets as crisis deepens

Morning Business News Round Up_ August 13, 2018

  •   IBC has put recovery process on fast track: Ficci Survey
  •   Over 200 rail projects report Rs 1.82L cr cost overrun
  •  Related image BPCL gets green nod for ethanol project in Odisha
  •   SBI to sell two NPAs worth Rs 2,490 crore
  •   PVR to buy SPI cinemas in deal valued at over Rs 850cr
  •   Adani walks away with gas rights for 21 cities
  •   Govt draws up new bailout plan for Air India
  •   PSBs to be recapitalised in Q4 FY19, exercise linked to progress on reforms
  •   GVK plans to raise Rs 135 billion for Navi Mumbai airport project
  •   Manufacturing sectors with high production growth rose in Q1: CII
  •   Investors want higher price in Fortis open offer; IHH unlikely to oblige
  •   Indian Oil posts 50% jump in quarterly profit as refining margin doubles
  •   India’s economic growth to improve in coming quarters: CII-ASCON
  •   No GST on fortified toned milk, but treatedtamarind kernel powder to attract 5% tax
  •   DGCA to conduct financial audit of Jet Airways
  •   RCEP trade ministers to meet on Aug 30-31 in Singapore
  •   NBCC standalone net at Rs.67.66 cr
  •   Hindalco to pre-pay Rs.3,000-cr debt this fiscal
  •   Saudi Arabia fund in talks to invest in Tesla buyout deal
  •   Rafale deal from Dassault, not defence ministry: Reliance Group
  •   India Cements Q1 profit falls 34% to ₹26 crore
  •   Tata Motors global sales fall 5% in July
  •   Monsanto fined $289 million in world’s first Roundup cancer trial
  •   FinMin unlikely to heed RBI’s demand for greater power over PSU banks
  •   Auto industry raises concerns over proposed changes in import regulations
  •   RBI net sells USD 6.184 bn of US currency in June
  •   DCM Shriram to invest Rs 1,300 cr to expand sugar, chemical business
  •   FPIs infuse Rs 8,500-crore in capital markets in just 8 trading sessions
  •   FY19E earnings likely to grow by 22.8%
  •   Sebi seeks to make MFs more cost effective
  •   Coal India pushes back output target
  •   More education loans turn ‘bad’ in three fiscals
  •   CPSEs to soon monetise assets, SAIL, NTPC to take lead

Today’s M & A Deals_Aug 11, 2018

M & A Deals :

  • Stan Chart Private Equity-backed power generator maker set to file for IPO again
  • Fast food startup Faasos raises fresh funding led by new investors
  • Rabo Equity exercises right to sell stake in packaging materials firm
  • Pune mid-sized IT firm Nihilent re-files for IPO
  • Sequoia-backed hyper local delivery startup Daily Ninja buys 4am Shop
  • Micro lender Credit Access Grameen’s IPO fully subscribed on final day
  • India, Singapore investment firms back startup incubator India Accelerator
  • Venture Catalysts backs virtual trial room startup Try & Buy
  • Sensex retreats from record high to trim weekly gains

Today’s M & A Deals_Aug 10, 2018

M & A Deals :

 

  • Former Carlyle India exec gets Swiss firm as anchor investor in maiden PE fund
  • Infuse Ventures clocks handsome returns in first exit deal
  • TPG set to score high returns from partial stake sale in Dodla Dairy via IPO
  • Credit Access Grameen IPO crosses one-third mark on second day
  • Paytm acquires Rainmatter-backed fintech startup Balance
  • Nexus Venture Partners leads funding round in ed-tech startup Quizizz
  • Chennai VC firm, JITO Angel Network invest in consumer lending startup HappyEMI
  • IL&FS private equity arm backs logistics platform TransportEG
  • China’s CashBUS makes first India bet in fin-tech startup Olly Credit
  • Bank stocks power Sensex above 38,000 for first time
  • TRAI chief RS Sharma, who took on Facebook and Apple, gets two-year extension
  • Paytm parent One97 Communications buys fintech app Balance
  • Maersk-IBM blockchain trade platform gets 94 companies, organisations on board
  • Gamified learning startup Quizizz gets $3 mn from VC firm, others

Today’s M & A Deals_Aug 09, 2018

M & A Deals :

