)
Sale of business to unlock value and help lower company's debt
The bank's shares rise 10% in three sessions, contributing to a fourth of the Nifty's 180-point rise
Regulatory overhang, weak demand in India and limited gains from Europe might cap earnings growth
Godrej Consumer expected to be worst hit, as 70% of its global revenues come from affected areas
Indices languish below 2008 levels despite flows of $90 billion over six years; dollar returns down 34%
Recovery unlikely before Q3 of FY15 as slowdown continues to deepen
Volumes remain tepid, inventory levels reach new high
Viability of independent power producers to deteriorate further, as plant load factors hit 60%
Operating regulations for power generator tightened under new rules, FY15 earnings may be dented 11-13%
Bank needs fund infusion of $9-11 bn by FY18; NPAs as a percentage of net worth stands at 34%
Forecast based on performance of the past two quarters, which might not sustain in coming quarters
Legal experts are now questioning the validity of power purchase agreements after the ruling
Earnings downgrades likely in coming quarters, as demand continues to be weak
Interview with Chairman, Larsen & Toubro
Excise duty cuts unlikely to impact volumes; rate action by RBI unlikely as fiscal consolidation not structural
A large part of this growth is driven by weak rupee and other income; quality of earnings remains weak
Improvement driven by cutting spends, deferring subsidy payouts and assuming greater revenue
56% increase in provisions and 31% rise in operating expenses erode bottom line
Higher volumes and realisations in the segment aid top line
Raise stakes in Power Grid, L&T, YES Bank, HDIL and Zee Entertainment