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An Analysis of Corporate Social Responsibility Initiatives of Selected Manufacturing Companies in Karnataka
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 (April, 2017) PP 23-28 www.iosrjournals.org An Analysis of Corporate Social Responsibility Initiatives of Selected Manufacturing Companies in Karnataka Ramaprakasha. N1 & Dr.Y.Rajaram2 1 Faculty, Maharaja’s College, University of Mysore, Mysuru. 2 Professors, Ramaiah Institute of Management Studies, Bengaluru. Abstract: The enactment of The New Companies Act 2013 is a major milestone in corporate governance, which has resulted in a paradigm shift in business operations across India. Almost all major companies are practicing corporate social responsibility (CSR) and are contributing towards the development of society and environment within which they operate. In the present paper an attempt has been made to throw light on the prominent corporate social responsibility initiatives of the selected manufacturing companies in Karnataka, to determine the trend and orientation of corporate social responsibility and to examine whether there is significant difference in the orientation and implementation of corporate social responsibility initiatives among the selected manufacturing companies in Karnataka. Key words: Corporate social responsibility, Karnataka, Manufacturing companies. I. Introduction Corporate Social Responsibility (CSR) has developed as an important area of management after the enactment of The New Companies Act-2013. CSR is defined as the obligations of a company towards the society and environment within which it operates. CSR was previously a voluntary exercise which were practiced only by a few reputed companies but The New Companies Act which came into force from 01 April, 2014 in India made corporate social responsibility mandatory for companies operating in India having a net profit of Rs 5 crores or above or a net worth of Rs 500 crores or above or a total turnover of Rs 1000 crores or above during any financial year. -
The Australia-India Economic Relationship Mark Thirlwell Chief Economist Australia and India: a Developing Bilateral Relationship Top Ten Trading Partners, 2014-15
Room to grow: The Australia-India economic relationship Mark Thirlwell Chief Economist Australia and India: A developing bilateral relationship Top ten trading partners, 2014-15 Australia's two-way trade with India A$ billions Per cent of all goods and services trade Top ten trading partners goods and services, 2014-15 25 5 A$ bn Share (%) 1 China 149.8 22.7 Value (LHS) 2 Japan 67.7 10.3 20 4 3 United States 64.6 9.8 Share of total (RHS) 4 Korea 34.8 5.3 5 Singapore 28.4 4.3 15 3 6 New Zealand 23.7 3.6 7 United Kingdom 21.1 3.2 8 Thailand 19.9 3.0 10 2 9 Malaysia 19.6 3.0 10 India 18.0 2.7 Subtotal 447.5 67.8 5 1 Total all countries 660.0 100.0 ASEAN 98.6 14.9 0 0 EU 83.1 12.6 Source: DFAT annual direction of trade data Australia Unlimited 3 Balance of trade and exchange rate Australia's trade surplus with India Australia-India bilateral exchange rate A$ billions A$1=INR, end of month* 20 Goods Services 60 55 15 50 10 45 5 40 0 35 Source: DFAT annual direction of trade data Source: RBA. * For February 2016, value is for close on 23 February, not month end Australia Unlimited 4 Top ten export markets 2014-15: Goods vs Services Top ten export markets for goods 2014-15 Top ten export markets for services 2014-15 A$ bn Share (%) A$ bn Share (%) 1 China 81.5 31.8 1 China 8.8 14.1 2 Japan 44.5 17.4 2 United States 7.1 11.3 3 Republic of Korea 18.8 7.4 3 United Kingdom 4.9 7.8 4 United States 13.4 5.2 4 New Zealand 4.0 6.4 5 India 9.8 3.8 5 Singapore 3.8 6.0 6 New Zealand 8.3 3.2 6 India 2.9 4.6 7 Singapore 8.3 3.2 7 Hong Kong SAR 2.1 3.4 8 Taiwan -
