Both debt and equity markets experience net inflows Foreign Portfolio Investors (FPIs) injected funds worth Rs.223.1 billion in domestic capital market during January 2018. Funds worth Rs.55.2 billion were withdrawn in December 2017. Both debt and equity markets experienced net inflows. Net inflows from debt and equity markets amounted to Rs.93.6 billion and Rs.129.8 billion, respectively. Mutual fund investments fell by 1.5 per cent to Rs.269.3 billion as compared to the preceding month. Investments in equity markets declined while debt markets witnessed rise in investments in January.
Lenovo Group (HKSE: 0992) (PINK SHEETS: LNVGY) announced results for its third fiscal quarter ended December 31, 2017. Revenue was US$12.9 billion, a 6.3 percent increase year-over-year, and 10 percent increase over the second fiscal quarter of FY2017/18. Lenovo continued to enjoy significant revenue gains in PCs and smart devices (PCSD) and the Data Center Group (DCG). Lenovo’s Mobile Business Group (MBG) performed as expected for the quarter. Lenovo showed strong pre-tax income growth in the quarter, up sharply to US$150 million, a four-fold increase from last quarter, and nearly a 50 percent jump from the same period a year earlier. Lenovo management credited the performance to execution of its “three-wave strategy,” which emphasizes leadership in its core businesses, growth in key seg
The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx , India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI here today. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to 200 ( extremely positive) . The parametric feedback was captured through a survey of 1100 MSEs in November –December. CriSidEx will have 2 indices , one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey , providing independent time series data. The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus he
Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited towards Transportation of Coal/Sand and Loading by Pay-Loader / Excavator. Sealed application in prescribed format is invited from the bonafide and experienced contractors for registration towards undertaking the work of: (i) Transportation of Coal. (ii) Transportation of Sand. (iii) Loading by Pay – Loader. (iv) Loading by Excavator. The Application form along with the Notice Inviting Application may be downloaded from ECL website www.easterncoal.gov.in and Government portal www.tenders.gov.in till 31.08.2018 from 01.09.2016. In that case, a Demand Draft (Non - Refundable) of Rs. 573.00 (Rupees Five hundred & Seventy three only), drawn in favour of Eastern Coalfields Limited payable a
Amazon celebrated its biggest holiday season with customers all around the world shopping at record levels. Prime membership continued to grow this holiday – in fact, in one week alone, more than four million people started Prime free trials or began paid memberships, to benefit from free two-day, one-day or same-day shipping, in addition to ultra-fast one and two hour delivery with Prime Now. Customers shopped from hundreds of millions of products, including a vast selection from small businesses and entrepreneurs. More than one billion items were ordered from small businesses and entrepreneurs worldwide this season – and over just five days, from Thanksgiving through Cyber Monday, nearly 140 million items were ordered from small businesses and entrepreneurs. Amazon Devices also had it
Mahindra Logistics, the subsidiary of Mahindra & Mahindra, is scheduled to open its initial public offering on October 31, with a price band of Rs 425-429 per share. The offer will close for subscription on November 2, 2017. The book running lead managers to the issue are Kotak Mahindra Capital Company and Axis Capital. Equity shares are proposed to be listed on BSE and NSE. Here are 10 things one should know before investing in Mahindra Logistics IPO:- Company Profile Mahindra Logistics, the 3rd party logistics (3PL) solutions provider, is a part of the Mahindra Partners Division of the Mahindra Group. It operates in two distinct business segments - supply chain management (SCM) and corporate people transport solutions (PTS). Through its SCM business, the company offers custom...
Bharat Financial Inclusion Ltd, India’s first listed micro lender, on Monday said it is in a pact with IndusInd Bank Ltd for exploring a merger. “Bharat Financial has entered into an exclusivity agreement with IndusInd Bank for agreeing to have an exclusive discussion with IndusInd Bank about the proposed potential strategic combination by way of amalgamation through a scheme of arrangement, or any other suitable structure,” the company said in a notice to the stock exchanges. “The agreement primarily provides for confidentiality of information/discussion and finalisation of the terms and conditions relating to the proposed transaction with a view to entering into a definitive documentation after the necessary approvals,” the company added.
The public issue of Dixon Technologies has been fully subscribed on the second day. The Rs 600-crore IPO has been oversubscribed 1.18 times on Thursday, as per data available on the National Stock Exchange. The issue received bids for 28.11 lakh equity shares against issue size of 23.76 lakh shares (excluding anchor investors' portion that already received good response). On day one yesterday, the issue was subscribed 0.78 times as the reserved portion of qualified institutional investors saw subscription of 1.34 times and retail 0.78 times. The public issue consists of fresh issue of Rs 60 crore and an offer for sale of upto 30,53,675 equity shares (including anchor portion of 10,18,027 equity shares). The company aims to raise Rs 597.44-599.27 crore through the issue, at a price ban
12:05 pm JLR's car in electric version: All new Jaguar Land Rover cars will be available in an electric or hybrid version from 2020, Britain's biggest carmaker said, as it speeds up plans to electrify its model range. Last year, the company, owned by India's Tata Motors, said it would offer greener versions of half of its new line-up by 2020, but it has now ramped up its plans. Demand for electric models continues to rise sharply and in July Britain said it would ban the sale of new petrol and diesel cars from 2040 to cut pollution, replicating plans by France and cities such as Madrid, Mexico City and Athens. Carmakers are racing to tap into growing demand for low-emissions models with Nissan launching a revamped version of its Leaf electric vehicle on Wednesday in a bid to better take
Economic activity in the country lost some pace amid GST related disruptions but underlying growth momentum remains strong and the country may clock 6.7 per cent growth this fiscal, says a Morgan Stanley report. India's economic growth slipped to a three-year low of 5.7 per cent in April-June, underscoring the disruptions caused by uncertainty related to the GST rollout amid slowdown in manufacturing activities. Commenting on the GDP numbers, Morgan Stanley said, "We are inclined not to read this as a sign of general slowdown in aggregate demand". "Indeed, we remain skeptical that the GDP statistics are fully reflecting the underlying growth trends in the economy," Morgan Stanley said in a research note. It further said that a number of high frequency growth indicators are indicating...