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दोनों टेलीकॉम कंपनियों में ग्राहकों को लेकर छिड़ी है जंग

टेलीकॉम क्षेत्र की प्रमुख कंपनी, भारती एयरटेल, नेटल इंफ्रास्ट्रकचर इनवेस्टमेंट्स को करीब 32 फीसदी हिस्सेदारी बेचकर भारती इंफ्राटेल में अपनी 18.3 फीसदी हिस्सेदारी घटाएगी। इंफ्राटेल ने एक नियामकीय फाइलिंग में मंगलवार को इस बात की जानकारी दी। नियामकीय फाइलिंग में कहा गया है कि भारती एयरटेल के पूर्ण स्वामित्व वाली सहायक कंपनी नेटल इंफ्रास्ट्रकचर की इंफ्राटेल में 3.2 फीसदी की हिस्सेदारी है। इस हस्तांतरण के बाद इसकी हिस्सेदारी बढ़कर 35.2 फीसदी हो जाएगी।

18 मार्च के बाद होगा सौदा

भारती एयरटेल की वर्तमान में टेलीकॉम टॉवर कंपनी में 50.3 फीसदी की हिस्सेदारी है। इंफ्राटेल के मुताबिक, यह अधिग्रहण 18 मार्च को या उसके बाद होगा। सौदे के लिए शेयरों की कीमत अधिग्रहण के वक्त पर होने वाले बाजार मूल्य पर या उसके आस-पास होगी। बाजार विशेषज्ञों का कहना है कि हिस्सेदारी के इस हस्तांतरण से तीसरे पक्ष के शेयरों की बिक्री होगी और भारतीय एयरटेल को पैसे जुटाने में मदद मिलेगी।

भारती एयरटेल के शेयरों में 5.12 फीसदी की बढ़त

घोषणा के परिणास्वरूप, भारती एयरटेल के शेयरों में दिनभर के कारोबार के बाद 5.12 फीसदी की बढ़त के साथ बंद हुए। भारती एयरटेल के शेयर 350.80 रुपए प्रति शेयर के साथ बंद हुए। पिछले दिन के मुकाबले भारती एयरटेल के शेयर 17.10 रुपए ज्यादा पर बंद हुए। हालांकि, इस घोषणा के बाद भारती इंफ्राटेल के शेयर 0.72 फीसदी की गिरावट के बाद 317.05 रुपए प्रति शेयर पर बंद हुए। दिनभर के कारोबार में भारती इंफ्राटेल ने 322.55 का उच्चतम स्तर छुआ।

जियो से मुकाबले के लिए हो सकता है धन का इस्तेमाल

टेलीकॉम सेक्टर से जुड़े लोगों का कहना है कि मौजूदा समय में इस सेक्टर रिलायंस जियो और भारती एयरटेल कड़ा मुकाबला चल रहा है। दोनों ही कंपनियां ग्राहक संख्या बढ़ाने के लिए नए-नए ऑफर लेकर आ रही हैं। विशेषज्ञों का मानना है कि इस सौदे से आने वाली धनराशि का भारती एयरटेल जियो से मुकाबले के लिए इस्तेमाल कर सकती है।

शेयर बाजार समाचार और शेयर के उतार चढ़ाव तथा इन्वेस्टमेंट के लिए विसिट करे हमारे ब्लॉग पर और पाए अपडेट न्यूज़ और हमारी बेस्ट सर्विसेज देखने के लिए क्लिक करे - Stock Cash Trading Tips

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The appellate tribunal said the country’s largest lender had “clapped with RCom” or, in other words, worked with the telecom player.

The National Company Law Appellate Tribunal (NCLAT) on Monday admonished State Bank of India (SBI), saying the lender had given a false impression that the RCom-RJio deal would fetch about `37,000 crores.

The NCLAT bench wondered why should there not be proceedings against the lender for painting a rosy picture of RCom. “SBI created a false impression, gave a rosy picture before us,” the two-member NCLAT bench, headed by chairperson SJ Mukhopadhyay observed.