Inner 13 India Tax Savings Fund
Modera erate tely Mod High to e H w at ig o er h L d o M V e r y w H Tata India Tax Savings Fund o i L g (An open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit) h Riskometer Investors understand that their principal As on 28th February 2021 PORTFOLIO will be at Very High Risk INVESTMENT STYLE Company name No. of Market Value % of Company name No. of Market Value % of Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets An equity linked tax savings scheme (ELSS) that aims to provide medium to long term capital gains along with Equity & Equity Related Total 262393.51 99.54 Pharmaceuticals income tax benefit under Section 80C of the Income Tax Auto Divi Laboratories Ltd. 180000 6053.58 2.30 Act. Mahindra & Mahindra Ltd. 930000 7499.52 2.84 Cipla Ltd. 750000 5902.88 2.24 INVESTMENT OBJECTIVE Auto Ancillaries Eris Lifesciences Ltd. 920000 5394.88 2.05 To provide medium to long term capital gains along with Tube Investments Of India Ltd.. 300000 3241.35 1.23 Sun Pharmaceutical Industries Ltd. 700000 4162.20 1.58 income tax relief to its Unitholders, while at all times Banks Cadila Healthcare Ltd. 800000 3481.60 1.32 emphasising the importance of capital appreciation. ICICI Bank Ltd. 24507.75 9.30 Software However, there is no assurance or guarantee that the 4100000 investment objective of the Scheme will be achieved. The HDFC Bank Ltd. 1500000 23016.00 8.73 Infosys Ltd. -
Model Portfolio Update
Model Portfolio update January 21, 2016 LatestDeal Team Model – PortfolioAt Your Service Large cap Midcap Name of the company Weightage(%) Name of the company Weightage(%) Auto 14 Aviation 6 Tata Motor DVR 4 Interglobe Aviation 6 Bosch 3 Auto 6 Maruti 4 Bharat Forge 6 EICHER Motors 3 BFSI 6 BFSI 23 BjjFiBajaj Finserve 6 HDFC Bank 8 Capital Goods 6 Axis Bank 3 HDFC 8 Bharat Electronics 6 Bajaj Finance 4 Cement 6 Capital Goods 5 Ramco Cement 6 L & T 5 Consumer 24 Cement 3 Symphony 6 UltraTech Cement 3 Supreme Ind 6 FMCG/Consumer 14 Kansai Nerolac 6 ITC 7 Pidilite 6 United Spirits 2 FMCG 8 Asian Paints 5 Nestle 8 IT 21 Infrastructure 8 Infosys 10 NBCC 8 TCS 8 Oil & Gas 6 Wipro 3 Meida 2 CtlCastrol 6 Zee Entertainment 2 Logistics 6 Metal 2 Container Corporation of India 6 Tata Steel 2 Pharma 12 Oil & Gas 4 Natco Pharma 6 Reliance Industries 4 Torrent Pharma 6 Pharma 12 Textile 6 Lupin 5 Arvind 6 Dr Reddys 4 Total 100 Aurobindo Pharma 3 Total 100 • Exclusion - Eicher Motors, Bajaj Finance (transferred to large cap), PVR, • Exclusion- State Bank of India, Bharti Airtel and ONGC CARE, Cummins & Shree Cement • Inclusion – Eicher Motors, Bajaj Finance (transferred from midcap), Wipro, • Inclusion – Ramco Cement, Bajaj Finserv, Supreme Industries, Indigo, Reliance Industries & Aurobindo Pharma Pidilite, Bharat Electronics and Bharat Forge Source: Bloomberg, ICICIdirect.com Research *Diversified portfolio - Combination of 70% large cap and 30% midcap portfolio OutperformanceDeal Team – At continues Your Service across all portfolios… • Our indicative large cap equity model portfolio (“Quality -20”) has • In the large cap space we continue to remain positive on pharma & IT. -
