Home » 2018 » August (Page 2)

Hold Repco Home Finance; target of Rs 697: Centrum

Repco Home Finance Ltd (RHFL), for Q1FY19, reported muted growth while NPAs remained stable. Net interest income (NII) grew 8.2% YoY, on the back of loan book growing 11.8% YoY despite stress in Tamil Nadu (TN). Pre-provisioning profit (PPP) grew at a muted pace of 2.8% due to...
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PTC India looking to exit wind power business

New Delhi: The country’s largest electricity trader, PTC India Ltd, is exploring the possibility of exiting its wind power business and is scouting for investors for this, said two people aware of the development. This comes against the backdrop of India’s renewable energy tariffs hitting a record low. The...
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Venues Banned from Hosting Crypto Events in Beijing’s Finance District

Shopping malls, hotels, restaurants, and office buildings in downtown Beijing have been ordered not to provide venues for activities that promote cryptocurrencies. A document, first circulated online on Wednesday, indicates that the district government has now banned commercial properties from hosting events relating to “cryptocurrency talks and promotion.”...
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Hero re-enters used two-wheeler business

Hero MotoCorp has made a comeback in the used two-wheeler business. Dubbed Hero Sure, it allows buyers to exchange their old motorcycle or scooters while purchasing a new Hero two-wheeler. Hero Sure has been promoted by Pawan Munjal, Chairman, Managing Director and CEO of Hero MotoCorp. The country’s...
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Wadhawan Global Capital launches wealth management business in India

Financial services group, Wadhawan Global Capital, on Tuesday announced its foray into wealth management business with the introduction of WGC Wealth.  The wealth management arm will be serving clients across the Ultra High Networth Individuals (Ultra HNI), HNI and affluent segment. Commenting on the launch, Kapil Wadhawan, Chairman,...
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Japan: Finance Giant SBI Makes New Investment in LastRoots Crypto Exchange, Will Aid License Acquisition

Japanese financial services giant SBI Holdings announced in a press release Monday, August 20, that it had made a second investment in troubled cryptocurrency exchange LastRoots. SBI, which last month opened its own cryptocurrency exchange after gaining regulatory licensing, without disclosing the amount of the investment, which follows its initial cash injection in December 2017. “We are preparing...
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Why Amazon Wants You To Ask For Business Opening Hours

Yext announced a partnership with Amazon Alexa where businesses will be able to feed their digital information directly into Alexa via the Yext Knowledge Engine. Handy, but right now most people aren’t using Alexa and devices like Google Home for this reason based on most researchout there. Jon Buss, Managing Director UK & Northern Europe at Yext;...
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