The appellate tribunal said the country’s largest lender had “clapped with RCom” or, in other words, worked with the telecom player.

“You (SBI) have failed. JLF has failed. No sale took place. You clapped with RCom and claimed that you would recover around Rs 37,000 crore from the sale to Jio. You cited losses of crores per day. You failed and now will seek to recover `260 crores,” the bench observed.

The appellate tribunal pulled up SBI for not releasing the Rs 260-crore income tax returns lying with it, which could be used by RCom to pay Swedish telecom equipment maker Ericsson. The bench was hearing a plea by RCom seeking the tax refund be released in favor of Ericsson.

The release would help RCom to clear a part of its Rs 550-crore dues to Ericsson. The Supreme Court had, on February 20, held RCom chairman Anil Ambani and two others guilty of contempt for violating its order by not paying dues of `550 crores to Ericsson. The apex court had said that they would face a three-year jail term if the company failed to pay up within four weeks.

It also reminded the lenders that once the corporate insolvency resolution process (CIRP) begins, lenders would not get the `260 crores since it would go to the corporate debtor. The NCLAT had earlier halted insolvency proceedings against RCom after the case was admitted by the Mumbai bench of National Company Law Tribunal (NCLT) on May 15, 2018. The apex court had on October 23 asked RCom to clear the dues by December 15, 2018.

RCom has already deposited Rs 118 crore with the Supreme Court. Moreover, it has asked lenders to release the income tax refunds of Rs 260 crore directly to Ericsson. The company is planning to raise Rs 200 crore to pay Ericsson Rs 550 crore including interest.

“Why should SC orders not be respected? Sending someone (Anil Ambani) to jail will not solve the problem before us. The SC has directed the company to repay the money,” it observed.

On February 4, the NCLAT had allowed Ericsson to file its reply on RCom’s plea for withdrawal of the appeals. The appellate tribunal had also directed the company not to sell, transfer or alienate any moveable or immovable property of the company without the prior permission of the NCLAT.

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The Insolvency and Bankruptcy Board of India (IBBI) has said it did not find any contradiction in approvals of resolution for Essar Steel and Binani Cement in the context of “value maximization”, reports PTI.

The Insolvency and Bankruptcy Board of India (IBBI) has said that it did not find any contradiction in approvals of resolution for Essar Steel and Binani Cement in the context of “value maximization”. The Ahmedabad bench of National Company Law Tribunal (NLCT) has approved the ArcelorMittal’s Rs 42,000 crore resolution plan, rejecting the Ruias settlement offer of Rs 54,389 crore.

Recently, in the case of Binani Cement, the Kolkata bench of NCLT approved the resolution plan of UltraTech Cement which was higher than what the Dalmia Bharat group had to offer even after the Committee of Creditors (CoC) earlier selected them as the higher bidder. The case debated a lot on value maximization in a corporate resolution plan.

“In Binani, the one which was approved was within the rules. The one which was rejected was because it was not balancing the interest of the stakeholders,” IBBI chairman M S Sahoo told PTI when asked about resolutions of Essar Steel and Binani Cement. “Value maximization is the assets of the debtor and not of the creditor. This is not a recovery by finance institutes but value maximization is for the corporate debtor,” he said. If the CoC has approved “within the process”, then it is valid for both Binani as well as ArcelorMittal.

The Committee of Creditors (CoC) is supreme in commercial matters but that supremacy has to be within the framework of law, he pointed out. “We continue to believe that our settlement proposal of Rs 54,389 crore is the most compelling one available to Essar Steel creditors and fulfills the IBCs declared overriding objective of value maximization, which has been established time and again by courts at all levels,” Essar said in their reaction after the NCLT approval.

“EXIM Bank decided to pursue the case before the adjudicating authority, with a prayer for equitable and fair treatment to all, while maximizing the value detected …We are happy that the judgment has agreed with the basic tenets of our stand and cemented a new perspective to the IBC,” a senior Exim Bank official had commented.

