Anand RathiLiving up to this spirit, the Indian economy seems to be coming out of the cycle of low growth and subdued sentiments. We are heading towards a slow but steady recovery in the second half of the current year and greater prosperity in the next financial year. Buoyed by better economic performance and significant policy reforms, especially the cut in the corporate tax rate, Indian equities have bounced back.The recent steps taken by the government suggest that rather than taking shortcuts or populist measures, the government is taking administrative and structural measures, which would improve the long-term performance of the economy.Close Earnings have beaten expectations led by autos and financials with pre-tax profits up 13 percent YoY and 6 percent ahead of expectations. related news Brokerages remain bullish, Cadila Healthcare share price up 3% Children's Day special! These 9 stocks could give bumper returns in the next 10 years Top buy and sell ideas by … [Read more...] about ‘India’s long-term outlook is good; invest in these 5 stocks for double-digit returns’
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Volvo recently made special arrangements for the Swedish Ambassador in India when it gave Klas Molin a S90 T8 Plug-In Hybrid sedan to commute. Though the luxury sedan has not officially been launched in the country, its presence could indicate an upcoming launch in the future.The company had launched the fully electric XC40 SUV last month in India and also confirmed that it will aim at converting half of its entire lineup to fully electric cars, while the other half would be hybrid vehicles.The S90 Hybrid makes use of a 2-litre inline-four-cylinder petrol engine. It is the same as the one used in the international markets, but the T8 trim adds a supercharger to the motor. It also gets an electric motor which makes additional 88 PS of maximum power. This gives the sedan a combined power output of 406 PS while peak torque stands at 640 Nm. The S90 Hybrid can accelerate from 0-100 km/h in 4.8 seconds with a fully electric range of 34 km.Close As per the company’s press release … [Read more...] about All you need to know about Volvo S90 Hybrid
While the market holds its breath for the government to announce stimulus measures for the economy to rekindle the risk appetite of investors, Chief Economic Adviser (CEA) Krishnamurthy Subramanian has subtly indicated the hope may be misplaced.Speaking at the Hero MindMine Summit 2019, Subramanian seemed to indirectly rule out the possibility of a major stimulus package when he said “have to be careful on the issue of a fiscal stimulus".He emphasised that the government is not expected to intervene every time when some sectors go through sunset phases.Close While acknowledging that some sectors are not faring well, he said some of the pessimism being seen is not called for, as some sectors are performing.Taking a rather academic tone, Subramanian advised the industry and the markets to look at the averages and aggregates of the economy rather than focus on anecdotal evidence."(We) believe that there is a positive structural element in the economy," he said.Talking … [Read more...] about D Street hopes dashed? CEA Subramanian rules out fiscal stimulus
Kia Motors recently launched the Seltos SUV in India which received some stellar feedback in the market. Now, the company is gearing up to launch the Carnival MPV, which will be followed by a sub-4 metre SUV. The new compact SUV has been codenamed the QYI and was recently spotted testing in India.The car was spied under heavy camouflage though it bore a strong resemblance to the Venue. It also borrows aesthetic features from its international counterpart, the Stonic. These include the window line, roof rails and LED tail lights. It also gets wide, flared wheel arches like the Stonic.The QYI is equipped with a two-part headlight design akin to the Venue, as well as a Tiger-Nose grille like the Seltos. It also gets alloy wheels like the ones on the Seltos GT-Line trim. The company is yet to confirm the technical details of the car. However, it can be expected that Kia will borrow modern features from the Venue and Seltos, such as touchscreen infotainment with phone app connectivity, UVO … [Read more...] about Kia QYI compact SUV spied testing in India: What to expect
The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.Close As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore. related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief ICICI Bank expands branch network in Tamil Nadu ICICI Bank opens 57 branches in Andhra Pradesh, Telangana this fiscal Fund managers added large-cap private banks, utilities, energy and … [Read more...] about Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?