Soumeet Sarkar
BQ Prime
Mumbai, MH, India
Contact Soumeet
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Soumeet:
No Daily Change In Petrol, Diesel Prices Is Hurting Indian Oil, BPCL, HPCL As Well
When crude oil prices tumbled, India gave up daily change in petrol and diesel prices and raised the fuel tax instead. While consumers of course didn’t benefit, Indian Oil, BPCL and HPCL too are now feeling the squeeze due to the move. → Read More
Analysts Remain Bullish On Bharti Airtel After Fourth-Quarter Results
Shares of Bharti Airtel Ltd. hit an all-time high after the telecom operator posted its biggest revenue growth in 30 quarters.The carrier’s revenue rose 8.1 percent sequentially to Rs 23,723 crore in the quarter ended March, higher than the Rs 23,154-crore estimate, according to an exchange filing. → Read More
General Atlantic To Invest Rs 6,598 Crore In Jio Platforms
General Atlantic agreed to buy Rs 6,598 crore stake in Jio Platforms as the private equity firm became the fourth investor to bet on billionaire Mukesh Ambani’s telecom and technology assets in less than a month. → Read More
Adani Group Plans To Bring Down Promoter Pledge To Zero
Adani Pledged Shares: Adani Group intends to lower its promoter pledge to zero over the next 12-18 months, Adani Ports CEO Karan Adani says. The Gautam Adani-founded conglomerate has six listed companies in India, including Adani Gas, Adani Power, Adani Transmission, Adani Green Energy and Adani Enterprises. → Read More
Q4 Preview: RIL Profit Expected To Drop The Most In 12 Years. But There’s A Silver Lining.
RIL is expected to see its standalone net profit decline by nearly 24 percent sequentially to Rs 7,303 crore in the three months ended March, according to the average of estimates complied by BloombergQuint. But the consumer business of the Mukesh Ambani-controlled group comprising telecom and retail is expected to cushion the oil-to-telecom conglomerate. → Read More
How A Delayed Bharti Infratel-Indus Towers Merger Is Hurting Vodafone Idea
The impending merger of Bharti Infratel Ltd. and the unlisted Indus Towers Ltd. that would create the largest tower company outside China has been delayed four times till now, hurting the Vodafone Group and Kumar Mangalam Birla-owned Vodafone Idea Ltd. → Read More
Facebook To Invest $5.7 Billion In Mukesh Ambani’s Jio Platforms
Facebook-Jio Deal: Facebook will buy about 10% of Jio Platforms, becoming the largest minority shareholder, Reliance Industries (RIL) says in a statement. The Facebook-Jio deal would bring together Reliance’s e-commerce venture JioMart and WhatsApp to enable people to connect with businesses. → Read More
Q4 Results: 10 Mid-Cap Stocks To Watch Out For This Earnings Season
India Q4 Results 2020: Vodafone Idea, Nippon Life India, Birla Corp, Rallis India and Alembic Pharma are expected to post the biggest jump in Ebitda margin. Phoenix Mills, Radico Khaitan, Page Industries, Orient Cement and Sagar Cements are expected to post the biggest decline in Ebidta margin. → Read More
Analysts Lower Targets For 90% Of Indian Stocks Amid Covid-19 Crisis
Analysts lowered target prices for 90 percent of Indian stocks in the past two months as the Yes Bank Ltd.’s fiasco, falling crude and now the lockdown to contain the new coronavirus pandemic are expected drag growth further below its lowest level in 11 years. → Read More
Cargo Volumes Fall The Most In Five Months Amid Coronavirus Outbreak
Cargo handled by Indian ports fell the most in five months, dragged down by a drop in liquid cargo and container volumes, as the coronavirus outbreak stalled economic activities.Ports across the country handled 618.7 lakh tonnes of cargo in March, a decline of 5 percent over the year-ago period, according to data compiled by BloombergQuint. → Read More
A Trifecta Of Problems Face Oil Marketers In Fourth Quarter
State-owned oil marketers are expected to report one of their worst quarterly earnings in the three months ended March on account of a sharp drop in crude prices and fall in refining and marketing margins. → Read More
IndiGo, SpiceJet Stare At Rs 7,000 Crore Hit From Covid-19 Shutdowns
Coronavirus Impact On Aviation: ICICI Securities estimates IndiGo and SpiceJet may report losses of Rs 5,494 crore and Rs 1,412 crore, respectively, due to international and domestic flights cancelled in the wake of Covid-19-triggered lockdown in India. → Read More
Here’s What The Rout Has Done To Valuation Of Nifty 50 Stocks
The Nifty 50 index has tumbled by more than a fourth in March, tracking the global selloff as the trade disruption by Covid-19 pandemic caused panic selling worldwide. → Read More
AGR Dues: A Wide Gap Between Government And Telecom Firms’ Assessment
Three of India’s four telecom operators said they have fully paid the outstanding statutory dues based on adjusted gross revenue after self-assessment. But that’s way short of what the government expects. → Read More
Why Retail Fuel Prices Are Still High Despite Crude’s Biggest Fall Since 1991
Indian consumers are yet to benefit from lower crude oil prices as a depreciating rupee eroded gains made by oil marketing companies. → Read More
IndiGo, SpiceJet Face Turbulence As Coronavirus Hits Foreign Travel
Coronavirus Impact On Aviation: IndiGo, SpiceJet shares have tumbled 16-25% in last one month due to a dip in flight ticket bookings, especially to Southeast Asia. Ticket prices of flights to virus-hit locations, including Italy and Dubai, have tumbled 20-30%. → Read More
These Stocks Remain Analysts’ Favourite Amid Coronavirus-Fuelled Market Turmoil
Coronavirus Impact On Markets: Sadbhav Engineering, Ashoka Buildcon, Kalpataru Power, GAIL (India), PNC Infratech, Dalmia Bharat, NTPC, Repco Home Finance, State Bank of India (SBI), Federal Bank, Adani Ports, KNR Construction, Aditya Birla Fashion and Apollo Hospitals are the stocks that remain immune from a viral selloff. → Read More
Bharti Infratel To Meet On Feb. 24 To Decide How To Merge With Indus Towers
Bharti Infratel Ltd. said that its board would meet on Monday to decide how it would merge with peer Indus Towers Ltd., following the Telecom Department’s approval for the deal. → Read More
Airtel Africa Q3 Results: Operating Profit Hits All-Time High On Revenue Boost
Airtel Africa Q3 Results: Operating profit of Bharti Airtel’s Africa unit rose 24% year-on-year to $399 million on the back of revenue that increased 14.2% to $883 million. → Read More
Air India Is Up For Sale Again. Here’s What’s Different This Time
Having failed to draw buyers for the Modi administration’s most ambitious privatisation effort in 2018, India sweetened the terms in its fresh bid to sell debt-laden Air India by easing eligibility criteria and allowing sale and leaseback of aircraft. → Read More