Banking sector set for more pain, deratings likely: Hemang Jani, Sharekhan
A major concern is that the government has very little room for a boost for revival.
Medium scale companies may be given credit risk cover
The Credit Guarantee Fund Trust for Micro and Small Enterprises, run by the government ...
Sachin Bansal to put $400m in banking biz
Bansal could likely invest $400-450 million in the new venture, according to estimates, which will ...
Share market update: Pharma shares up; Piramal Enterprises rises 1%
The Nifty Pharma index was trading 0.2 per cent up at 8285.95 .
India’s SWF gets ready to launch non-bank lender
NIIF already counts CPPIB, Abu Dhabi Investment Authority, AustralianSuper, Ontario Teachers’ Pension Plan, Temasek, Axis Bank, HDFC Group, ICICI Bank and Kotak Mahindra Life Insurance as investors in the NIIF Master Fund, along with the government of India.
Sensex drops 200 points, Nifty below 12,200 as IMF cuts India's growth forecast
The IMF on Monday lowered India's economic growth estimates for the current fiscal to 4.8%.
Strategic investors find new roads to growth as banks play safe
In the coming quarters, the industry’s attractiveness will be gauged more from individual projects than the order book.
Masayoshi Son is no angel. He might want to give it a try
Masayoshi Son isn’t timid, to be sure. His reputation is built upon decades of courageous bets that netted him, his investors, and his founders billions of dollars. The most famous being Jack Ma and a little e-commerce company that became Alibaba Group Holding Ltd.
What's really weighing on market sentiment suddenly?
“Earnings of some large companies were slightly below expectations. Valuations are not cheap for any of these companies so a miss on expectations can lead to over-reaction to the results,” said Nitin Bhasin, head of research-institutional equities at Ambit Capital.
Kotak Standard Multicap Fund: Fund Review
Among multi-cap schemes, Kotak Standard Mulitcap is a stable performer in longer duration cycles of markets. The scheme’s fund manager Harsha Upadhyaya has been careful in the construction of the portfolio.
Average salary offer at MDI Gurgaon rises 9.5 per cent to Rs 22.05 lakh
Amazon offered the top salary package of Rs 40.50 lakh per annum, slightly less than last year’s highest salary offer of Rs 40.79 lakh made by Google. This year’s median cost to company (CTC), however, rose nearly 11% to Rs 22 lakh from Rs 19.82 lakh last year, said Kanwal Kapil, dean of placements at MDI, Gurgaon.
Payment companies weigh ways to recoup MDR losses
These companies have urged the Centre to nudge banks to compensate “a minimum of 0.25% of the transaction amount for all the UPI and RuPay, Person to Merchant (P2M) transactions” for sustained service and ecosystem expansion in the absence of any clear revenue model.
Telecom companies seek modification in AGR ruling, move SC
The ‘modification’ applications were filed on Monday after the Supreme Court last week rejected the pleas of the three phone companies to review the October 24 verdict that widened the definition of adjusted gross revenue (AGR).
Analyst Calls: RIL, JSPL, HCL Tech, L&T Finance
HDFC Securities maintained its Neutral rating on Reliance Industries with a target price of Rs 1,562.
New India Co-operative Bank shareholders approve conversion to small finance bank
The move comes after a slew of regulatory changes by the RBI following the Rs 4,500-crore PMC Bank fraud and to ensure better regulation of such lenders which are heavily influenced by regional political heavyweights. NICB shareholders will now be approaching the RBI and Central Registrar of Societies for further action, the bank said.
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