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Bajaj Finance Fixed Deposit Interest rate raise by 10 bps|Now earn up to 7.45% p.a.|Investments starting at Rs 15,000

May 12, 2022 by www.moneycontrol.com

Bajaj Finance has wonderful news for all investors once again. Fixed Deposit interest rates have been raised by ten basis points, allowing all investors to earn better returns. Bajaj Finance has upped the interest rate on fixed deposits. It now offers exceptional interest rates of up to 7.45% p.a.  You can now invest online with a minimum deposit amount of Rs 15,000. The FD interest rate has been raised for all types of investors and tenors, resulting in faster investment growth. The new interest rate will apply to any deposits made on or after May 10, 2022. Take a look at the benefits of investing in a Bajaj Finance Fixed Deposit. Fixed Deposit new interest rate With a minimum deposit of just Rs. 15,000, customers below 60 years can now earn 6.40% p.a. for 24-35 months and 7.00% p.a. if they choose a tenor of 36-60 months. The interest rate table for all customers below 60 years is as mentioned below: Tenor in months Minimum Deposit Cumulative Non-Cumulative … [Read more...] about Bajaj Finance Fixed Deposit Interest rate raise by 10 bps|Now earn up to 7.45% p.a.|Investments starting at Rs 15,000

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Sachin Bansal-led Navi Tech files papers for Rs 3,350-crore public offer

March 13, 2022 by www.moneycontrol.com

Representative image. Flipkart co-founder Sachin Bansal-led tech-driven financial services startup Navi Technologies, which turned profitable in FY21, has filed papers with market regulator Securities and Exchange Board of India (Sebi) to raise up to Rs 3,350 crore via an initial public offer, sources in the know told Moneycontrol. On December 8, 2021, Moneycontrol was the first to report Navi’s listing plans. “It is purely a primary issue of shares with no OFS or offer for sale component. The e-filing has been done with the regulator,” said one of the persons cited above. A second person said the firm seeks to grow its lending and insurance business. "There could also possibly be a pre-IPO round of up to Rs 670 crore and as of now the plan is to launch the IPO in June-July depending on market conditions,” this person added. Both the persons spoke to Moneycontrol on condition of anonymity. Navi Tech could not be reached for immediate comment. Close … [Read more...] about Sachin Bansal-led Navi Tech files papers for Rs 3,350-crore public offer

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Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

May 17, 2022 by www.moneycontrol.com

Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India’s largest luxury and premium watch retailer Ethos on May 17 mopped up Rs 141.68 crore from nine anchor investors, ahead of its IPO. The public issue will open for subscription on May 18 and close on May 20. The company in its BSE filing said it has finalised the allocation of 16.14 lakh equity shares to anchor investors at a price of Rs 878 per share. ICICI Prudential Flexi Cap Fund bought 5.30 lakh shares in Ethos Limited, Jupiter India Fund purchased 3.73 lakh shares, Saint Capital fund bought 1.59 lakh shares and 1.55 lakh shares were bought by Cohesion MK Best Ideas Sub-Trust in the luxury watch retailer. Jupiter South Asia Investment Company Limited – South Asia Access Fund bought 77 thousand shares while Coeus Global Opportunities fund, Alchemy … [Read more...] about Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

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Buy Emami; target of Rs 510: Motilal Oswal

May 17, 2022 by www.moneycontrol.com

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Emami Emami’s consolidated sales growth of 5.4% YoY (flat volume growth) was broadly in line with our expectation. However, higher-than-anticipated material costs and 10% absolute increase in ad-spends YoY (at a time when peers have been reducing the same to offset material cost-led pressures) resulted in an 18% miss on … [Read more...] about Buy Emami; target of Rs 510: Motilal Oswal

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Buy Sharda Cropchem; target of Rs 836: Khambatta Securities

