Mahindra Financial Services Q1 Results: Firm posts profit at Rs 223 crore“We have had a reasonable start to the year. The company has been able to report a satisfactory top line and bottom-line performance on the...
WhiteOak starts mutual fund business with launch of flexicap schemeThe NFO, which opens on 12th July and closes on 26th July, will have a balanced portfolio comprising both cyclical and counter-cyclical sec...
WhiteOak Capital Mutual Fund launches its first scheme, WhiteOak Capital Flexi Cap FundThe minimum investment that can be made in the fund is Rs 500 and thereafter in multiples of Rs 1. The exit load is 1% on the NAV is only a...
Macros a source of random risks, not an opportunity to add alpha, says $5 bn fund managerEvidence from every market cycle shows that the market does not wait for the economy to recover, it does not even need to ascertain when or...
Expect festive season to lead a spur in demand says: Ramesh Iyer, VC & MD, Mahindra FinanceIn July 2021, Mahindra Finance had a disbursement of approximately Rs 2400 crore with a collection efficiency of 95%. The efficiency improv...
There is no value Vs growth, defensives Vs. cyclicals debate at White Oak: Aashish Somaiyaa“If we find that there are more opportunities in certain sectors and they are more attractive relative to some other sectors, we will still...
Importance of selecting the right stock at the right priceMarkets worldwide have traded in the range of 30-40 times current year free cash flow over the last many years, implying that the current y...
Mahindra Finance plans to separate fintech biz, mulls banking licenceThe business unit, which will be called Digital Finco, will focus on small ticket loans particularly in the two wheeler space.
Mahindra Fin to separate fintech bizTo be called Digital Finco, it will focus on small-ticket loans, particularly in the two-wheeler space. Currently, Mahindra Finance does no...
Valuations are crucial to investing, not PE multiples: Prashant Khemka'We focus on value as well as price to cash flow multiple based on our proprietary CLEIR framework or Capital Light Excess Investment Retur...
Small scale firms get lending hand from Paytm, FincosPayments companies wants to facilitate collateral-free working capital loans of up to Rs 1 lakh for small merchants, rickshaw drivers.
Expect profit taking and consolidation in Indian markets: Gautam Chhaocharia, UBSAfter a good move up, the markets cannot continue to move up in a straight line and you will have profit taking, says Gautam Chhaocharia, U...
- 'We want to expand private sector's role in fighting climate change'
Karin Finkelston, Vice-president, Asia, IFC in an interview with ET explains why growing green house gas emissions across developing nation...
- A cut above the rest, MFIs in East ease borrowers’ pain
At least three MFIs based out of Kolkata are on the verge of slashing lending rates by nearly 500 basis points to 19.1% per annum.
- SC rejects Sesa investor’s plea to restrain Vedanta’s Cairn buy
The Supreme Court on Friday refused to restrain Vedanta Group’s bid to acquire Cairn India through an open offer of $3 billion.
- Sesa investor contests Vedanta's Cairn bid
Vedanta Group’s bid to acquire Cairn India has been challenged in the Supreme Court by a minority shareholder of Sesa Goa, a subsidiary of ...
- CARE assigns 'A', 'PR1' rating to JK Tyre & Industries
CARE has assigned ‘PR1’ rating to the commercial paper / short-term debt programme aggregating Rs 20 crore of JK Tyre & Industries Ltd.