The issue size, however, would depend on Carlyle’s participation in the sale. If it goes through, SBI Cards would be the first pure-play credit card company in India and would be valued between Rs 35,000-40,000 crore, the report added. … [Read more...] about SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report
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It reported a 21 percent rise in profit for its financial year that ended on March 31, but said the pandemic had hit its fourth-quarter performance and it would tap banks to raise debt in its first quarter to lessen the impact on cash flows by the virus. … [Read more...] about Emirates to raise debt as it braces for ‘most difficult months ever’
HoMedics UV-CLEAN Portable Sanitizer Bag and Phone SanitizerHoMedics has outfitted its UV-sanitizing products with long-lasting, nontoxic UV-C LED lamps, and feature the shortest sanitizing process time on this list, with each sanitizing cycle lasting only one minute. The Phone Sanitizer ($80) features a pop-up design that allows you to collapse the case when not in use, making it extremely portable. And since it holds up to 70 uses per charge, it’s perfect for taking with you in your purse or car for frequent sanitization. If you’re looking for a larger capacity sanitizer that you can keep at home, the Sanitizer Bag ($100) can fit larger items (like remotes, jewelry, glasses, and the like). … [Read more...] about How UV sanitizers work—and why you should invest in one for your phone, keys, and wallet
Consider all one-year returns since 2012 (in order to cover multiple rate cycles). The maximum average return gilt funds delivered in this period was 19.4 per cent. The lowest average 1-year return was a loss of 1.03 per cent. Over the above time frame, 5 per cent of the time, the funds delivered losses over the one-year period. Bond price falls on interest rate moving up, can wipe out a good part of the gain previously made. … [Read more...] about Double-digit returns in gilt funds: Should you rush to invest in them?
The aviation industry has hit turbulence with the restriction on the movement of people bringing travel to a halt in most parts of the world. The extension of lockdown also means that there will be no domestic or international commercial flights till May 31. … [Read more...] about Aviation stocks tumble on no relief package, suspension of flights till May 31