Read more about Maruti Suzuki climbs after February sales rise 12% YoY on Business Standard. Maruti Suzuki India rose 1.71% to Rs 6,990.20 after the car major s total sales jumped 11.8% to 1,64,469 units in February 2021 over February 2020.
On 26 February 2021, Integrated Core Strategies (Asia) offloaded 3.70 crore equity shares (0.68% equity) of Bharti Airtel at Rs 556.46 per share via bulk deal on the NSE.
Integrated Core Strategies (Asia) had acquired 3.80 crore shares, or 0.7% stake in Bharti Airtel on 31 August 2020 via bulk deal on the NSE.
Meanwhile, Airtel Digital, a wholly-owned subsidiary of Bharti Airtel has agreed to subscribe to 5,000 equity shares (10% stake) in Ferbine for a cash consideration of Rs 50,000 on Thursday, 25 February 2021. The transaction is expected to be completed by 5 March 2021.
On a consolidated basis, the telecom major reported a net profit of Rs 853.60 crore in Q3 FY21 as against net loss of Rs 1,035.30 crore in Q3 FY20. Net sales during the quarter jumped 24.2% year-on-year (Y-o-Y) to Rs 26,517.80 crore.
Editorial: Smoke signals [NGW Magazine]
Mar 1, 2021 11:50:am
Summary High emissions prices and hard financing rules make life hard in the EU. [NGW Magazine Volume 6, Issue 5]
by: NGW
Over the last four months the European Union (EU)’s emissions trading scheme (ETS) certificate has risen by about €15/metric ton (mt) and at time of press was above €40/mt – an all-time high and double the price last April when the pandemic hit.
The rise in the price paid per metric ton of carbon dioxide emitted in Europe was to be expected: the supply of certificates is continually being reduced, as planned, relative to the amount of emissions produced. Industrial prospects are brighter now as the vaccine does its work.
Seplat Cuts Debt, Spends on Gas
Mar 1, 2021 12:15:pm
Summary
by: William Powell
Nigerian producer Seplat generated $330mn from operations last year. The cash went mainly on its major Assa North Ohaji South (Anoh) gas project and repaying $100mn of debt. And despite the lowest oil prices in its 10-year history, the company said it had maintained dividen.
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