Fraser, who began her career at Goldman Sachs and joined Citi in 2004, says financial services are at risk of letting themselves fade into the role of “dumb pipes,” doing the difficult but unglamorous work of negotiating with regulators and anti-money-laundering compliance while large tech platforms use their brand identities to build up their bona fides and become the effective face of the financial world. Paying for dinner with a sleek new Apple Card, for example, can feel substantially more pleasant to consumers who have a positive association with the company that makes their iPhones. Meanwhile, you won’t find many banks on a typical list of the most beloved brands. … [Read more...] about Big banks vs. Big Tech: Citi’s president on the existential threat facing finance
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"The SBI chairman's comment has reinforced the confidence that there are enough buyers for Yes Bank. We expect some fundraising will be done soon and as the liquidity starts to get easier, enough people will come forward to buy the franchise of Yes Bank," said IIFL Securities director Sanjiv Bhasin. … [Read more...] about Yes Bank share price surges 7%, should you buy it?
"The strength of near-term trend reversal in favour of bulls can be expected on a close above 12,225 levels. In such a scenario this pull back rally can get extended into the zone of 12,298-12,361 kinds of levels. Contrary to this a close below 12,087 can resume the weakness in the index with targets placed around 11,900 levels," said Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in. … [Read more...] about Technical View: Nifty forms bullish candle; 12,220 key for bulls
During investigation, DGCEI officials allegedly found that Mondelez India had claimed excise duty exemption for its new unit in Sandoli village in Baddi relating to a period even before it came into existence, the officials said..Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Mondelez pays over Rs 400 cr to settle tax dispute involving alleged ‘ghost’ unit in India
There was a spike in IVs, post January 6th's fall, but IVs were to mellow down soon after. However, with IVs slowly showing some traction in the last few days, traders were seen building short bets along both Calls and Puts, but the sharpness of the last few days' fall had prompted Put sellers to switch to long. … [Read more...] about ‘Present Options setup favours selling strangles till 12,000-12,500 range is broken’