Huawei looks at India as US bans it for spying for China govt; commits to follow all rules
India, the largest wireless market outside China by number of subscribers, has been a focus for investment by Huawei.Huawei Technologies Co., the wireless network giant blocked from selling its equipment in the U.S. and some other…
Indian public sector banks had “worst phase” under Manmohan Singh, Raghuram Rajan:…
Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving all the public sector banks a “lifeline” is today her primary duty.Finance Minister…
Stock corner: Sun Pharma trading at 20% discount, retain buy – Jefferies
Sun is trading at 16x FY21 PE, a 20% discount to peers.Sun announced the launch of its dry eye treatment drug Cequa. We expect it to have $70m peak sales in two years. While Restasis genericization is a risk, we believe Cequa, given its…
Fidelity follows rivals in cutting online trading commissions to zero
FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder/File Photo(Reuters) - Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks,…
Amid slowdown, insurance biz record robust growth; how traffic fines, motor insurance may have…
Both life and non-life insurance segments saw robust growth in terms of premiums collected at least till the six-month period ended September 30 of FY20.Even as the economy undergoes a slowdown, the insurance sector posted a substantial…
HDFC cuts retail prime lending rate by 10 bps
Mortgage major Housing Development Finance Corporation on Monday reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points, making loans cheaper for all its existing customers.The RPLR, on which its adjustable rate…
Stock corner: Maintain ‘buy’ on HUL with target price of Rs 2,250
With the push-for-premium sustaining, we expect better earnings growth.Hindustan Unilever’s (HUL) Q2FY20 revenue growth of 6.7% YoY came in line, while EBITDA and PAT spurt of 21.0% and 21.5% YoY, respectively, surpassed our estimates.…