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News Live: BJP releases 1st list of 70 candidates for Gujarat Assembly polls

2017-11-17 moneycontrol
Ace investor, Rakesh Jhunjhunwala, Partner, Rare Enterprises said the ratings upgrade by Moody’s earlier on Friday did not come as a surprise for him but, it could be for those who were criticising efforts made by the Modi government to revive the economy. “I see the economy growing by 7.5-8% by next year. Most importantly, it is a recognition of the fact that however disruptive in the short term the measures were, all the actions which the government took were correct, bold and required,” he said. (12-0)

News Live: It is encouraging to see international recognition on reforms, Jaitley on Moody’s upgrade

2017-11-17 moneycontrol
Ace investor, Rakesh Jhunjhunwala, Partner, Rare Enterprises said the ratings upgrade by Moody’s earlier on Friday did not come as a surprise for him but, it could be for those who were criticising efforts made by the Modi government to revive the economy. “I see the economy growing by 7.5-8% by next year. Most importantly, it is a recognition of the fact that however disruptive in the short term the measures were, all the actions which the government took were correct, bold and required,” he said. (12-0)

News Live: United Spirits seeks to recover Rs 1.8k cr from United Breweries, says report

2017-11-17 moneycontrol
In an arbitration case fought between Diageo owned United Spirits (USL) and United Breweries Holdings (UBHL), the former had claimed a recovery of around Rs 1,800 crore including interest from Vijay Mallya’s holding company after it defaulted between 2010 and 2013, sources told The Economic Times. The ongoing arbitration in Bengaluru, which was to be concluded in few months, has now been extended by six months. (14-0)

News Live: Sebi to investigate possible leak of company earnings

2017-11-17 moneycontrol
The Securities and Exchange Board of India (Sebi) will investigate possible leaks of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday. A Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups. “We will certainly investigate the issue. It is a work in progress,” Tyagi, Chairman of Sebi, said when asked what action the regulator was considering. (12-0)

News Live: RBI likely to list 50 more bad loan accounts

2017-11-17 moneycontrol
The Reserve Bank of India (RBI) may come out with a list of 50 more bad loan accounts, including the accounts which are close to being termed as stressed accounts, reports the Economic Times. The central bank is likely to set March 31, next year, as the deadline for the banks to resolve the issue or go ahead with bankruptcy proceedings against the borrowers, a finance ministry official said. The new list will be clubbed with the earlier identified bad loan accounts, including the ones where bankruptcy procedures are in the process. (12-0)

News Live: Coal India may increase prices to meet rise in wage costs, says report

2017-11-17 moneycontrol
Coal India is considering raising prices to meet the cost of the 20% wage hike, reports The Economic Times. It last raised prices by 10% in May last year. “Unless coal prices are hiked it would be very difficult to attain a decent profit this fiscal,” a senior company executive said. He said the wage bill puts an additional burden Rs 5,800 crore annually, and another Rs 9,500 crore needs to be spent on expansion. (12-0)

News Live: IRPs initiate fresh forensic audit of Essar Steel, Bhushan Steel accounts, says report

2017-11-17 moneycontrol
Insolvency professionals of Essar Steel and Bhushan Steel have initiated fresh forensic audits of these companies’ accounts following the recent changes in rules introduced by the bankruptcy regulator, sources told Mint. The purpose of the audit is to ascertain if there was any preferential treatment given by promoters to related parties or any non-related parties during the two years preceding the commencement of insolvency proceedings, and if there were any undervalued or fraudulent or extortionate credit transactions. (5-0)

News Live: Goldman Sachs head calls for a second Brexit referendum

2017-11-17 moneycontrol
Lloyd Blankfein, the head of Goldman Sachs, has come out in favour of a second vote on Britain's membership of the European Union, reports CNBC. In a tweet Thursday afternoon, Blankfein, an American, said that in the UK many chief executives were wanting a confirmation vote. The Goldman boss said: "So much at stake, why not sure make consensus still there?" (3-0)

Spirit Realty Capital's (SRC) CEO Jackson Hsieh on Q3 2017 Results - Earnings Call Transcript

2017-11-03 seekingalpha
Good morning, and welcome to the Spirit Realty Capital 2017 Third Quarter Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation there'll be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. (141-1)

Alliance Data Provides Card Services Performance Update For September 2017

2017-10-13 prnewswire
DALLAS, Oct. 13, 2017 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today provided an update on its Card Services segment. (39-0)

Spirit Realty Still Spooks Me

2017-10-02 seekingalpha
I have no intention of jumping on the BUY-BUY-BUY train, as it could come to a screeching halt as quickly as the frothy returns that Spirit has generated. (16-0)

Spirit Still Spooks Me

2017-10-02 seekingalpha
I have no intention of jumping on the BUY-BUY-BUY train, as it could come to a screeching halt, as quickly as the frothy returns that Spirit has generated. (14-0)

Spirit Realty Announces Pricing of Preferred Stock Offering

2017-09-27 prnewswire
DALLAS, Sept. 27, 2017 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company") announced today that it has priced an underwritten public offering of 6,000,000 shares of 6.000% Series A Cumulative Redeemable Preferred Stock with a liquidation preference of $25.00 per share for net proceeds of $144.8 million after deducting the underwriting discount and the Company's estimated expenses. (112-0)

Spirit Realty - 6% For Stability

2017-09-27 seekingalpha
Spirit Realty Capital joined the preferred stock issuance parade today with their inaugural issue - the Series A. (63-0)

Is Spirit Eternal? Or Will It Die In The Split?

2017-09-19 seekingalpha
We ran the numbers as to what would the split companies need to be valued at to reward the shareholders. (11-0)