Tag Archives: its

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 »

Forget privatisation, govt has hugged its banks tighter

The government in its rescue mission has increased its hold on banks in direct contrast to what it had promised in 2014. Photo: Bloomberg A stitch in time saves nine. The government has, over the years, received advice from numerous quarters to reduce its stake in public sector banks (PSU banks) to below 51%, so that these lenders have sufficient ... Read More »

US is well on its way to Trump’s goal of ‘energy dominance,’ says Marathon Petroleum CEO

President Donald Trump’s goal of making the United States a global superpower in energy is starting to come true, Marathon Petroleum Corp. Chairman and CEO Gary Heminger told CNBC on Tuesday. “When I look at the president’s theme to begin with and the beginning of his administration, he wanted to have energy dominance in the U.S. and I believe that ... Read More »

Partisanship’s a Helluva Drug — And It’s Reshaping the Economy

Spencer Platt/Getty Images Since his inauguration, President Donald Trump has tweeted about the economy, stock market, unemployment and/or consumer confidence at least 172 times. Read those messages, and you’ll find one consistent theme: The notion that Americans’ sky-high confidence in the economy is evidence of Trump’s popularity and success. “Our Economy is doing better than ever,” he said in a fairly representative tweet ... Read More »

WhatsApp is bringing Chat Filters in its Business App for Android

It has been only a few days since Facebook’s developer conference, F8 2018, has just got over and reports of new features in its various apps, whether Facebook or acquired ones like Instagram or WhatsApp are coming up. It has been reported that a chat filter and sticker album might be coming to WhatsApp. While the development team has just started working ... Read More »

Another Bank Says Its Credit Cards Can’t Be Used to Buy Bitcoin

The U.K. banking group Lloyds has banned its customers from using their credit cards to buy bitcoin and other cryptocurrencies. The move comes just a couple days after U.S. banks—from Bank of America and J.P Morgan to Citigroup, Discover and Capital One—told their customers not to buy virtual coins on credit. “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept ... Read More »

The Marketing Academy reveals its 2018 fellows

Top marketers from brands such as The Walt Disney Company, The Wall Street Journal and Coca-Cola are among 19 marketing leaders who have been chosen to take part in The Marketing Academy’s prestigious Fellowship programme next year. The nine-month programme is designed to provide a pathway for talented CMOs and marketing bosses by arming them with the essential skills required ... Read More »

Current account and a coffee? It’s the bank with a barista

A bank with a barista: the newly refurbished Lloyds branch in Market Street, Manchester. Photograph: Jon Super/UNP It looks like a US tech giant’s office, complete with its own coffee shop, chic “breakout pods”, the latest biometric technology and an events programme. But it’s actually a new Lloyds Bank branch in Manchester. Welcome to the new world of the bank ... Read More »

HDFC Bank cuts savings account interest rate by 50 bps: As rates fall, it’s time you shift to liquid funds

HDFC Bank on Thursday announced slashing interest rate on savings accounts starting this Saturday, joining a spate of banks who underwent the similar exercise in recent weeks. According to the bank, customers who maintain a savings bank account balance of Rs 50 lakh and above will continue to earn interest rate at 4 percent per annum. Similarly, customers having a ... Read More »

It’s official, Indian banks’ health will worsen

The Reserve Bank of India is pushing banks hard on NPAs, but the resolution of bad loans will be a long haul. Photo: Aniruddha Chowdhury/Mint Those who have been hoping that the worst is behind the Indian banking industry are a disappointed lot. Going by the Reserve Bank of India’s (RBI) June Financial Stability Report, the risks to the banking ... Read More »