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Bank deposits face competition from company NCDs

Banks are facing fresh challenges in mobilising deposits as their non-bank rivals are attracting savers with higher returns on bonds. Aggregate deposits of banks have shrunk by Rs 4410 crore in the fortnight ending March 15, and with about half-a-dozen NBFCs looking to mop up about Rs 3000 crore in non-convertible debentures (NCD), banks have their task cut out to ... Read More »

Sudip Bandyopadhyay on stocks to pick from broader market

They will continue to report good numbers on the back of the fact that the asset quality issues are by and large over. What is going to happen is NCLT process is gathering momentum and some amount of recoveries will start happening which will help them improve their profit on the back of the fact that most of these assets ... Read More »

Senior citizens, important note for you! From KYC to doorstep banking, all services that your bank has to provide

As a senior citizen, one may submit the KYC documents and Life Certificate to the bank sitting at home. With digital banking on the rise, nowadays not many bank savings account holders visit bank branches. However, not many senior citizens may be well versed with the technology and may still prefer making a visit to the bank branch for their ... Read More »

Kotak removes Vedanta from largecap portfolio; 15 stocks that are part of its midcap portfolio

Kotak Institutional Equities has made a few changes to their recommended large-cap model portfolio. They have removed Vedanta, and reduced weight in Infosys by 100 bps, bringing down the weight to an ‘internal’ cap of 10 percent. Apart from Infosys, reduction of weight was seen in M&M (30 bps) and RIL (70 bps) and allocated the same weightage to Bajaj Finance(200 bps), ICICI Bank (50 bps) and Maruti Suzuki India (100 bps). On ... Read More »

‘Populist measures likely, rural theme stocks to benefit from the Budget’

Consumption and rural plays should see an increase in allocation from the budget perspective. HUL is seeing good rural traction and other plays associated with a rural theme like Dabur, ITC or Escorts are likely to see increased allocation, Naveen Kulkarni, Head of Research, Reliance Securities, said in an interview with Moneycontrol’s Kshitij Anand. Q. What are your expectations from ... Read More »

Don’t panic: Despite volatility, wealthy investors plan no money moves, CNBC survey says

It’s hard to avoid the allure of panicky headlines when the Dow is below 23,000 and the Nasdaq has entered a bear market, but for every “record” stampede of investors into bonds and sudden flood of money into cash tracked by a Wall Street firm, there’s a wealthy American making a money move that might seem even more shocking: not ... Read More »

Discovery looks to create a ‘golf Netflix’ with coaching videos from Tiger Woods as the centerpiece

Watch CNBC’s full interview with Tiger Woods   9:53 AM ET Wed, 28 Nov 2018 | 16:36 Will people pay to have Tiger Woods as a golf coach? Discovery, which just struck a multiyear global content collaboration deal with the 14-time major championship winner, is betting the answer to that question is yes. GolfTV, a new digital streaming service jointly created ... Read More »

Veritas Finance gets ₹200 crore funding from Norwest, others

Private equity (PE) firm Norwest Venture Partners has led the latest round of investment of ₹200 crore into non-banking financial company (NBFC) Veritas Finance Pvt. Ltd. Existing investors of Veritas—CDC Group Plc, UK’s Development Finance Institution and P. Surendra Pai, an anchor investor—also participated in the Series D investment, Veritas said in a statement on Thursday. Veritas lends to micro, ... Read More »

KNR Constructions rises 6% on sanction from bank to finance HAM project worth Rs 1,234cr

Shares of KNR Constructions rose 6.5 percent intraday Friday after company received bank sanction to finance HAM Project (Hybrid Annuity Mode) worth Rs 1,234 crore. It has touched an intraday high of Rs 213.00 and an intraday low of Rs 203.65. KNR Shankarampet Projects, a wholly owned subsidiary of company has received sanction from bank to finance its HAM project. With the ... Read More »

58% of Small Business Owners Say Business is Good, Up 39% from Last Year, Survey Says

The confidence among small business owners is at record highs, and the results from the quarterly CNBC/SurveyMonkey Small Business Survey has revealed as much. Q3 2018 CNBC SurveyMonkey Small Business Confidence Index More than half or 58% of small business owners in the survey said their overall business conditions are good, which is up by five percentage points from the second quarter’s ... Read More »