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The Food and Drug Administration on Tuesday greenlighted Johnson & Johnson’s nasal spray Spravato, a close chemical cousin of the anesthetic ketamine that works quickly to alleviate symptoms of depression.

Severely depressed patients will have a new, fast-acting treatment option after the U.S. approved a breakthrough drug that has the potential to upend how the condition is treated.

The approval of the first major breakthrough drug for depression since Prozac in 1987 could usher in a wave of new fast-acting treatments. Existing options typically take weeks to work and aren’t effective for all patients. Companies like Sage Therapeutics Inc. and Allergan Plc are also testing depression drugs that work quickly.

“We’re working tirelessly here to ensure that we have resources available to support bringing treatment centers up to help patients with treatment-resistant depression because this is truly a devastating disease, and these patients have been waiting for quite some time for therapies to provide relief for them,” said Courtney Billington, president of J&J’s Janssen neuroscience division.

Medical centers that would like to administer the drug will have to be certified under J&J’s Risk Evaluation and Mitigation Strategies program. The product could be available within days at centers that complete the REMS certification and are properly equipped. J&J estimates that hundreds of centers could be ready to give the drug within the first year.

The certification safeguards have been put in place because ketamine is sometimes abused. Ahead of approval, a panel of experts weighed the abuse potential of ketamine, which at much higher doses is a party drug and can put users into a so-called K hole in which they’re unable to interact with the world around them. In a report, agency staff called ketamine abuse “relatively uncommon,” with just 1.3 percent of people over age 12 abusing the drug, lower than the abuse rates for other hallucinogens like ecstasy and LSD.

The drug is also being tested in suicidal people. That data is expected later this year. Spravato was developed by J&J after a group of researchers discovered that ketamine, which was off-patent, had a surprisingly rapid antidepressant effect. Some of the first research showing that dates back to the 1990s, and that work was furthered by the National Institutes of Health before being developed into a pharmaceutical treatment by J&J.

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Indian equity benchmarks are trading marginally in red in early deals on Tuesday after US President Donald Trump said he intends to end India’s preferential trade treatment under the Generalized System of Preferences program (GSP) that allows $5.6 billion worth of Indian exports to enter the United States duty-free. Traders remain concerned with the Finance Ministry’s statement that Goods and Services Tax (GST) collections in February dropped to Rs 97,247 crore from Rs 1.02 lakh crore in the previous month. The government has lowered the GST collection target for current fiscal to Rs 11.47 lakh crore in the revised estimates, from Rs 13.71 lakh crore budgeted initially. However, losses remain capped as traders took some solace with Economic Affairs Secretary Subhash Chandra Garg stating that spurt in PMI indicates strong inflow of new orders and strengthening of manufacturing sector growth.

Global cues too remained sluggish with most of the Asian counters are trading in red at this point of time after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the US. The US markets ended in red on Monday, following weak US construction data and investors awaited more details on an expected US-China trade deal.

Back home, market participants remained on sidelines ahead of the Nikkei India Services PMI for February 2019 will be released later in the day. Services PMI dipped to a three-month low of 52.2 in January 2019 from 53.2 in December 2018. On the sectoral front, stocks related to NBFC sector remained in focus with Crisil’s report that the RBI's move to align risk weights of banks' exposure to non-banking finance companies (NBFCs) with their respective credit ratings will help banks to create a lending headroom of Rs 1.4 lakh crore.

The BSE Sensex is currently trading at 36020.19, down by 43.62 points or 0.12% after trading in a range of 35926.94 and 36141.07. There were 17 stocks advancing against 14 stocks declining on the index.

The broader indices were trading in green; the BSE Mid-cap index gained 0.77%, while Smallcap index was up by 1.18%.

