Buy Cholamandalam Investment; target of Rs 1550: Axis Direct

Axis Direct’s research report on Cholamandalam Investment   CIFC posted a stellar Q3 with 53% YoY growth in PAT to Rs 2.5 bn (higher than our and consensus estimates). Strong earnings growth was backed by uptick in disbursements (up 55%/23% YoY/QoQ) and improvement in asset quality with ~80 bps QoQ decline in GNPA ratio to 3.7%. […]

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‘White knight’ Mukesh’s RJio to buy RCom’s wireless assets

Mukesh Ambani-led Reliance Jio Infocomm (RJio) has emerged as a white knight to acquire the wireless assets of debt-laden Reliance Communications (RCom), controlled by his younger sibling, Anil. While the companies did not divulge the financial details, banking sources pegged the deal at about ₹23,000 crore. BusinessLine was the first to report, on December 20, that RJio […]

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Google in talks to buy HTC’s smartphone business

HTC hasn’t been financially successful for awhile now and it seems it’s now fully in danger of being consumed by a bigger company. In this case the rumors point to Google as the interested party. Apparently talks are being held between Google and HTC about a possible acquisition of HTC’s smartphone business (leaving the Vive […]

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WE’RE AT CES, TOUCHING ALL THE GADGETS YOU’LL BUY THIS YEAR

Samsung’s CES press conference. Photo credit: Amy Lombard RUBY GOLDBERG01-04-2017 | 10:46:35 Samsung’s CES press conference. Photo credit: Amy Lombard RUBY GOLDBERG01-04-2017 | 10:45:32 I got to the Sony presser late, so I won’t be able to do much in the way of liveblogging. But the big announcement is the company’s first OLED set, and […]

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Myntra to buy Hrithik Roshan’s HRX fashion brand

  Myntra Fashion Brands vice-president Rajesh Narkar says HRX will bring in sales of Rs300 crore this financial year, up from Rs100 crore last year. Photo: Bloomberg Online fashion retailer Myntra is close to buying a majority stake in HRX, a clothing and shoes brand launched by actor Hrithik Roshan, from Exceed Entertainment, as it […]

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