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Walmart Flipkart Deal, HDFC Q4 Results et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 30, 2018 12:07 PM 1 min read
Editorial

End of Day Wrap-up (Monday / April 30, 2018) #Walmart #Flipkart #Amazon #agriculture #Lodha #Mobile #Sprint #Transfin

Editor's comment: Walmart likely to get 3-4 seats on the 10 member Flipkart Board post $12bn investment. Offer from Amazon India awaited. Walmart likely to place CFO and Head of Legal Compliance.

 

Official panel on 'Doubling Farmers' Income' (DFI) say government's crop insurance scheme suffering from low coverage, delayed/non-payment of claims etc. If underlying issues affecting Pradhan Mantri Fasal Bima Yojana are nor resolved, the government official target of putting 50% of gross cropped area under insurance may not be met by 2019.

 

Govt claims achievement of national electricity grid connectivity of all villages. Electrification of each household a distant target with only 8-10% penetration per village.

 

Lodha Group's 9M revenues in 2017 above DLF, country's largest property developer. Company filed its IPO draft red herring prospectus last week.

 

HDFC reports 39% rise in net profit to INR2,846.22 cr in Q4 vs. INR2,044 cr previous year on back of healthy net interest margin.

 

T-Mobile agree to acquire Sprint for $28bn to form 3rd largest US telecom player. Sainsbury acquires ASDA for $10bn to create UK's largest retailer.