RELHF’s loan book grew by 26% YoY to INR 156.4bn (lower than CSEC’s estimate of 47%). However, the book declined by 4.5% sequentially. Growth in AUM came predominantly from Construction finance and individual loans segments which grew by 25% and 21% YoY respectively. The management expects its AUM to grow by 45% CAGR over FY19-21E. Self employed segment, being the …
HDFC AMC shares listed on Monday and ended the day with gains of 65%. Photo: HT The HDFC Asset Management Co. Ltd stock closed 65% up on the first day of listing over its IPO price of ₹1,100 per share. Investors who sold on day one, saw ₹1 lakh investment turn to about ₹1.65 lakh over a 10-day period. HDFC AMC’s business …
Cholamandalam Securities’ research report on Repco Home Finance RHFL’s loan book grew at moderate rate (10.3%YoY, 3.9%QoQ) to INR 99bn on the back of higher disbursements (27.7% YoY, 29.2% QoQ). In 4QFY18, Sanctions grew by 32.2% YoY (19.4% QoQ) which poses healthy loan growth trajectory for coming quarters. The management expects loan book to grow by ~20% in FY19E (15% …
Ford recently launched the all-new Freestyle hatchback-based crossover, in India. The Freestyle was launched considering the rising popularity of SUVs in the Indian market, and this entry-level hatchback-based crossover is likely to attract a lot of customers. Even though there is quite a price difference between the Freestyle and the EcoSport, many prospective customers are likely to take a look …
Disclaimer: This story is for informational purposes only and should not be taken as investment advice. Financial goals are an integral part of investing money into various schemes. Setting aside a life or financial goal can often be motivational for higher investments. A call to Zee Business mutual fund helpline came from a 28 year old investor who has started an SIP in …
Best Buy’s Teen Tech Center at Minneapolis Central Library is serving underprivileged youth by providing them with hands-on access to technology. About 300 teens are active members in the free program, Minnesota Public Radio reported . The program provides teens with computer software and equipment that they can use to learn new skills and make things. Available technology includes virtual reality headsets, …
Canon is planning to buy Swedish security camera maker Axis Communicationsamid slumping demand for digital compact cameras. The tender offer is worth about ¥333 billion (US$2.8 billion) and has been approved by the three largest shareholders in Axis, Canon said Tuesday. Canon already makes its own security cameras, but with Axis it will gain a broad range of IP-based video …