Tag Archives: part

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 »

Never bought a business that wasn’t already part of Quikr: CEO Pranay Chulet

In the North Bangalore headquarters of online classifieds company Quikr India Pvt. Ltd, the conference rooms are called ‘jaldi’, ‘raftaar’, ‘daud’, and so on, names that are synonymous with speed. The nomenclature couldn’t have been more apt, given Quikr has been buying companies at breakneck pace. On Wednesday, it made its latest acquisition, buying blue-collar jobs listing company Babajob in ... Read More »

Cipla puts biosimilar business on backburner as part of business rationalisation

Drug maker Cipla said it will stop plans to manufacture biosimilar drugs in-house as part of company-wide restructuring that involves exiting non-core and low profit businesses. “We realised that manufacturing (of biotech drugs) is not important,” said Umang Vohra, Managing Director and Global Chief Executive Officer of Cipla. “There are enough efficiencies in the biotech system outside of our own,” ... Read More »

Visit Ebay and Take Part in the Rain of Offers!

I am sure that, Ebay does not need any introduction at all. You all know that, it is an online shopping store that has been providing millions of products to its customers. It is one of the biggest ecommerce portals all through the world. Right from electronic items to fashion accessories, this shopping store has been providing number of products ... Read More »

UK independent tech firm to buy part of Hewlett Packard

One of Britain’s largest independent technology firms is to announce a multibillion-pound deal to buy part of Hewlett Packard’s software business. Hewlett Packard Enterprise (HPE) will spin off and merge its non-core software assets with Britain’s Micro Focus International in a deal worth $8.8bn (£6.6bn), the companies said on Wednesday. The move is part of HPE chief executive Meg Whitman’s ... Read More »

Costs of overdrafts to fall as part of UK banks overhaul

A package of measures intended to save bank customers £1bn over five years has been widely criticised for failing to provide a robust approach to breaking the stranglehold of the “big four” on the high street. Even as the Competition and Markets Authority pledged to halve the £1.2bn customers pay in unauthorised overdraft fees each year, consumer bodies, challenger banks ... Read More »