  • Mandala Capital’s Uday Garg on why investors will flock to food processing players
  • Walmart gets antitrust approval for $16-bn Flipkart deal
  • Premji Invest bets on float glass maker Gold Plus
  • Credit Access Grameen’s IPO crosses one-fourth mark on first day
  • IAN Fund invests in fin-tech startup Propelld
  • Franklin Templeton Mutual Fund floats alternative investment fund
  • Bahrain private equity firm Investcorp hunts for deals in India, China
  • Inflection Point Ventures invests in virtual assistant provider Wishup
  • Fin-tech startup Propelld raises seed funding from IAN Fund
  • How a tiny forensic lab is helping tech giant Facebook fight fake news
  • Mindtree to supply AI platform for banks to reduce risks and improve compliance

Morning Business News Round Up_ August 9, 2018

  •  First round of US tariffs on China to hit $50 bn Aug 23
  •  Walmart’s $16-bn acquisition of Flipkart gets CCI nod
  •  CCI gives nod to Tata Steel-Bhushan Power & Steel deal
  •  RBI to transfer Rs 50,000 crore surplus to govt
  • Image result for per capita income logo India’s per capita income rises to Rs 80,000
  •  PNB in talks with I-T dept to sell erstwhile HQ
  •  Shortage of long product steel hurting EPC companies as cost goes up
  •  NHAI suffers Rs 4-bn loss on non-recovery of damages from realty developers
  •  IMF warns India over PSBs, advocates privatisation
  •  Ahead of LIC acquisition, IDBI gets nod to lower govt stake to under 50%
  •  Sebi set to tackle cyber security breaches, deploy data analytics
  •  NSE keen to set up spot gold exchange: Limaye
  •  India heading for a lower tea output as H1 output falls 5%
  •  ICICI Bank issues over 1 million FASTags
  •  HPCL Q1 net surges 86% to Rs. 1,719 cr
  •  TCS in talks with Infosys, Wipro to sell its automation software
  •  HPCL winds down Iran oil supply as US-led sanctions inch closer
  •  RBI cancels licences of 368 NBFCs in first half of 2018
  •  HDFC MF juggles its schemes and thumbs its nose at Sebi
  •  Govt to set up 25,000 MW solar project in Ladakh
  •  Samsung lines up $22 bn spending for new tech
  •  Fonterra, Future Group announce joint venture for Indian market
  •  Mumbai BPCL fire: Refinery’s hydrocracker unit shut, 40 injured
  •  Supreme Court warns Amrapali group not to play smart with court
  •  NDTV Q1 net loss narrows to Rs 2.88 crore
  •  Government may release second draft of e-commerce policy in a fortnight
  •  IMF says RBI needs to gradually tighten monetary policy due to these 3 key concerns
  •  Banks have limited ability to support high credit growth
  •  Pressure builds on UK Labour to back second Brexit referendum
  •  Plan to cap medical devices margin at 30% nags industry
  •  NSE in fresh talks with Sebi to resolve co-location case

Today’s M & A Deals_Aug 08, 2018

M & A Deals :

  • PE firm Advent eyeing best-ever India returns as ASK Investment files for IPO
  • Mandala Capital chalks out plan for third PE fund
  • Hero Future Energies buys working solar assets of Mumbai-based firm
  • PNB plans asset sales to revive fortunes after second straight quarterly loss
  • Dubai-based KCP Capital invests in digital marketing firm Pivot Roots
  • Kolkata alloy and energy firm Shyam Metalics files for IPO
  • Sensex little changed as energy stocks offset gains
  • JPMorgan, IIM Ahmedabad’s incubator tie up to back fintech startups
  • Mobile app management platform Hansel.io gets fresh funding

Upcoming SME IPO_Powerful Technologies Limited IPO

 

Powerful Technologies Limited IPO

Issue Analysis :

Issue opens Aug 9, 2018
Issue Closes Aug 14, 2018
Issue Price Rs 51
Lot Size 2000
Issue Size 13.55 Cr
Lead Manager FINSHORE MANAGEMENT SERVICES LIMITED
Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Incorporated in 2015, Delhi based Powerful Technologies Limited is a company engaged in the business of manufacturing/assembling LED TVs, LED monitors and Power Banks.

