Buy Reliance Home Finance; target of Rs 91: Cholamandalam Securities

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 niche area for the company, continued to constitute 75% of Home loan disbursements in 1QFY19. Adding to the de-growth in loan book, the company also saw a 30bps (QoQ) dip…

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Oppo Find X With Stealth Camera Unveiled in India, Price in India Is Rs. 59,990: Event Highlights

Oppo Find X price in India will pit it against iPhone 8 and Samsung Galaxy S9 HIGHLIGHTS Oppo Find X price in India is Rs. 59,990 The smartphone’s USP is the narrow bezel display and pop-up camera It also has 3D facial scanning, Snapdragon 845 SoC, 8GB RAM The Oppo Find X India launch event has started, bringing the bezel-less smartphone with motorised camera a step closer to fans in the country. Rishabh Srivastava, Product Manager, Oppo has taken the stage to highlight the top features of the new Find X smartphone. Oppo…

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Jio Oppo Monsoon Offer: Jio’s New Offer Gives Users Benefits Worth Up to Rs. 4,900

HIGHLIGHTS Jio Oppo Monsoon offer is applicable between June 28 and September 25 Offer is valid only on Jio 198 and Jio 299 prepaid recharges All new 4G Oppo phones, except the Realme 1, are eligible Jio has announced a new offer for those buying an Oppo smartphone. Under the brand new Jio Oppo Monsoon offer, the telco is offering benefits worth “up to Rs. 4,900” though you may have to wait a long, long time for most of those benefits to get realised. The offer is being extended to both new and…

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iVOOMi V5 launched in India with Reliance Jio’s Rs 2,200 cashback offer

Chinese electronics company iVOOMi on Thursday announced its partnership with Reliance Jio to offer a cashback of Rs 2,200 on the purchase of new smartphone V5. Priced at Rs 3,499, the dual-SIM device is available on Snapdeal. “This entry-level smartphone is in line with our objective to broaden the horizon of advanced technology and features in the affordable segment of smartphones in India,” Ashwin Bhandari, CEO, iVOOMi India, said in a statement. The 5-inch device with shatterproof display sports a 5-megapixel rear camera with LED flash and a 5-megapixel front…

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Buy Repco Home Finance; target of Rs 684: Cholamandalam Securities

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% growth in TN and 20-25% growth in ex-TN regions) and disbursements by 35-36% in FY19E. Growth in loan book was led by salaried segment (18.8%YoY). Non-salaried segment witnessed a moderate…

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Indian Mobile Manufacturing to Touch Rs. 132,000 Crores by Year-End: Ravi Shankar Prasad

Indian mobile manufacturing industry is expected to touch Rs 132,000 crore by the end of 2018, Electronics and IT Minister Ravi Shankar Prasad said on Thursday. India manufactured about 110 million mobile phones in 2015-16 as compared to 60 million in 2014-15, a growth of over 90 percent. In value terms, India’s mobile manufacturing industry produced mobile phones worth Rs 54,000 crore in FY15-16, compared to Rs 18,900 crore in FY14-15. This touched Rs 94,000 crore by the end of 2017, the minister said. He was speaking at an event organised by MeitY,…

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Aye Finance raises Rs 25 cr from Hinduja Finance & Intellegrow

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, which makes servicing these small ticket loans an expensive proposition. We at Aye have not only designed our processes and automation at minimum cost but we have also partnered with…

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GoAir 2018 Sale: Flight Tickets Start From Rs. 1,005, Bookings Available Till January 12

The travel period of GoAir’s sale ends on May 31, 2018. HIGHLIGHTS Bookings under GoAir 2018 Sale can be made till January 12 Promotional scheme valid on travel till May 31, 2018 Airline offers all-inclusive fares from Rs. 1,005 on flights from Guwahati GoAir is offering domestic flight tickets starting at an all-inclusive price of Rs. 1,005 on select destinations. Under a promotional scheme, called GoAir 2018 Sale, bookings can be made till January 12. That means for those looking to avail the airline’s offer – GoAir 2018 Sale, today…

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How to earn Rs 50,000 monthly via investing in mutual funds?

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

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Indian parents spend Rs 12.25 lakh on children’s education, Hong Kong leads with Rs 85.67 lakh

In a fiercely competitive job market today, education is highly prioritised by parents, with Hong Kong residents shelling out $132,161 (Rs 86 lakh) on their children’s school or university tuition fees, books, transport and accommodation – the highest in the world. Indians, meanwhile, are spending $18,909 ( Rs 12.25 lakh) while the world average spending on children from primary school to university undergraduate levels is about $44,221 (Rs 29 lakh), says an HSBC report: Higher and higher, The Value of Education series. About 89% Indians fund their children’s education, 79%…

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