Sonia Shenoy

Mahārāshtra

Assistant Executive Editor at CNBC-TV18

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Mazagon Dock to focus on enhancing indigenisation and expanding exports

May 14, 2024 | cnbctv18.com | Sonia Shenoy

Mazagon Dock Shipbuilders, which celebrated its 250th year of service on May 14, aims to continue its thrust of indigenisation and boosting exports.In an interview with CNBC-TV18, Sanjeev Singhal, CMD of Mazagon Dock Shipbuilders spoke at length about the roadmap of the company and provided updates on defence projects and order pipeline.The company has received an export order for six vessels from a European client, noted Singhal.The company also recently procured extra land from the Mumbai...
Newly listed travel platform TBO Tek to focus on expanding hotels business

May 14, 2024 | cnbctv18.com | Sonia Shenoy

Online B2B travel distribution platform TBO Tek made a stellar entry on the bourses, listing at ₹1,426 versus the issue price of ₹920.The New Delhi-based company aims to provide a comprehensive range of services to travel buyers.In an interview to CNBC-TV18, Ankush Nijhawan, Co-Founder and Joint MD, and Gaurav Bhatnagar, Co-Founder and Joint MD of the company shared their strategy for growth including enhancing of ancillary products, particularly in rail services, sightseeing tours, and Euro...
V-Mart Retail targets 13-15% revenue growth in FY25

May 14, 2024 | cnbctv18.com | Sonia Shenoy

same-store sales grew 6%. It opened nine new stores and closed 19 underperforming stores.
Shree Cement expects 8-10% volume growth in FY25

May 14, 2024 | cnbctv18.com | Sonia Shenoy

HM Bangur, Chairman of Shree Cement, believes that demand was deferred due to seasonal factors but it will eventually pick up. expects volumes to grow at 8-10% in April-March 2024-25. The Kolkata-based cement manufacturer beat Street estimates in the January-March quarter, recording volumes of 9.53 metric tonnes versus the expected 9.4 metric tonnes.
RBI's draft norms on project financing to hit credit cost by 7-8 bps: Bank of Baroda

May 13, 2024 | cnbctv18.com | Sonia Shenoy

Debadatta Chand, MD & CEO of Bank of Baroda, on Tuesday (May 14) shed light on the impact of the Reserve Bank of India's (RBI) proposed draft guidelines on financing. Chand stated that while the draft regulations are in the consultation phase, the bank is anticipating a maximum impact of 7-8 basis points on credit costs. The RBI's proposal aims to enforce stricter rules governing lending to projects under implementation.
Pharma analyst names preferred picks in the sector

May 13, 2024 | cnbctv18.com | Sonia Shenoy

Param Desai, Research Analyst at Prabhudas Lilladher, lists JB Chemicals and Pharmaceuticals and Torrent Pharma as his top picks in the midcap space."I think that their earnings trajectory looks very positive (for JB Pharma). Around 80 85% of their profitability comes from domestic pharma plus contract manufacturing, where the visibility is very strong. They can easily double their revenue in the next three to four years on the contract manufacturing side which is a very high margin in nature.
CEO of a $6-billion Pune firm says it may take another year to reach 10% margin

May 12, 2024 | cnbctv18.com | Sonia Shenoy

"As I get into this year, we see a bigger pipeline, at least in steel in power, and then refining and petrochemical also coming back,” he added.
Lal PathLabs expects Swasthfit bundles to aid volumes, plans no further price increases

May 12, 2024 | cnbctv18.com | Sonia Shenoy

₹850 crore on books for three major purposes: regular dividend payouts to shareholders, expansion of labs, and acquisitions. For the Suburban chain of diagnostic centres, Manchanda expects margin to sustain at around 12-13% for the current financial year. Dr Lal PathLabs' shares continued to rise on May 13, gaining nearly 7% early in the day.
Tata Motors shares outperform in a weak market ahead of Q4 results: Here's what to expect

May 8, 2024 | cnbctv18.com | Sonia Shenoy

• Revenue likely to grow by 12% to ₹1.2 lakh crore• Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) may rise 38.2% year-on-year to ₹17,712 crore. • EBITDA margin may rise by 260 basis points to 14.7% from 12.1% last year. • For Jaguar Land Rover (JLR), Kotak Institutional Equities is projecting a 10.6% growth in net sales, 25.7% growth in its EBITDA and a 200 basis points expansion in margins. • JLR volumes have risen 16% from last year during the March quarter.
Tata Communications confident of reaching 23% margin in two years

May 7, 2024 | cnbctv18.com | Sonia Shenoy

Tata Communications confident of reaching 23% margin in two yearsThe focus for Tata Communications, going forward, is integrating the new acquisitions and participating in the market a lot more aggressively. ’ margins have fallen to 20% over the past few years, but MD and CEO Amur S Lakshminarayanan is confident it will reach 23% in the next two years.