Powerful Technologies, initially sold its products under the brand names of “Powereye” and “Lappy Master”. The company also used to make power banks for other brands.

In the year 2016-17, it got approval from Kodak and Polaroid to manufacturer mobile power banks and LED TVs respectively. The company is an authorized licensee for Kodak Power banks and Polaroid LED TVs and LED

Monitors in India.

As part of its focus to sell its products online, the company has recently tied-up with Appraio Retail Pvt. Ltd, a JV of Amazon Asia and Patni group as also with Flipkart India Pvt. Ltd.

The company’s manufacturing unit is located at Noida. The company has recently delivered the first shipment of mobile adapters to its distributors under “Powereye” brand.

The company has 73 employees including contractual employees on its payroll.

Competitive strengths of the company-

  1. License rights with reputed global brands like Polaroid for India, Nepal, and Bangladesh and with Kodak for India.
  2. Ownership of brand names “Powereye” and “Lappy Master”
  3. Wide distribution network

 

Object of the Issue:

The objects of the Issue are:

  1. To meet the working capital requirements of the Company;
  2. Issue Expenses.

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 3,101.84 2,481.81 999.07 1.06
Total Revenue 6,262.12 3,561.26 2,497.25
Profit After Tax 450.25 40.65 18.48 (0.11)

 

Company Promoters:

The Promoters of the Company are Aditya Gupta, Nitin Chhabra, and Karuna Chhabra.

 

Contact Company Information:

Powerful Technologies Limited

 

G1 Prakash Chamber Ground Floor 6

Netaji Subash Marg, Darya Ganj

New Delhi- 110002

Phone: +91 11 40071894

Email: Nitin@pcpl.in

Website: http://www.powerfultech.in/

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Upcoming SME IPO_Sungold Media and Entertainment Limited IPO

 

Sungold Media and Entertainment Limited IPO

Issue Analysis :

Issue opens Aug 9, 2018
Issue Closes Aug 14, 2018
Issue Price Rs 10
Lot Size 10,000
Issue Size 1.35 Cr
Lead Manager FINSHORE MANAGEMENT SERVICES LIMITED
Registrar SATELLITE CORPORATE SERVICES PRIVATE LIMITED
Platform BSE

Company’s Snapshot :

Incorporated in 1995, Gujarat based Sungold Media and Entertainment Limited is a company engaged in the business of branding. The company offers services like Digital Marketing, Mobile App Development, Graphics Design, Website Design, Photography, Videography, Video Editing, Celebrity Management and distribution services.

Sungold designs and develops solutions to maximize brand image of its clients.

Some of the Ongoing projects of the company are:

  1. News portal- www.liveupdates.co.in
  2. Entertainment portal- www.entertainment365.in
  3. Portal on the state of Gujarat-www.gujaratdevelopment.com

 

The company has presently 10 permanent employees on its payroll.

 

Object of the Issue:

The objects of the Offer are to-

  1. Achieve the benefits of listing the Equity Shares on the SME Platform of BSE.
  2. Enhance the company’s visibility, brand name and provide liquidity to the existing shareholders.
  3. Provide a public market for the Equity Shares in India.

The Company will not receive any proceeds from the Offer. and all the proceeds from the Offer will go to the Promoter Selling Shareholder Mr. Rajiv Rameshchandra Kotia.

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
28-Feb-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 568.86 486.85 483.21 473.88 200.10 231.93
Total Revenue 44.74 59.85 56.34 34.96 14.93 10.80
Profit After Tax 2.67 5.32 8.81 6.31 0.91 0.26

 

Company Promoters:

The promoters of the company are Rajiv Rameshchandra Kotia and Raj Rajiv Kotia. Rajiv Rameshchandra Kotia holds 16,53,550 Equity Shares (being 33.07% of the Issued, Subscribed and Paid-up Equity Share capital) and Raj Rajiv Kotia hold 16,11,132 Equity Shares (being 32.22% of the Issued, Subscribed and Paid-up Equity Share capital) of the company.

 

Contact Company Information:

Sungold Media and Entertainment Limited

13, Radhakrushna Mandir Compound

Rajpipla, Nandod,

Narmada- 393145, Gujarat

Phone: +91 9099018633

Email: info@sungoldmediaent.com

Website: http://sungoldmediaent.com/

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