AU Small Finance Bank (AUBANK) reported subdued earnings, impacted by higher provisions (INR1.4b) toward SMA accounts. Overdue loans stood at INR23b (8.5% of loans) as of April’20 v/s INR36b as of 1st Mar’20. 29% of customers (25% of the loan book) availed moratorium, which would be the key monitorable in the near term. On the business front, loan growth moderated, ... Read More »
CES 2020 took over Las Vegas from the 7th to the 10th of January, and as always, was a platform for giants of the tech industry to show-off what they had planned for the future, from foldable tablets and phones, to rotating TV’s, and wildest glimpses into the future of autonomous automotive technology from the likes of Mercedes. However, in ... Read More »
Diwali in India has traditionally been associated with buying and gifting. Be it gold, real estate, food hampers, automobiles, or simply mobiles, gadgets, and other accessories, it is the season to splurge. Aiding buyers in this process are tens of hundreds of brands, online shopping platforms, credit/debit card companies, and mobile wallets with their hourly, daily, and weekly deals. You might be spoilt ... Read More »
Samsung Electronics is to provide finance to potential smartphone buyers, a company executive said on Thursday, in a bid to boost smartphone sales in India where it faces fierce competition from rivals such as China`s Xiaomi. The financing product, for which Samsung has tied up with a local shadow banking firm, will help the South Korean tech group offer quick ... Read More »
We initiate coverage on Bajaj Finance (BAF) with a BUY given formidable franchise in consumer financing, strong growth momentum in rural finance and expected uptick in mortgage business post spin off in step down subsidiary. BAF has emerged strong in the recent NBFC rout given 1) <2% GNPA and 65-70% PCR across cycles, avg. 40% positive ALM gap in short ... Read More »
Kishore Biyani-led Future Group is set to buy a 30 percent stake in online fashion retailer Koovs.com, according to a reportby The Economic Times. The move comes as a fresh attempt to crack the Indian e-commerce fashion market after the company’s unsuccessful bid to buy Jabong.com in 2016. The stake will be purchased by the group’s subsidiary Future Lifestyle Fashion for ... Read More »
The KTMs, Kawasakis and Hyosungs surely do turn heads around as they hit the road, but it is the high-end bikes that aspire the young and the old alike. Riding on the aspirational value, the ever-growing awareness and enthusiasm for performance biking, bigger brands are foraying into the Indian market. If you are looking for the most expensive bike, be ... Read More »
With the new financial year kicking in, most mainstream car companies have started offering some really attractive discounts on MY2017 cars that are left in their inventory. The Mahindra Scorpio is one such car that is on sale with huge discounts for the pre-facelift version. Picking up a slightly older Scorpio makes a lot of sense if you factor in ... Read More »
Manas Jaiswal of manasjaiswal.com has a buy call on Cholamandalam Investment & Finance Company with a target price of Rs 1,485. The current market price of Cholamandalam Investment & Finance Company is Rs 1,417.10. Time period given by the analyst is ‘Intra Day’ when Cholamandalam Investment & Finance Company price can reach defined target. Manas Jaiswal recommended to keep a stop ... Read More »
HIGHLIGHTS The Huawei Honor 8 is a great pick under Rs. 20,000 If size isn’t an issue, consider the Xiaomi Mi Max 2 The Samsung Galaxy On Max delivers an excellent camera on a budget Best mobile phone under Rs. 20,000 would be on your mind if you have a budget sufficient for modern features but the mindset to not ... Read More »
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