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Tag Archives: Target

Buy Shriram City Union Finance; target of Rs 2000: Cholamandalam Securities

SCUF’s, AUM grew by 7.7% YoY to INR 296bn in 4QFY19 predominantly led by growth in SME (14.8%YoY), 2Ws segment (6.9%YoY), and Other Non-gold loans (4.3%YoY). Consequently the loan mix was noted at SME segment (60%), Two Wheeler (18.2%), Loan against gold (9.2%) and Others (12.6%). Overall disbursements remained flat YoY (up 44.3% QoQ) in 4QFY19 at INR 66.1bn, given ... Read More »

Xiaomi Lowers Target as It Kicks Off IPO

Chinese smartphone maker Xiaomi kicked off its initial public offering Thursday but the firm is likely to pull in about $6.1 billion (roughly Rs. 41,600 crores), far less than originally expected, with investors having mixed views about its main business. Xiaomi had hoped to raise $10 billion (roughly Rs. 68,000 crores) with the Hong Kong IPO, making it the biggest since Alibaba’s $25 billion ... Read More »

Xiaomi Said to Be Set to Blow Past 2017 Revenue Target

HIGHLIGHTS Xiaomi said to topple its revenue target by 18 percent Xiaomi’s anticipated IPO in 2018 could be the biggest of the year Xiaomi profits expected to grow sharply into 2019 Chinese smartphone maker Xiaomi has told bankers it would top its annual revenue target by as much as 18 percent, sources with knowledge of the matter said, marking a comeback from ... Read More »

With Finance Minister Apparently Swamy’s New Target, BJP Upset: Sources

BJP lawmaker Subramanian Swamy said that if he “disregarded discipline there will be a bloodbath” in the Finance Ministry. (Reuters File Photo) NEW DELHI:  HIGHLIGHTS Series of tweets by Mr Swamy seen as veiled dig at Finance Minister Mr Jaitley had earlier responded to his attacks on Chief Economic Adviser Top BJP leaders reportedly unhappy with Mr Swamy’s recent statements ... Read More »