“In the near future, we plan to launch IPO funding, derivatives trading, margin finance and a host of other value-adding features to make investing seamless and convenient. This is aligned with our mission to drive financial inclusion across the country,” said Varun Sridhar, Chief Executive Officer, Paytm Money. … [Read more...] about Paytm Money goes deeper into broking, opens IPO investments
A: I have not made the guesstimates here. We have actually started working literally only from August. We are using all the opportunities, but are not making any sweeping judgments on anything. Wherever the opportunities exist, we will look at it stock by stock, transaction by transaction and then we try and complete all those transactions. Strategic disinvestment transactions are very time consuming, because they have to pass through a long due diligence process. Therefore, to give some timeline of that kind, because everything has to be done properly, to give you a certain figure and trying to arrive at a figure at this stage, I don't think it is possible for me. The big transactions, if they fructify, then obviously the achievement will be higher. All that we can say at this stage is that whatever disinvestments come on track, we will conclude in a proper manner. … [Read more...] about Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey
Based on the report, Trump announced plans to impose $50 billion in tariffs on 1,300 general imports from China, ranging from chemicals to jet parts, industrial equipment, machinery, communication satellites, aircraft parts, medical equipment, trucks, and even helicopters, nuclear equipment, rifles, guns and artillery. China has retaliated, resulting in a full-blown trade war. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it
IDBI Bank has been losing money for the past three years. During this period the bank’s gross non-performing assets ballooned to 27.9 percent of advances and net non-performing assets touching 16.7 percent and capital buffer fell to a level that will not permit the lender to do incremental business. In medical parlance, the condition is akin to a “patient in a coma” requiring life support. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?
"Royal Enfield (RE) has a waiting period of 1-1.5 months for its bikes, with the newly launched Meteor garnering very good response. We expect restricted wholesales growth of nearly 10 percent for RE due to production loss on account of cyclone Nivar, 8.6 percent for Bajaj Auto (7.5 percent growth in domestic 2W), 25 percent for Hero MotoCorp and about 14 percent for TVS," Motilal Oswal said. … [Read more...] about No negative surprises, auto sales numbers for November likely to show an uptick