The notice points out unauthorised change of user from residential to commercial office on first floor of Malhotra's bungalow on Nargis Dutt Road in Pali Hill area of suburban Bandra. In the notice, issued on September 9, BMCs H-ward office has listed four alterations and asked Malhotra to submit proof in seven days "to show that the said building or work or change of user" is not unauthorised, the official said. … [Read more...] about After Kangana Ranaut, Manish Malhotra on BMC radar over construction
Barrick gold corporation
Recently, Thrissur-headquartered South Indian Bank hired former ICICI Bank executive Murali Ramakrishnan as its new CEO. Ramakrishnan would be the first MD and CEO of South Indian Bank coming on board from a private sector lender. In the past, the top bosses at South Indian Bank have joined from public sector lenders, chiefly State Bank of India. … [Read more...] about Kerala’s private banks hire top talent, tweak gameplan to gain national focus
Q) Which sectors are likely to be the leaders and the laggards in the next six months?A) Sectors like Pharma, telecom, and insurance have done well in the last few months, partly because these sectors are less vulnerable to the current crisis. We think these sectors will continue to lead the rally in the near term. … [Read more...] about We estimate a 10% YoY contraction in Nifty EPS in FY21: R Venkataraman
The last 1,000-point rally in the Nifty50 has been quite surprising as the market went up despite significant supply of stock by promoters and companies issuing new equity. While the foreign investors purchase number looks healthy, a large part of the purchases has been through block deals, offer for sale and QIB placement of shares. Moreover, the share of institutional volume in the daily turnover has also reduced–it means that retail participation has been an important factor.Many segments of the economy may face reduced demand for quite some time even after normalcy returns. We don't know the secondary and tertiary impact of the lockdown-induced slowdown on small businesses, employment and consumption patterns and change in consumer psychology.Moreover, India has used very minimal fiscal measures to stimulate growth. While many developed countries have introduced fiscal stimulus of 5-15 percent of GDP, India has done only about 1 percent so far, given the fiscal situation. … [Read more...] about ‘Market looks frothy but value stocks may outperform growth ones in short term’
The schemeSBI Magnum Children’s Benefit Fund (Investment Plan) would look to invest at least 65 per cent in domestic stocks. The remaining portion will get allocated to international equities (maximum up to 35 per cent) and gold exchange traded funds (up to 20 per cent).Your funds are locked-in for five years, or till the child turns 18, whichever is earlier. You can invest only in the minor’s name from the minor’s bank account or from a joint account with the minor. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?