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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Instagram Stories Gets Live Video Broadcasts, Instagram Direct Gets Disappearing Messages

Instagram Stories Gets Live Video Broadcasts, Instagram Direct Gets Disappearing Messages HIGHLIGHTS Aimed at getting people to use Instagram more for casual, quirky moments Instagram live video broadcasts are not saved More than 300 million users use Direct messaging monthly Facebook-owned Instagram ramped up the pressure on Snapchat on Monday, adding ephemeral live video broadcasts […]

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Twitter Adds ‘Direct Reply Count’; Will Reorder Replies Based on ‘Importance’

Twitter Adds ‘Direct Reply Count’; Will Reorder Replies Based on ‘Importance’ HIGHLIGHTS Tweet replies will now be organised according to various factors Twitter says it wants users to see best content first Twitter is also introducing a directly reply count feature Twitter has announced that the social networking company will now organise the replies to […]

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China’s Outbound Direct Investment Surges To Over $134 Billion

Beijing: China’s non-financial outbound direct investment surged 53.7 per cent to $134.22 billion in the first nine months of this year as Chinese firms continued to invest big abroad, the Commerce Ministry said on Tuesday. China’s non-financial outbound direct investment (ODI) surged 53.7 per cent from a year ago to 882.78 billion yuan ($134.22 billion) […]

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