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Author Archives: Loknath Das

Real estate players unhappy with RBI’s status quo on repo rate

The Indian real estate sector was not very pleased with the Reserve Bank of India’s (RBI’s) decision to keep key repo rate unchanged at 5.15% in its December policy review on Thursday, i.e. 4 December. This is the first pause after five consecutive rate cuts by the monetary policy committee (MPC) since February, during which the policy rate was lowered ... Read More »

Real estate industry disappointed with RBI pressing the halt button

Contrary to the expectations, the Reserve bank of India (RBI), decided to keep the repo rate unchanged at 5.15 per cent, after five consecutive rate cuts. Real estate industry watchers were disappointed by the move. As the sales are declining in the sector, they were expecting RBI to cut interest rates further. “RBI’s decision to not lower interest rate has ... Read More »

Xiaomi bets big on financial services in India

NEW DELHI: Chinese handset maker Xiaomi said it aims to become one of the largest financial-technology companies in India through its Mi Credit lending service and Mi Pay application and the expansion of its financial product portfolio with new services such as insurance and supply chain financing, which it already offers in China. It has started talks with banks and more nonbanking financial companies ... Read More »

Vodafone Idea new mobile plans: Price, talktime validity, data explained

Vodafone Idea on Sunday announced new tariffs for its various prepaid mobile plans. The new plans will be available across India from 3 December 2019. Vodafone Idea announced a maximum increase of 50% in its unlimited plan with a year-long validity, the new plan will cost ₹1,499 instead of 999 and will have data usage limit of 12 GB instead of 24 ... Read More »

Ujjivan Small Finance Bank’s strong fundamentals offer some safety

Brokerages have recommended subscribing to the IPO of Ujjivan Small Finance Bank as it has been priced at a significant discount to its peers owing to its strong fundamentals. Angel Broking, Geojit Securities, ICICIdirect and NVS Wealth Managers have given a ‘subscribe’ rating to the issue. The Rs 750-crore IPO will open on Monday and close on Wednesday with its ... Read More »

Global pension funds are eyeing Bengal’s real estate market

International institutional investors, including large pension funds like The CPP Investment Board, officially the Canada Pension Plan Investment Board, Mirae Asset of Korea, couple of Japanese as well as Middle East funds are eyeing Kolkata’s real estate market to grab a slice of its retail, IT and logistics growth cycle. With REIT opening up giving these foreign funds an opportunity to exit, the ... Read More »

Government mulls more relief for real estate sector, NBFCs

NEW DELHI : In a bid to help the NBFCs and real estate companies, the Centre is considering more relief measures for both stressed sectors. In the past few months the government has announced few measures to ease liquidity and the credit crunch in the economy. According to sources, the government is weighing the option of unburdening some of the major ... Read More »

Real estate package easy to implement in the short term: Samir Arora of Helios Capital

Indian markets on November 26 touched new milestones but failed to hold on to gains and ended moderately lower. The Sensex hit 41,000 for the first time, rising to 41,120 at day’s high before settling 68 points lower at 40,821. The broader Nifty also touched a new intra-day high of 12,132 though settled 0.30 percent lower at 12,037. In an interview ... Read More »

Internet shut down in Iran in response to large-scale fuel protests

Iran has shut down its internet. In a bid to quell growing protests across the country over a sudden hike in gasoline prices three days ago, the Iranian government has severely restricted the nation’s online services. The blackout appears to be part of efforts to prevent people from organizing protests and disseminating news of the unrest. Oracle’s Internet Intelligence, which ... Read More »

Search for good picks in real estate and chemical sectors: Anshul Saigal, Kotak PMS

Do you believe that the softness that we have seen in demand when it comes to the revenue growth in Q2 is likely to percolate into the coming quarters or are you expecting some sort of reprieve in Q3? Our belief is that this result season has been a polarised one, based on results particularly. What we do see is ... Read More »