Goldman Sachs has rated share of DLF Ltd a ‘buy’ with a price target
of Rs. 264 following reports that the property developer is in advanced talks
with developers to sell its Lower Parel land. “We believe a selling price of Rs. 2900 crore will imply a debt reduction of nea…
Share Review Tata Global : Target Price Rs. 136.
Tata Global is set to announce its 4Q FY 2012 results. We expect the company’s consolidated top line to grow by 6.6 % y o y (year on year) to Rs. 1,660 crore. OPM is expected to grow by 3.43% y o y to 11.7 %, aided by focus on branded products. Net profit is expected to gr…
Share Review Tech Mahindra : Target Price Rs. 750
Tech Mahindra is slated to report its 4Q FY 2012 results. We expect the company to record 0.4% q o q (Quater on quater) growth in dollar revenue to US $ 29 crore, majorly led by volume growth. Revenue from BT account is expected to decline by 2% q o q and non-BT business i…
Share Review Ashoka Buildcon : Target Price Rs.273
For 4Q FY 2012, on a consolidated basis, Ashoka Buildcon (ABL)
reported a decent set of numbers (adjusting for impact of change in
accounting policy in 4Q FY2 011). Order book as of 4Q FY 2012 stood at Rs. 4,967 crore (3.9x FY2012 E&C revenue), providing revenue visibil…
Delay In Sanctioning Projects: Real Estate Developers Plan Strike
Developers in pan
India may go on strike in October (2012) if the central government does not
listen to their demands. The chairman of the Mangalore chapter of CREDAI (Confederation of Real Estate
Developers’ Association of India), Mr. P M A Razak, said. Mr. Razak said, ‘’…
Dubai Tameer's Princess Tower : Enters Guinness World Records
The Dubai Marina development stands a staggering 107 storeys tall & encompasses 6 basement floors, one ground floor, 100 above ground levels & 8 retail stores. The tower occupies a land area of about 37,410 square feet, housing 763 luxury apartments, including on…
Mallika Srinivasan, Cyrus Mistry on Tata Steel board
Tata Steel has appointed Mrs. Mallika Srinivasan and Mr. Cyrus Pallonji Mistry as additional directors on the board with immediate effect. Mr. Cyrus Mistry is the Deputy chairman, Tata Sons Limited. Mrs.Mallika Srinivasan, Chairman, TAFE (Tractors & Farm Equipment Limit…
Seetharaman, Doha Bank Conferred with Honorary Doctorate
Mr. R. Seetharaman, CEO, Doha Bank was endowed with the honorary doctorate on 20th May 2012 during the 229th commencement function of Washington College. Mr. R. Seetharaman while accepting the Doctorate title thanked the Washington college management & also congratulate…
18 to 20% growth in housing loans in 2012-13: NHB Chairman
Loan portfolios of housing finance companies grew at a slower clip in 2011-12 compared with the previous year because of tight liquidity conditions & higher borrowing costs. As per NHB (National Housing Bank), India's regulator of housing finance companies data sh…
63% Indians Used Pirated Software in 2011
According to a 2011 Global Software Piracy Study, The number of Indians making use of pirated software declined by merely 1% during 2011 as against 2010, . This study has been done by independent firm BSA (Business Software Alliance) and it further elaborated that almost 63%…
