IndusInd Bank to raise up to Rs 30,000 crore through debt and equity business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Avenue Supermarts total revenue for the quarter ended 30 June 2021 stood at Rs.5,183 crore, as compared to Rs. 3,883 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY22 stood at Rs. 224 crore, as compared to Rs. 112 crore in the corresponding quarter of last year. EBITDA margin stood at 4.3% in Q1 FY22 as compared to 2.9% in Q1 FY 21. Net Profit is at Rs. 95 crore for Q1 FY22, as compared to Rs. 40 crore in the corresponding quarter of last year. PAT margin stood at 1.8% in Q1 FY22 as compared to 1.0% in Q1 FY 21.
Maruti Suzuki India said the company has launched Maruti Suzuki Smart Finance, a digital end-to-end online car financing platform. Maruti Suzuki Smart Finance is now made available for ARENA as well as NEXA customers. It is also available pan India. It covers a wide range of profiles to meet the demands of a diverse range of customers.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 288.76 points or 0.55% at 52,674.95. The Nifty 50 index was up 83.90 points or 0.53% at 15,773.70. Upbeat Asian stocks boosted sentiment.
The S&P BSE Mid-Cap index was up 0.63%. The S&P BSE Small-Cap index was up 0.93%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 2090 shares rose and 574 shares fell. A total of 112 shares were unchanged.
In economic data, the Industrial Production and Manufacturing Production data for May will be released today, 12 July 2021. Inflation rate for June is also due today, 12 July 2021.
Falklands' fisheries legislation reform, a view from Galicia mercopress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mercopress.com Daily Mail and Mail on Sunday newspapers.
Loadshedding, tariffs fuel KSE Solar Fund investment case
The Investment opportunity
Many medium sized Commercial and Industrial (“C&I”) companies in South Africa are high electricity users (for example: manufacturers, abattoirs and businesses operating in an environment requiring regular heating or cooling). Not only are these businesses faced with the challenge of continuous load shedding, but are now also finding it difficult to maintain their profit margins while energy costs are increasing at alarming rates every year.
The investment opportunity is simply to provide these C&I customers with an environmentally friendlier, less expensive energy solution than Eskom and the Municipalities, while at the same time reducing the strain on the national grid. Coupled with an upfront tax benefit, targeted returns to investors are substantial. This is exactly what an investment in KSE Solar Fund 2 entails.