Earnings Wrap | Q3FY21 ICICI Direct Research
Corporate Earnings Q3FY21: Encouraging quarter, broad based recovery under way! Q3FY21 February 19, 2021 Nifty earnings summary (ex-financials) . Corporate earnings further gained momentum as economic activity Nifty Earnings Summary (ex-financials) rebounded in the post Covid unlocking era with optimism fuelled by the ₹ crore Dec-20 Dec-19 YoY (%) Sep-20 QoQ (%) festive season. Q3FY21 earnings staged an impressive show and were Sales 9,93,184 10,18,466 -2.5% 8,64,970 14.8% broadly ahead of estimates as corporates continue to benefit from EBITDA 1,87,325 1,60,550 16.7% 1,60,462 16.7% lower raw material costs and realised leaner cost structures. Net Profit 92,827 72,364 28.3% 76,421 21.5% Management commentary was enthused by the recent growth oriented Union Budget by the central government with conducive macroeconomics supporting healthy growth prospects, going forward. Positive surprises & Buys At the index level, excluding the BFSI space, in Q3FY21, net sales Apollo Tyres declined ~2.5% YoY, primarily driven by double digit topline decline in the oil & gas domain amid muted crude prices. Ex-oil & gas and banking FirstSource Solutions Wrap Earnings space, Nifty topline posted growth of ~10% YoY. On the profitability JK Cement front, EBITDA margins at the index level came in healthy at 18.9%, up 310 bps YoY. Savings were realised in raw material costs, which, for KNR Construction the quarter, came in at 45.9% of sales, down ~600 bps YoY. At the PAT KPR Mill level, in Q3FY21, growth was stupendous at ~28% YoY. -
Earnings Wrap Q4FY20 ICICI Direct Research
Quarter end lockdown takes toll, one-offs rule Q4FY20 Q4FY20 July 6, 2020 Nifty earnings summary (ex-financials) . March quarter (Q4FY20) results were muted given nationwide Nifty Earnings Summary (ex-financials) restriction on movement of goods amid the outbreak of Covid-19 and ₹ crore Mar-20 Mar-19 YoY (%) Dec-19 QoQ (%) given its concurrence with the crucial last week of the quarter as well as Sales 1,009,682 1,078,145 -6.4% 1,046,555 -3.5% financial year. At the index level, on the topline front, ex-financials, the EBITDA 141,267 167,061 -15.4% 167,819 -15.8% Nifty witnessed a topline decline of 6.4% YoY while operating margins Adj PAT 64,952 90,157 -28.0% 75,219 -13.7% rap came off by 200 bps QoQ to 14% in Q4FY20. Operating margin decline amid gross margin expansion was largely tracking perils of negative Positive surprises & Buys operating leverage. Raw material costs for Q4FY20 declined ~250 bps Aurobindo Pharma QoQ to 49% while other expenses increased ~400 bps QoQ to 25.5%. Consequent operating profit decline was to the tune of 15.4% YoY. This Balrampur Chini Mills Earnings W Earnings coupled with increase in interest and depreciation charge amid lower Bharti Airtel effective tax rate led to >20% YoY decline at the adjusted PAT level for Q4FY20. However, PAT for Q4FY20 was subject to a lot of adjustment Mahindra & Mahindra (impairments, tax reversals, forex losses). Blended tax rate in Q4FY20 Star Cement was at 18.2% vs. 23.7% in Q4FY19, tracking reinstatement of DTL/DTA due to change in corporate tax regime during the fiscal year Nifty EPS estimates & Nifty target R evised S en sex & Nifty Targ et . -