The top gaining sectoral indices on the BSE were Metal up by 1.23%, Basic Materials up by 1.18%, Power up by 1.11%, Utilities up by 0.95% and PSU was up by 0.86%, while IT down by 0.58%, TECK down by 0.57%, Capital Goods down by 0.16% and Energy was down by 0.05% were the few losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 2.14%, Tata Motors - DVR up by 1.83%, Tata Steel up by 1.26%, NTPC up by 1.08% and Hero MotoCorp up by 1.02%. On the flip side, Larsen & Toubro down by 1.04%, Infosys down by 0.69%, Mahindra & Mahindra down by 0.67%, Bharti Airtel down by 0.57% and Reliance Industries down by 0.51% were the top losers.

Meanwhile, the Finance Ministry has stated that Goods and Services Tax (GST) collections slipped below Rs 1 lakh crore mark to Rs 97,247 crore in the month of February from Rs 1.02 lakh crore in the previous month. The number of sales return or GSTR-3B filed for the month of January up to February 28, 2019 is 73.48 lakh. For the current fiscal year, GST collections till February touched to Rs 10.70 lakh crore.

The Ministry said the total gross GST revenue collected in February 2019 is Rs 97,247 crore of which Central GST (CGST) is Rs 17,626 crore, State GST (SGST) is Rs 24,192 crore, Integrated GST (IGST) is Rs 46,953 crore and Cess is Rs 8,476 crore.

For the current financial year, the Centre has lowered the GST collection target to Rs 11.47 lakh crore in the revised estimates, from Rs 13.71 lakh crore budgeted initially. For the next fiscal 2019-20, the government has pegged GST collection target at Rs 13.71 lakh crore.

The CNX Nifty is currently trading at 10846.80, down by 16.70 points or 0.15% after trading in a range of 10817.00 and 10864.85. There were 26 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were Indiabulls Housing up by 2.65%, Tata Motors up by 2.30%, HPCL up by 1.74%, JSW Steel up by 1.74% and BPCL up by 1.43%. On the flip side, Wipro down by 1.85%, Tech Mahindra down by 1.78%, Eicher Motors down by 1.45%, Dr. Reddys Lab down by 1.17% and Larsen & Toubro down by 1.04% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 decreased 100.52 points or 0.46% to 21,721.52, Straits Times shed 10.27 points or 0.32% to 3,240.81, Hang Seng slipped 8.82 points or 0.03% to 28,950.77, Taiwan Weighted dropped 29.26 points or 0.28% to 10,320.62, KOSPI declined 12.58 points or 0.57% to 2,178.08 and Jakarta Composite was down by 60.87 points or 0.94% to 6,427.55. On the flip side, Shanghai Composite was up by 3.42 points or 0.11% to 3,031.00.

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In February, an official from Aviation Partners, which is leased five Boeing 737 800 aircraft to Jet, said the company hasn’t received any payments since October last year.

Jet Airways has been forced to ground two more aircraft due to non-payment of lease rental, the airline said in an exchange filing on Monday. With this, a total of 25 aircraft have been grounded in less than a month for unpaid dues, including the newly introduced Boeing 737 Max, Boeing 737 NG, and Airbus A330 planes. The airline has been compelled to cancel nearly 200 domestic flights every day, approximately a third of the daily schedule of 600 flights.

The beleaguered airline, which is looking for an investor to bail it out, is negotiating with lessors, the management said.

According to a senior Directorate General of Civil Aviation (DGCA) official, cancellations by Mumbai-based Jet Airways have nearly doubled to 200 per day from 100-odd flights in December.

Jet did not respond to FE’s queries sent till the time of going to press. The full-service carrier had, on March 2, grounded two aircraft due to non-payment of amounts outstanding to lessors.

The official said at least seven more aircraft, including ATR turboprop jets, have been taken off the fleet for lack of spares. “There has been no notice for de-registration (of aircraft) so far,” the official added.

Last week, civil aviation secretary Pradeep Singh Kharola had said flight cancellations by Jet were very high.

“The DGCA is monitoring the grounding of aircraft and flight cancellation which is very high currently,” Kharola told reporters on the sidelines of CII’s Aviation Conclave on Wednesday.

