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Morgan Stanley initiates coverage with overweight rating on AU Small Finance Bank

     AU Small Finance Bank share price gained a little over 2 percent after global brokerage firm Morgan Stanley has initiated coverage with overweight rating on the stock. The research house has set a target of Rs 725 per share for the stock, implying 19.3 percent potential upside over Thursday’s closing price. Morgan Stanley expects the non-banking finance company to ... Read More »

Trump Executive Order on Health Insurance Aimed Directly at Small Business

Obamacare still hasn’t been repealed. And the chances it happens before the end of the year seem unlikely. Executive Order on Health Insurance However, last week President Donald Trump performed a bit of an end-around on the stifling healthcare bill by signing an executive order aimed specifically at providing small businesses some relief — and more affordable health insurance options. ... Read More »

Buy, Sell, Hold: Here are 4 stocks on analysts’ radar today

TCS Brokerage: Macquarie | Rating: Neutral | Target: Raised to Rs 2,375 The global research firm highlighted that sluggishness continued in banking space, while retail was bottoming out. Meanwhile, deal sizes in digital have begun to rise. It expects dollar revenue growth for the firm and Infosys to converge to 8 percent year on year in FY19. Going forward, it ... Read More »

Small finance banks on deposit mobilisation spree on 1st year of operation

With eight out of ten small finance banks now fully operational, aggressive deposit mobilisation in the first year of operation has turned out to be the key strategy for almost all the new entities. In addition, the new age banks are betting big on technology to reduce the cost of operations.   All the operational small finance banks are offering up to 100-150 basis points higher interest rate on term deposits over market rates. ... Read More »

Top stocks in focus on Monday, 25 September, 2017

Now-hot-now-cold war cries on the Korean Peninsula, distress signs in the domestic economy and rapid exit of foreign portfolio money all hemmed in to drag the domestic stock market last week, and mutual funds were no longer able to cushion that fall. For some, it’s a wait-and-watch situation now; for others, it’s a stock-picking opportunity. We scoured news sources for events and triggers that ... Read More »

Economy is on a downhill path, demonetisation was not required at all: Manmohan Singh

Former Prime Minister Manmohan Singh on Friday said the economy is on a “downhill path” because of the “adventure” of demonetisation undertaken last year which was not required at all, either technically or economically. Singh, a renowned economist considered to be the architect of the reforms of early 1990s, said demonetisation has not been successful in any civilised country, except ... Read More »

Weakest eurozone economies on long road to recovery

Prime minister Mariano Rajoy has made it easier for Spanish firms to sack employees. Photograph: Albert Gea/Reuters Jean-Claude Juncker’s hailing of Europe’s economic recovery came in terms that would have been unimaginable at the height of the eurozone debt crisis in 2010. Back then, the focus of concern was on a handful of countries that ultimately required bailouts – Greece, Portugal and Ireland ... Read More »

SICCI holds session on business opportunities in South Africa

(from left) R Ganapathi, Senior Vice President, SICCI; Ben Joubert, Deputy High Commissioner of South Africa to India and MM Murugappan, Vice Chairman, Murugappa Group and Honorary Consul of South Africa in Chennai at an interactive session on ‘Doing Business with South Africa’, in Chennai on Monday. – Bijoy Ghosh CHENNAI, SEPTEMBER 11:   To enhance business cooperation between India and ... Read More »

Focus on cleaning bank books, rather than mergers: Raghuram Rajan

In an interview, former RBI Governor Raghuram Rajan elaborates on his stint and nuances of monetary policy Former RBI governor, Raghuram Rajan’s latest book, I Do What I Do: On Reform, Rhetoric and Resolve, was launched on Tuesday. Ahead of the launch he spoke to BusinessLine on a wide range of subjects from tackling the NPA mess and independence of the RBI to ... Read More »

Bajaj Finance trades higher on fund raising through QIP

Bajaj Finance was trading at 1,808.55 per share, up by Rs 14.15 per share or 0.79% as of 1041 hours. The stock attracted a total traded volume of 4,51,632 shares and traded value of Rs 81.39 crore on NSE. The stock was outperforming the Bank Nifty index in the morning hours on Wednesday. Bajaj Finance on Tuesday has launched a qualified ... Read More »