01 Conmen & Media.Cdr
CMYK Segment Focused Balanced Fund UTI SMART WOMAN SAVINGS PLAN SMART WOMAN SAVINGS PLAN Investment Objective Portfolio as on December 31, 2017 Investment objective of the scheme is to invest in a portfolio of equity/equity related Equity % of NAV Rating securities and debt and money market instruments with a view to generating reasonable Bajaj Finance Ltd. 1.95 income with moderate capital appreciation. IndusInd Bank Ltd. 1.68 Yes Bank Ltd. 1.52 HDFC Bank Ltd. 1.24 Snapshot Infosys Ltd. 0.94 Head-Fixed Income & Fund Manager Motherson Sumi System Ltd. 0.91 Mr. Amandeep S. Chopra (Debt Portfolio) - B.Sc. MBA [FMS Delhi] Maruti Suzuki India Ltd. 0.84 Fund Manager : Ajay Tyagi (Equity Porfolio) - CFA, MFC Tata Consultancy Services Ltd. 0.80 Eclerx Services Ltd. 0.76 Date of inception/allotment: 8th March, 2001 Market Capitalisation (%) Shree Cement Ltd. 0.75 Fund size monthly average: ` 369.59 Crore - Equity Portion Kotak Mahindra Bank Ltd. 0.72 Closing AUM: ` 378.38 Crore Large Mid Small HDFC Ltd. 0.71 Page Industries Ltd 0.67 No. of Unit Holders : 27,209 67 32 1 Divis Laboratories Ltd. 0.63 Cadila Healthcare Ltd. 0.62 Minimum Investment Amount : Weighted Average Maturity ü Others 13.75 Growth / Income : ` 1,000 / ` 5,000 6.02 Years Govt Securities NAV as on December 31, 2017 : Yield to maturity ü 6.79% NI GSEC MAT 15/05/2027 12.74 SOV Growth Option: ` 36.86, Income Option: ` 36.86 8.30% ü 6.68% GSEC MAT- 17/09/2031 7.42 SOV High/Low NAV in the month : Growth Option : ` 36.86, ` 36.50 Long Term Debt ü State Bank of India 7.99 CRISIL AA+ Total expense ratio (%) : Direct: 1.89, Regular: 2.54 ü Axis Finance Ltd. -
R in the High Court of Karnataka at Bangalore
1 R IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 12 TH DAY OF JUNE, 2013 BEFORE THE HON’BLE MR. JUSTICE H.N. NAGAMOHAN DAS W.P.No. 16896/2012 C/W W.P.Nos. 21939-942/2011 & 21943-946/2011 , W.P.No.23199/2011, W.P.No.39358/2012 (T-IT) W.P.No. 16896/2012 BETWEEN : -------------- M/S MINDTREE LTD GLOBAL VILLAGE, R.V.C.E. POST, MYLASANDRA, MYSORE ROAD, BANGALORE-560059. (REPRESENTED BY ITS CEO & MANAGING DIRECTOR SRI. KRISHNAKUMAR NATARAJAN AGED ABOUT 54 YEARS, S/O SRI.K. NATARAJAN) ... PETITIONER (By Sri. CHYTHANYA K. K., ADV.) AND : -------- 1.UNION OF INDIA REPRESENTED BY THE SECRETARY TO THE MINISTRY OF FINANCE GOVERNMENT OF INDIA NEW DELHI. 2 2.THE COMMISSIONER OF INCOME-TAX-LTU J S S TOWERS, 100 FT RING ROAD, BANASHANKARI III STAGE, BANGALORE-560085. ... RESPONDENTS (By Sri. E. I. SANMATHI, SR.ADV., FOR R1) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA WITH A PRAYER TO DECLARE THE NEWLY INSERTED PROVISO TO SECTION 115JB (6) BY FINANCE ACT, 2011 AS ULTRA VIRES SECTION 27 OF THE SEZ ACT READ WITH THE SECOND SCHEDULE THERETO & HENCE,UNENFORCEABLE. W.P.Nos. 21939-942/2011 & 21943-946/2011 BETWEEN : -------------- 1.M/S OPTO INFRASTRUCTURE LIMITED OPTO SEZ, NANJANGUD & HASSAN PLOT NO. 83, 2 ND FLOOR, 1 ST PHASE ELECTRONIC CITY, BANGALORE-560100 (REP BY DR. MANJE GOWDA, DIRECTOR) 2.M/S OPTO CARDIAC CARE LIMITED, VSEZ UNIT, PLOT NO. 83 2ND FLOOR, 1ST PHASE ELECTRONIC CITY, BANGALORE-560100 (REP BY DR MANJE GOWDA, DIRECTOR) 3.M/S OPTO EUROCOR HEALTHCARE LIMITED, VSEZ UNIT, PLOT NO. -