After announcing the grounding of four of its planes on February 7 for non-payment to lessors, the airline took another two aircraft out of operations due to similar reasons on February 23. On February 27 and 28, Jet Airways grounded seven and six aircraft, respectively, due to the non-payment of lease rentals. Later, two aircraft were grounded on March 1 and as many on March 2.

According to sources, Jet’s equity partner Etihad Airways may be unwilling to infuse any funds in the interim in the cash-strapped carrier. The Abu Dhabi-based airline, which has a 24% stake in Jet, is believed to have decided to infuse funds only after the bank-led resolution plan (BLRP), which is being piloted by State Bank of India, is finalized and approved.

Meanwhile, Jet Airways founder Naresh Goyal may be willing to step down as chairman of the airline’s board.

Since the BLRP’s finalization and approval from all the concerned stakeholders will take time, the airline needed funds in the interim to pay its pilots, vendors and aircraft leasing firms.

As is known, the bank-led resolution plan includes infusion of funds, restructuring of debt and the monetization of assets. The BLRP has estimated a funding gap of around `8,500 crore (including proposed repayment of aircraft debt of around `1,700 crores) which will be met by an appropriate mix of equity infusion, debt restructuring, sale/sale and leaseback/refinancing of aircraft, among others.

Once approved by all the required sections, lenders led by SBI would become the largest stakeholders in the airline. The stake of Goyal would come down to around 20-22% from the current 51%.

According to the monthly passenger data, Jet’s domestic passenger count was down 9% year-on-year during January while its market fell to 11.9% — the lowest in at least five years — behind national carrier Air India’s 12.2%. In February, an official from Aviation Partners, which is leased five Boeing 737 800 aircraft to Jet, said the company hasn’t received any payments since October last year.

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Australian stocks fell 0.1 percent, South Korea's KOSPI shed 0.5 percent and Japan's Nikkei lost 0.5 percent

Asian stocks slipped on Thursday after cautious comments from the United States (US) Trade Representative Robert Lighthizer dented some of the recent optimism towards Sino-US trade relations, while the dollar held gains, supported by higher bond yields.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent.

Australian stocks fell 0.1 percent, South Korea's KOSPI shed 0.5 percent and Japan's Nikkei lost 0.5 percent.

Global equities scaled a four-month high earlier this week helped by upbeat expectations towards US-China trade talks. On Wednesday, however, they dipped after Lighthizer said it was too early to predict an outcome in talks between Washington and Beijing.

“Lighthizer's comments trimmed a bit of the trade resolution hopes which had grown recently, and equities are exposed to some downward pressure. As for tensions between India and Pakistan, it is a concern. But it remains a regional topic for the moment and the overall market impact has been limited thus far,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.

The conflict between India and Pakistan heated up after both said on Wednesday that they shot down each other's fighter aircraft.

In currency markets, the dollar index against a basket of six major currencies stood little changed at 96.085.

The index had edged up 0.1 percent overnight when it managed to pull away from a three-week trough as Treasury yields rose ahead of the US fourth-quarter gross domestic report release.

The greenback traded at 110.865 yen, having bounced back from a low of 110.355 brushed momentarily on Wednesday as tensions between India and Pakistan flared.

The Japanese currency often attracts demand in times of political tensions and market turmoil.

The euro was a shade higher at $.1.1377 after slipping 0.15 percent overnight.

The pound stood close to a near eight-month peak of $1.3351 reached the previous day. Sterling has rallied this week as investors ramped up bets that a no-deal Brexit was less likely and that Britain's departure from the European Union (EU) would be delayed.

US crude oil futures were 0.07 percent higher at $56.98 per dollar, adding to gains from the previous day when the contracts had surged 2.5 percent.

Crude rallied on Wednesday after US inventories unexpectedly plummeted and as Saudi Arabia brushed aside comments from US President Donald Trump seeking to keep oil prices from climbing.

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