Cholamandalam Investment & Finance Company Q2 Net Profit may dip 0.3% YoY to Rs. 304 cr: KR Choksey

KR Choksey has come out with its second quarter (July-September’ 19) earnings estimates for the NBFC sector. The brokerage house expects Cholamandalam Investment & Finance Company to report net profit at Rs. 304 crore down 0.3% year-on-year (down 3.3% quarter-on-quarter). Net Interest Income (NII) is expected to increase by 11.2 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 812 crore, […]

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5 Reasons Why Investment Portfolios Fail

Every so often; intelligent, well-meaning, and well-informed investors who have built out carefully planned portfolios of financial assets have failed (often miserably) in meeting their long-term financial objectives. What’s more; it’s not uncommon for the behaviours that led to the first failure to have been repeated time and again, sometimes resulting in the complete capitulation […]

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Hyundai-Kia’s $300 Mn investment in Ola faces CCI roadblock

Hyundai and Kia Motors’ $300 million investment plan in ride-hailing juggernaut Ola may not go smoothly as Competition Commission of India(CCI) has reportedly put a question mark on the nature of the deal. According to a report, the antitrust watchdog had asked Ola’s parent, ANI Technologies, to define the company’s competitive landscape. However, the company […]

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Annyeonghaseyo India! Why Korean Smilegate Investment made its first investment in the country this year

In February 2019, Prime Minister Narendra Modi launched the India-Korea startup hub in Seoul. The one-stop platform aims to bring the Indian and Korean startup ecosystems closer and facilitate joint innovation between the two economies. Since then, Korean investors have shown keen interest in the Indian startup ecosystem. Chief among them is Smilegate Investment, a […]

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UBS to revamp investment bank in bid to lift flagging earnings

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today […]

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Revival of demand, investment top priority: RBI annual report

Mumbai: Reviving consumption demand and private investment remains the top priority in the current fiscal, the Reserve Bank of India (RBI) said on Thursday, signalling the possibility of at least one more interest rate cut this year. To revive growth, governor Shaktikanta Das asked banks to pass on past rate cuts to borrowers at a faster pace by linking lending […]

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Decoding slowdown: Investment is falling; neither central government nor private sector shows any appetite for it

Few would disagree with the Economic Survey of 2018-19 when it makes a case for investment as the “key driver” of India’s growth – in line with the Chinese experience, as it says – which would create capacity, increase labour productivity, introduce new technology, allow creative destruction and generate jobs. Except, this seem highly unlikely […]

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‘I don’t see real estate as an investment now’

Navi Mumbai-based Balaji Gopalaswamy, 41, a manager at a private firm, always thought he had his finances sorted. “I have been working for nearly 14 years, so I had some money saved up. I used to invest in mutual funds, periodically. I had also taken term insurance and steered clear of instruments that mix insurance and investments,” […]

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