May 17, 2022 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Khambatta Securities' research report on Sharda Cropchem Sharda Cropchem Limited (SCL) recorded strong volume growth during FY22, which was further assisted by better product mix and price realisations, resulting in robust topline growth. Aided by healthy traction across the product range, the company’s business continues to be driven by identification of new product registration opportunities, expansion and strengthening of distribution reach, and cost management with an eye to improve margins. Management has guided 15%-20% sales growth going forward and an EBITDA margin of 20%-22% in FY23, which is expected to be maintained in the medium term. The SCL stock appreciated by 56% since our BUY rating in the 3Q FY22 update report dated 25 January 2022, and by 114% since we initiated coverage on … [Read more...] about Buy Sharda Cropchem; target of Rs 836: Khambatta Securities

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Buy Kalpataru Power; target of Rs 427: Anand Rathi

May 17, 2022 by www.moneycontrol.com

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Kalpataru Power Prevailing challenges related to input costs and supply-chain disruptions hurt Kalpataru’s Q4 FY22 performance. Revenue fell 14% y/y and the EBITDA margin contracted 189bps y/y. On execution … [Read more...] about Buy Kalpataru Power; target of Rs 427: Anand Rathi

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Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

May 10, 2022 by www.moneycontrol.com

Razorpay Founders Shashank Kumar & Harshil Mathur B2B payments and neobanking platform Razorpay is looking to get new investors on board through a share sale of $75 million by its employees, the company said on May 10. The purchase will be led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures who will subsequently join the company’s cap table. This will also be Razorpay’s fourth and largest Employee Stock Ownership Plan (ESOP) buyback till date, and the second largest in the startup space after Flipkart’s Rs 600 crore buyback in July 2021. 650 of the startup’s existing and former employees will be eligible for this across roles including software engineers, product managers, customer experience agents, sales, and administrative staff. In December 2021, Razorpay’s valuation had jumped from $1 billion to $7.5 billion after the startup raised $375 million in its largest round. In an interview with Moneycontrol, Razorpay’s founder and … [Read more...] about Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

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LIC listing today | Big PSU IPOs laggards on Indian bourses

May 17, 2022 by www.moneycontrol.com

Life Insurance Corporation of India (LIC), the country's largest insurer, is listing its shares on the stock exchanges on May 17. But many analysts have suggested flat to negative listing due to volatility in the global equity markets. The grey market premium of LIC is currently in the negative territory, trading at a discount of nearly Rs 30 a share. In the last 10 years, initial public offerings (IPOs) of big state-run firms have not created any blockbusters as such and mostly traded below their respective offer price. Analysts say public sector utility (PSU) stocks by definition are listed due to divestment, and their objective of social good over wealth creation impacts the perception of investors, and in turn valuation matrix. Hence, it does not come as a surprise that PSU IPOs have historically remained lacklustre and have not turned into blockbusters. India's biggest PSU IPO was Coal India, which was listed in November 2010 with an issue price of Rs 245 a share. It … [Read more...] about LIC listing today | Big PSU IPOs laggards on Indian bourses

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What are the 5 best features of the Bajaj Finserv Insta EMI Card?

April 27, 2022 by www.moneycontrol.com

Modern appliances and gadgets are costly items and you may struggle at times to pay for them upfront. With the Bajaj Finserv Insta EMI Card , you can shop for the latest products on No Cost EMIs and pay for them in easy monthly instalments without burdening your other financial obligations. Being able to buy all your favourite products without having to pay the entire price in one go is a blessing. But the Bajaj Finserv Insta EMI Card accords you many other benefits such as online and offline shopping, convenient repayment tenors and a high spending limit. Instant application approvals and nil foreclosure charges add to the convenience of having a Bajaj Finserv Insta EMI Card. You can apply for one right away and get access to over 1 million products at the best rates and discounts. Here are the 5 best features of the Bajaj Finserv Insta EMI Card : 1. Digital card with minimal documentation Getting a Bajaj Finserv Insta EMI Card involves a smooth and … [Read more...] about What are the 5 best features of the Bajaj Finserv Insta EMI Card?

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