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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Sundaram Equity Fund NFO attracts Rs 358 cr investment

Sundaram Mutual has managed to attract investment of Rs 358 crore in its multi-cap Sundaram Equity Fund during the new fund offer period which closed for subscription on August 30. The open-ended equity scheme will invest across large-, mid- and small capitalisation stocks. Sundaram Equity Fund re-opens for fresh subscriptions on September 16. Sunil Subramaniam, […]

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Audi unveils A6 Lifestyle Edition in India with rear seat entertainment features, priced at Rs 49.99 lakh

NEW DELHI: German luxury car maker Audi Tuesday launched its A6 sedan Lifestyle Edition in India, priced at Rs 49.99 lakh. The A6 Lifestyle Edition is equipped with new added features and accessories such as rear seat entertainment, mobile coffee machine Espresso Mobil and entry exit lightswith Audi logo projection, among others, Audi India said in a statement. […]

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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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Airtel’s Data Recharge Plans: Rs. 53, Rs. 248, Rs. 255, Rs. 398, Rs. 992

Airtel’s internet recharge plan priced at Rs. 53 offers 75MB of 2G/3G/4G data. Bharti Airtel is currently offering a bouquet of prepaid and postpaid recharge plans which are highly popular among the subscribers. Besides, the telecom operator is also offering a slew of internet/data recharge plans. Airtel’s data recharge plans are priced at Rs. 53, Rs. 248, Rs.255, Rs. 398 Rs. 992, among others which comes […]

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Within 24 Hours Of Launch, Trump Towers In Gurgaon Sells 20 Apartments For Rs. 150 Crore

The Trump Towers project offers 250 ultra luxury residences between Rs. 5 crore and Rs. 10 crore GURGAON:  HIGHLIGHTS Trump Towers made its debut in north India in Gurgaon yesterday M3M India is developing this project at an investment of Rs.1,200 crore Company targeting Rs. 2,500 crore from sale of 250 units in this project Realty firm M3M India today said it […]

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Reliance Infrastructure sells Mumbai power business to Adanis for Rs 18,800 cr

Reliance Infrastructure today signed an agreement to sell its Mumbai power business to Adani Transmission for a total consideration of Rs 18,800 crore. Reliance Infrastructure (RInfra) announced the signing of a Definitive Binding Agreement with Adani Transmission (ATL) for 100 per cent stake sale of its Mumbai power business, which includes integrated business of generation, transmission and distribution […]

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