GVK Power Q2 net loss widens to Rs 77 crore

GVK Power and Infrastructure on Saturday reported a net loss of Rs 76.94 crore for the quarter ended September 30, 2017.

The company had posted a net loss of Rs 13.41 crore in the corresponding period a year ago, GVK Power and Infrastructure said in a regulatory filing to stock exchanges.

Total revenue during the quarter rose to Rs 20.16 crore as compared to Rs 18.55 crore, it said.

In a separate filing, GVK Power and Infrastructure said its board has accepted the resignation of GVK Reddy as managing director of the company.

He, however, will continue on the board as a non- executive chairman, it said.

The board also approved the appointment of P V Prasanna Reddy as a whole-time director of the company for a period of three years from November 11, 2017, without any remuneration.

Comments

Axis Bank to sell 9% to Bain Capital, others to raise Rs 11,625 crore

The board of Axis Bank on Friday approved stake sale to private equity player Bain Capital and other investors in its bid to raise capital by issue of equity linked securities on a preferential basis. The board of Axis Bank on Friday approved a 9 percent stake sale to Bain Capital and other investors including LIC in its bid to raise capital worth Rs 11,626 crore by issue of equity of equity linked securities on a preferential basis. The issue price of equity Shares at Rs 525 per share while the issue price of convertible warrants is Rs 565 per share. Entities affiliated with Bain Capital propose to invest Rs. 6,854 crore while LIC or Life Insurance Corporation will be issued around 3.02 crore equity shares on a preferential basis to help the bank raise over Rs 1,583 crore, the bank said. Approved by the Board today, Axis Bank proposes to raise Rs 9,063 crore through issuance of equity and the remaining Rs 2,563 crore through issue of warrants. The capital raise ...

THE NIFTY FUTURE Basics of the Index Futures Within the Indian derivatives world, the Nifty Futures has a very special place. The ‘Nifty Futures’ is the most widely traded futures instrument, thus making it the most liquid contract in the Indian derivative markets. In fact you may be surprised to know that Nifty Futures is easily one of the top 10 index futures contracts traded in the world. Once you get comfortable with futures trading I would imagine, like many of us you too would be actively trading the Nifty Futures. For this reason, it would make sense to understand Nifty futures thoroughly. As we know the futures instrument is a derivative contract that derives its value from an underlying asset. In the context of Nifty futures, the underlying is the Index itself. Hence the Nifty Futures derives its value from the Nifty Index. This means if the value of Nifty Index goes up, then the value of Nifty futures also goes up. Likewise if the value of Nifty Index decl...

Basic Option Jargons

BASIC OPTION JARGONS Decoding the basic jargons Call Option’ concepts such as – It makes sense to be a buyer of a call option when you expect the underlying price to increase If the underlying price remains flat or goes down then the buyer of the call option loses money The money the buyer of the call option would lose is equivalent to the premium (agreement fees) the buyer pays to the seller/writer of the call option. In the next chapter i.e. Call Option (Part 2), we will attempt to understand the call option in a bit more detail. However before we proceed further let us decode a few basic option jargons. Discussing these jargons at this stage will not only strengthen our learning, but will also make the forthcoming discussion on the options easier to comprehend. Here are a few jargons that we will look into – Strike Price Underlying Price Exercising of an option contract Option Expiry Option Premium Option Settlement Do remember, since we have only...

WHAT IS STOCK MARKET?

Search This Blog