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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TeamLease Services advances 4% on increasing FPI investment limit to 75%

Shares of TeamLease Servicesrose 4.6 percent intraday Thursday on increasing foreign portfolio investment (FPI) limit. The company received approval from Reserve Bank of India (RBI) for increase in FBI investment limits under portfolio investment scheme from 24 percent to 75 percent of the paid up capital of the company pursuant to board and shareholders approval. Accordingly, […]

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Rouhani to push for investment

Iranian President Hassan Rouhani speaks during a meeting with Muslim leaders and scholars in Hyderabad on February 15, 2018.   | Photo Credit: Reuters ‘India, Iran on the same positive track’ Indian investment in Iran, including billions of dollars in connectivity, infrastructure and oil projects topped the agenda as Iranian President Hassan Rouhani arrived for a three-day visit […]

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Foxconn might go back on committed $5 bn investment in Maharashtra: Desai

Maharashtra Industries Minister Subhash Desai today hinted that Taiwanese contract manufacturer Foxconn may go back on its committed USD 5- billion investment in the state.”Foxconn has not come and I feel as bad as you do. But we do not regret it, we are discussing with other companies,” Desai told reporters when asked about the progress investment commitment made by the world’s largest contract manufacturer of smartphones’ including […]

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Budget 2018: Govt estimates Rs50 trillion investment for infrastructure

Starting with an allocation of around Rs1.81 trillion in 2014-15, the budget share of infrastructure has reached Rs3.96 trillion in 2017-18, almost double in four years. Photo: Pradeep Gaur/Mint New Delhi: India will need Rs50 trillion in investments in roads, air, rail and inland waterways, finance minister Arun Jaitley said on Thursday, terming infrastructure development as […]

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Budget 2018: Higher tax sops & increased investment limit under PMVVY makes senior citizens happy

Senior citizens were looking at the Budget 2018 with a lot of hope and Finance Minister Arun Jaitley too reciprocated with announcements that would reduce the stress for senior citizens. The Budget 2018 offered to increase the investment limit under Pradhan Mantri Vaya Vandana Yojana to Rs 15 lakh from extant limit of Rs 7.5 lakh. The Union Budget 2018 also […]

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AT&T’s big $1 billion tax bill investment was announced 6 weeks ago

AT&T on Wednesday announced plans to invest an additional $1 billion in the United States after the passage of the Republican tax bill. President Trump read the announcement at a ceremony at the White House celebrating the tax bill on Wednesday afternoon. “That’s pretty good,” he said. It was also pretty good when AT&T made essentially the […]

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