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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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Kaiser Aluminum 1st-qtr beats Street estimates
Thursday, Apr 26, 2012
Kaiser Aluminum Corp's first-quarter results beat analysts' expectations, driven by higher volume and improved pricing.
January-March profit rose to $27 million, or $1.38 per share, from $11 million, or 57 cents per share, a year ago.
Excluding items, the company earned $1.09 cents per share.
Net sales rose 34 percent to $365 million.
Analysts had expected the company to earn 75 cents per share, on revenue of $352.9 million, according to Thomson Reuters I/B/E/S.
Shares of the Foothill Ranch, California-based company, which has a market value of $922.4 million, closed at $49.20 on Wednesday on the Nasdaq.
 
Courtesy: Worldal.com

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