Business

Broking Firm Emkay Global bets on Kalpataru Power.

Broking Firm Emkay Global bets on Kalpataru Power.

Broking firm Emkay Global is betting on the stock of Kalpataru Power Transmissions for solid returns. The firm has a buy on the stock of Kalpataru for an upside target of Rs 565 on the stock, as against the closing price of Rs 388 on Aug 27 (Friday), which implies gains of 44% per cent from current levels. Solid prospects for Kalpatru Power According to Emkay global, the company has strong prospects in T&D, Railways Pipeline. "Proven expertise and track record in the execution of EPC projects…
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Reliance Retail has acquires licence to manufacture and market consumer durable products under the iconic Indian brands BPL and Kelvinator

Reliance Retail has acquires licence to manufacture and market consumer durable products under the iconic Indian brands BPL and Kelvinator

Making a big foray into electronics manufacturing and distribution, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL)’s subsidiary Reliance Retail has acquired the licence to manufacture and market consumer durable products under the iconic Indian brands BPL and Kelvinator, reports Hindu Businessline. Reliance is said to have readied an aggressive marketing and distribution plan to revive the two old Indian brands and push the sales through its offline and online platforms. The products of the two brands will also be distributed across local electronic stores, retail and online portals. Reliance…
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EntrepreneurByts:The Eleven Years of Zerodha journey.

EntrepreneurByts:The Eleven Years of Zerodha journey.

By Nithin Kamath Aug 15th, 2010 happens to be the day we started Zerodha, which means we turn 11 today The past year, 2020-2021, has been highly eventful, to say the least. Society changed in unexpected ways, as did the industry, bringing a large influx of new traders and investors. To adapt to the rapid growth and changes, we have had to make numerous changes internally to our processes, products, and even how we operate as a business by going fully remote. At the same time, we…
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Cronies are plundering the Banks’ loans; More than 50 percent of people appointed as the independent directors of the banks and PSUs are politicians from BJP’ :    Prashant Bhushan

Cronies are plundering the Banks’ loans; More than 50 percent of people appointed as the independent directors of the banks and PSUs are politicians from BJP’ : Prashant Bhushan

·      India is in dire need of transparency law in the banking system . ·      Time to demand right to job for every citizen with a standardized minimum wage. New Delhi,  20 August 2021: All India Bank Employees Association in its mission to share all the facets of banking sector today invited Shri Prashant Bhushan, Supreme Court lawyer and social activist, to be the speaker and share his perspective on the theme People’s Money for People’s Welfare.  While addressing attendees at the AIBEA National Seminar, he pointed our Banks are facing serious problems because of…
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AADHAR, UPI, Aarogya Setu & CoWin App has been India’s incredible success towards digitization in financial and healthcare sector: Himanshu Kapania

AADHAR, UPI, Aarogya Setu & CoWin App has been India’s incredible success towards digitization in financial and healthcare sector: Himanshu Kapania

India has embraced the SDG targets and is on the way to achieve the climate change goals: Naina Lal KidwaiThe recovery in India has been delayed, it has not been derailed: Shailesh Pathak NEW DELHI, 17 August 2021: Mr Himanshu Kapania, Vice Chairman, Grasim & Director Telecom, Aditya Birla Management Corporation Pvt Ltd. & Chair, BBC Working Group on Digital Economy (India) at the BRICS Business Forum, yesterday said that India aims to develop digitization of healthcare with an exchange program among BRICS nations to support and implement health monitoring &…
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Business Byts:The growth story of BSE SME platform that generated magnificent returns in last one year.

Business Byts:The growth story of BSE SME platform that generated magnificent returns in last one year.

BSE SME IPO Index has given a massive return of over 255% to the investors in the past 1 year, beating BSE Smallcap Index with a large periphery, which has given a return of over 95% during  the same period. Launched in 2012, the BSE SME platform has listed 343 SMEs till date, out of which 112 have migrated to the BSE main board. A total of over Rs. 3,500 crore has been raised by SME Companies from the BSE SME platform, providing them with required equity…
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Twenty years of Activa’s rule in two wheeler segment.

Twenty years of Activa’s rule in two wheeler segment.

The Activa is a great scooter for urban riding. It looks smashing, it’s easy to ride, peppy, and has ample storage space to take it shopping. Added to this is the Honda name and expertise and the wide dealer network. That’s good news for Indian scooterists.” Those were our exact words after riding the Honda Activa in June 2001 and boy, didn’t they turn out to be spot on?  Twenty years have passed and, in the time since, Honda went on to sell a staggering 2.5 crore…
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Utkarsh Small Finance Bank gets SEBI approval to float IPO

Utkarsh Small Finance Bank gets SEBI approval to float IPO

Varanasi, Uttar Pradesh based, Utkarsh Small Finance Bank Ltd, has received market regulator Securities and Exchange Board of India’s (SEBI) nod to raise Rs. 1350 crore through the Initial Public Offering (IPO) route. The company had filed DRHP with SEBI on March 5, 2019. The IPO consists of fresh issue aggregating up to Rs 750 crore and an offer for sale of up to Rs  600 crore by the selling shareholder Utkarsh Coreinvest Ltd. The equity shares, of face value Rs 10 each, will be listed on the National Stock Exchange…
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RBI impose penalty of 10 crores on HDFC Bank towards forcing auto loan cuy to buy GPS device.

RBI impose penalty of 10 crores on HDFC Bank towards forcing auto loan cuy to buy GPS device.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of certain rules, the central bank said on May 28.This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said.An examination of documents in the matter of marketing and sale of third-party non-financial products to the bank's customers, arising from a whistle blower…
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ESAF Small Finance Bank reports28.07% increase in operating profit

ESAF Small Finance Bank reports28.07% increase in operating profit

Kochi: Kerala-based social bank, ESAF Small Finance Bank has recorded a 28.07 % increase in its operating profit for the year ended March 31, 2021. The Operating profit increased from 324.70 crores to 415.84 crores despite the challenges faced during the year. Deposits have grown by 28.04% from ` 7028 Crore as at 31 March 2020 to ` 8999 Crore for the year ended 31 March 2021. Total CASA improved to ` 1748 Crores from ` 960 Crores marking a growth of 81.99% over the same period last year. CASA proportion to Deposits also significantly improved…
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