While a host of coal & power firms have come under fire from CBI, Adani Power has remained unaffected; however, financials remain stretched. Gautam Adani, promoter of Adani Power Ltd, has a reason to relax, even as the power arm of his group of companies continues to make losses for an eighth straight quarter. While a host of coal and power companies have come under fire from the Central Bureau of Investigation (CBI) for alleged involvement in the coal mine allocation scam, Adani Power has ... Rediff.com, 1 month ago
Crony capitalism will of course generate investment and ensure profit for private capital, but it won’t give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai. On October 15, the Central Bureau of Investigation did something unusual in the coal block allotment scam -- if only under the Supreme Court’s goading. It filed a First ...Rediff.com, 1 month ago
Consider this: Nearly 40 per cent of the 1,140 firms that paid dividends to shareholders in FY13 did so despite running cash deficits on their balance sheets. In all, 434 dividend-paying companies had negative free cash flows last year. The number would rise further if the dividend outgo is taken into account. Free cash flow is derived by deducting cash outgo on account of capex and dividends from cash flow generated from business operations. It denotes the cash surplus generated by a company ...Rediff.com, 2 days ago
Benchmark share indices extended losses for the fifth straight session on Monday, amid a weakening rupee, after an encouraging US jobs data raised worries that the US Fed would start pruning its monetary stimulus measures earlier-than-expected. The US Fed's easy money stance so far has resulted in huge foreign fund inflows into Indian equities. Meanwhile, the FII flows steadily declined over the last few trading sessions which weighed on sentiments, raising concerns about a slowdown in buying ...Rediff.com, 1 month ago
Important appointments at these companies have been stuck for long From Shipping Corporation of India (SCI) to Jawaharlal Nehru and Vizag ports, all have been doing with temporary chairmen for months, as important appointments in the maritime sector — already facing capacity constraints and poor cargo growth — are stuck.And, it’s not just the state-run companies. The lack of clear leadership in the port sector has been hurting the private sector, too. Adani group’s coal ...Rediff.com, 2 months ago
Markets had a choppy session of trade today as investors exercised caution ahead of an action packed next week. At close, the Sensex was down 49 points at 19,733 and the Nifty was relatively unchanged at 5,851. For most part of the trading session, the Nifty was range bound between 5,823-5,884. in the broader markets, the mid and smallcap indices gained 0.6% each, outperforming the BSE benchmark index which closed in the negative 0.3%. Next week, US Federal Reserve will decide to cut its $85 ...Rediff.com, 2 months ago
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