Aditya Birla Sun Life AMC MD & CEO A Balasubramanian A. Balasubramanian, the managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund, weighed in on remarks by a Mercedes-Benz India executive’s comments on Systematic Investment Plans (SIPs). Santosh Iyer, the current Mercedes-Benz India chief executive officer Santosh Iyer, had said in published remarks before taking the helm that SIPs posed competition to the luxury car maker. “In fact, he has made people realize two things. One, you can buy a Mercedes car by investing in an SIP, and in a way, he has promoted SIP as a concept,” Balasubramanian said. Edited excerpts: Your alternative career choice, if not the CEO of an AMC like this? Don’t tell me it’s that of a stock picker or for that matter a portfolio manager, which you have already been, but something else. Read More I can get into agriculture, farming. An inspirational quote that you keep in mind while managing … [Read more...] about Mercedes-Benz India has done a great job in promoting mutual fund SIPs: A. Balasubramanian
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Nykaa shares tumble 20% so far in this month; analysts find valuation ‘palatable’
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The share price of FSN E-Commerce Ventures , the parent company of fashion and cosmetic retailer Nykaa, continued its slide for another day on January 23 and the stock is now down over 20 percent so far this month. On the BSE, it traded down over 2 percent to Rs 124 as of 12 noon. The stock hit an all-time low of Rs 120.75 during the day as well, but saw some recovery as low levels. The stock is down 62 percent last year. The stock has been on a decline ever since the lock-in period for pre-IPO investors and the company brought a bonus issue to stabilise the share price. But now, some analysts have started upgrading their rating on the stock as prices have fallen a lot and valuation is turning favourable. “We had always liked Nykaa's business model,” said Manoj Menon, an analyst at … [Read more...] about Nykaa shares tumble 20% so far in this month; analysts find valuation ‘palatable’
Hold Syngene International; target of Rs 610: ICICI Direct
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Syngene International Syngene is a contract research, development and manufacturing organisation catering mainly to global innovator pharma/chemical companies offering integrated scientific services from early discovery to commercial supply. Syngene serves these players, which outsources some or substantial part of its business in the product development life cycle and operates via full time equipment (FTE) and fee for services (FFS) models • Discovery services: FTE engagements with high renewability; dedicated services: long-term strategic alliances that last usually five years or more, Development and manufacturing: FFS engagements, which increase in volume/scale over time. Outlook Downgrade from BUY to HOLD as the stock fully reflects strong … [Read more...] about Hold Syngene International; target of Rs 610: ICICI Direct
IndiGo launches Super 6E fare system on 14 international routes
The video from the IndiGo flight is now viral. (Image: Screengrab from video @govindsharma5906/Instagram) IndiGo has launched Super 6E flights to Colombo, Kuala Lumpur, Dammam, Jeddah, Bangkok, Hong Kong, Kuwait, Doha, Hanoi, Ho Chi Minh, Vietnam, Male, Kathmandu, and Riyadh. With these additions, IndiGo now offers Super 6E fares on flights to 23 international destinations. The airline launched this service on flights to Dubai, Sharjah, Abu Dhabi, Ras Al Khaimah, Singapore, Istanbul, Dhaka, Muscat, and Bahrain last year. A Super 6E fare for international routes includes an extra 10kg of baggage allowance, the option to select a seat, including an XL seat, a meal/snack combo of your choice, priority check-in and luggage collection on arrival, anytime boarding, baggage protection against delays and losses, a reduced change fee and cancellation fee, and no convenience fee. "IndiGo is constantly looking to innovate and offer a seamless and hassle-free travel experience for … [Read more...] about IndiGo launches Super 6E fare system on 14 international routes