KOTAK FOCUSED EQUITY FUND.Cdr
Kotak Focused Equity Fund 28th February, 2020 Scheme Facts About Kotak Focused Equity Fund Structure An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap The investment objective of the scheme is to generate long term capital appreciation/income by investing in equity & and small-cap category equity related instruments across market capitalization of up to 30 companies. Month end AUM* (as on 28th Feb 2020) `1,605.02 crs Monthly Average AUM* Equity Market Brief `1,640.50 crs NAV (as on 28th Feb 2020) The Budget presented a policy continuum,with focus on fiscal prudence and some steps in capital markets, especially Dividend `10.5290 to help India Inc access global financial markets. Direct Dividend`10.646 0 The last 18 months have seen risks emerge from wholesale funded NBFC, over-leveraged promoters having difficulty to Growth `10.5290 roll-over debt etc. Over the few months, lot of these companies have managed to raise capital which is an encouraging Direct Growth `10.6460 development. With RBI introducing newer measures to help in transmission of interest rates, this fall in borrowing costs to India Inc will be viewed positively by markets. Launch Date Coronavirus –while initial impact was localised to Chinese economy and therefore the supply shock given large export 16th July 2019 from China, the spread of virus globally now risks creating a demand shock as well. While global coordination of policy Benchmark makers and containment of virus and improvement in drugs to counter will reduce the longer term impacts of this Nifty 200 TRI shock, near-term will be dominated how the virus stats develops, especially in developed world. -
Market Masala… the Flavors That Influenced the Market This Week
Go India Advisors Weekly Newsletter Market Masala… The flavors that influenced the market this week Week 24/CY20: 6th – 12th June 2020 1 Headlines this week Go India Advisors Another Day, another Deal; Powell GDP statement; Court – interest(ed) or not Weekly Newsletter Supreme Court clarified on the case of interest charged during moratorium. The issue now is limited to interest on interest deferred during moratorium. This is significant less Jio announced 7th and 8th sale of it's equity, this time 1.16% for threatening than question of interest waiver all together. Rs5683cr to Abu Dhabi Investment Authority (ADIA) and Banking sector took a sigh of relief and so did Indian additional 0.93% to Silver Lake Partners for Rs4546cr. Totalling upto 21.06% stake for Rs97885cr. More deals in offing are market. TPG(US$1.5bn), Saudi Arabia's Public Investment Fund (PIF) (US$1.5bn). And some rumours about either Google or Microsoft coming in. US Fed in it MPC on Thursday was dovish as expected. However more than expected downbeat assessment of the economy proved little bit too much for the stock markets to handle. This triggered the worst falls in stock market since 16th March. 13-06-2020 2 Global Markets – risk off Go India Advisors US Fed downbeat assessment of the economy, too hot for market to handle Weekly Newsletter Returns % Data for year 2020; except as specified 13-06-2020 3 Indian market – rally takes a breather Go India Advisors Volatility is the name of the game Weekly Newsletter Indian Markets for Week Ending 12th June 2020 For more information: Click on the image. -
