Hold Shriram Transport Finance Company, target Rs 1,181: Emkay Global Financial Services

View of the brokerage- MHCV slowdown resulting in slower disbursements: The domestic MHCVs are showing tepid demand due to high base effect, rural distress, changes in axle norms, leading to surplus capacity and slowdown in real estate. Although the implementation of BSVI emission norms may drive some pre-buying for CVs, the used CV segment is at a downturn as driver-owner is facing surplus capacity with stagnating income levels. We revise our disbursements growth estimates downward to nearly 10 per cent CAGR for FY18-20E from nearly 14 per cent earlier, considering the…

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IITs see fall in number of students qualifying, to hold emergency meeting

The Joint Admission Board (JAB) has called an emergency meeting on Wednesday to discuss the issue of increasing the number of qualified students for Joint Entrance Examination (JEE) Advanced, responding to concerns over the likely situation of seats going vacant. This year, the result of the JEE Advanced 2018 declared by the Indian Institute of Technology (IIT) Kanpur on Sunday witnessed a drastic fall in the number of candidates who qualified. Students who clear JEE Advanced are eligible to take admission in any one of the 23 IITs all over the country….

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Supreme Court puts admissions to IITs and NITs on hold over bonus marks

The Supreme Court on Friday put on hold admissions to most of the country’s engineering colleges, including the prestigious Indian Institutes of Technology (IITs), over awarding of bonus marks in the joint entrance examination (JEE). The order, which will affect 33,000-odd students, came on a petition filed by two candidates who sought the court’s direction to IIT-Madras to revise the list of successful students without giving them bonus marks. According to them, bonus marks should not have been awarded to all the candidates but only to those who attempted the…

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