Institutional EYE Special Report | 2014
Institutional EYE Special report | 2014 Dividends: Companies that can pay more The market as a whole has the ability to pay higher dividends. IiAS’ study of the S&P BSE 500 conservatively identifies 77 companies that can pay more. The incremental dividend from these companies alone could aggregate almost ₹360 bn. Going forward, while finalizing its voting recommendations, IiAS will highlight companies that can - and should, pay-out more. In our earlier report ‘Dividends: Is there room for a larger payout?’ we discussed the general patterns and trends of dividend payout of S&P BSE500 companies between 2007-08 and 2011-12. In this report, we have identified companies in the S&P BSE500 index (- excluding banks and NBFCs) based on 2012-13 financials that we believe can and should pay higher dividends. Most companies tend to keep cash on their balance sheets given the complexity and uncertainty of fundraising. On the other hand, higher dividend payouts increase shareholder interest in the stock – and to that extent make fund raising easier. Dividend payments demonstrate a company’s confidence to continually generate earnings in future and show that its earnings are real. In our earlier report, we highlighted that dividend as being one of the factors that has a bearing on company valuations i.e. higher the payout ratio, higher is the valuation. Indian companies tend to be controlled about dividend payments, and hold the purse strings tightly. The excess cash is usually invested in bank deposits and debt mutual funds. As these cash holdings increase in a company’s books, its return ratios generally deteriorate. -
Media Release
Media Release Review of S&P BSE indices Index Committee of S&P BSE Indices has decided to revise the composition of S&P BSE indices as detailed below, w. e. f. June 24, 2013: 1. S&P BSE 200 Index: Exclusions: Inclusions: Code Name Code Name FFF NEYVELI LIGNITE 513683 534816 BHARTI INFRATEL LIMITED CORPORATION LTD. 0.15 531500 RAJESH EXPORTS LTD. 531162 EMAMI LTD 0.30 500840 EIH LTD 533398 MUTHOOT FINANCE LIMITED 0.20 GUJARAT FLUOROCHEMICALS 500173 505200 EICHER MOTORS LTD. LTD. 0.45 532778 LANCO INFRATECH LTD. 532209 JAMMU AND KASHMIR BANK LTD. 0.50 CHAMBAL FERTILISERS & 500085 509480 BERGER PAINTS INDIA LTD CHEMICALS LTD 0.25 532524 PTC INDIA LTD 500034 BAJAJ FINANCE LIMITED 0.35 532670 SHREE RENUKA SUGARS LTD. 500260 MADRAS CEMENTS LTD., 0.55 502742 SINTEX INDUSTRIES LTD 532800 TV18 BROADCAST LTD. 0.45 532391 OPTO CIRCUITS (INDIA) LTD. 500008 AMARA RAJA BATTERIES LTD 0.50 532693 PUNJ LLOYD LTD 532218 SOUTH INDIAN BANK LTD. 1.00 530773 IVRCL LTD 532652 KARNATAKA BANK LTD. 1.00 2. S&P BSE 500 Index: Exclusions: Inclusions: Code Name Code Name FFF 531900 CCL INTERNATIONAL LTD 531465 NOUVEAU GLOBAL VENTURES 0.65 LIMITED 531426 TAMILNADU NEWSPRINT & 526045 LUMINAIRE TECHNOLOGIES LTD 0.75 PAPERS 523838 SIMPLEX INFRASTRUCTURES LTD 534690 LAKSHMI VILAS BANK LTD. 0.95 509631 HEG LTD 531522 RASOYA PROTEIBO LTD 0.70 524051 POLYPLEX CORP. LTD. 502420 ORIENT PAPER & INDUSTRIES LTD. 0.55 532481 NOIDA TOLL BRIDGE CO. LTD. 512105 SHREE NATH COMMERCIAL & 0.85 FINANCE LTD 509550 GAMMON INDIA LTD 512355 ANUKARAN COMMERCIAL 0.90 ENTERPRISES LT 512463 SHREE GLOBAL TRADEFIN LTD 530557 NCL RESEARCH & FINANCIAL 0.80 SERVICES LTD 513250 JYOTI STRUCTURES LTD 500027 ATUL LTD.