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Analyst Corner: Maintain ‘buy’ on Dabur with price target of Rs 460

Analyst Corner: Maintain ‘buy’ on Dabur with price target of Rs 460 Our recent meeting with Dabur’s management team reiterated steady demand scenario and firm’s improving execution. Amidst increasing to steady market share and waning intensity from Patanjali, Dabur expects volumes to grow in low double digits. Investment in distribution, A&P and ESOP charge will …

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Note printing cost rose to nearly Rs 8,000 crore in demonetisation year, says government

Note printing cost rose to nearly Rs 8,000 cr in DeMo year, says govt The cost of printing currency notes escalated to Rs 7,965 crore in 2016-17, the year when the government had banned the high-value 500 and 1,000 rupee bills, the government informed Parliament on Tuesday. Also, the printing cost came down to a …

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Whopping Rs 1046 crores! What political parties have collected via electoral bonds

‘Political parties raise Rs 1,046 cr via electoral bonds so far’ Political parties have raked in almost Rs 1,046 crore through electoral bond so far since its inception this year, minister of state for finance P Radhakrishnan told the Rajya Sabha on Tuesday. “An aggregated amount of Rs 1,056.73 crore was mobilised through sale of …

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As IPOs dry up, Sebi chief asks i-bankers to get pricing right – All you need to know

Sebi chairman Ajay Tyagi in Mumbai on Tuesday (Express Photo: Pradip Das) The chief of markets regulator Sebi on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market this year and asked investment bankers to play a key role on pricing to draw investors. So far this calendar year, …

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Detailed Sebi guidelines on side-pocketing soon

Detailed Sebi guidelines on side-pocketing soon Markets regulator Sebi will soon issue detailed guidelines on the creation of segregated portfolio or side-pocketing for debt and money market instruments. The Securities and Exchange Board of India (Sebi) also asked fund houses to strengthen their in-house credit risk assessment system instead of completely depending on rating agencies. …

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Flynn sentencing abruptly postponed to allow for cooperation

WASHINGTON (AP) — A federal judge abruptly postponed the sentencing hearing Tuesday for Michael Flynn, President Donald Trump’s first national security adviser, after a stunning hearing in which the judge accused Flynn of selling out his country. The delay allows Flynn to continue cooperating with the special counsel’s Russia probe and get credit for it …

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The Latest: Federal judge delays Flynn sentencing hearing

WASHINGTON (AP) — The Latest on former Trump national security adviser Michael Flynn and the Russia investigation (all times local): 1:05 p.m. A federal judge has agreed to delay former national security adviser Michael Flynn’s sentencing so he can continue cooperating with the Russia probe. U.S. District Judge Emmet Sullivan on Tuesday set a status …

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With merger complete, IDFC First Bank commences business on Wednesday

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The merger of Capital First, a finance company, with private sector lender IDFC Bank is now complete, following requisite shareholder and regulatory approvals.  The merged entity, to be called IDFC First Bank and headquartered in Mumbai, will commence business from Wednesday. V Vaidyanathan will be the managing director and chief executive officer of …

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Judge tells Flynn he can’t ‘hide my disgust’ at his crime

WASHINGTON (AP) — In a stinging rebuke, a federal judge lashed out at President Donald Trump’s first national security adviser Michael Flynn during his sentencing hearing Tuesday, saying “I can’t hide my disgust, my disdain” at his crime of lying to the FBI. “Arguably you sold your country out,” U.S. District Judge Emmet Sullivan told …

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Judge tells Flynn he can’t “hide my disgust” at his crime

WASHINGTON (AP) — In a stinging rebuke, a federal judge lashed out at President Donald Trump’s first national security adviser Michael Flynn during his sentencing hearing Tuesday, saying “I can’t hide my disgust, my disdain” at his crime of lying to the FBI. “Arguably you sold your country out,” U.S. District Judge Emmet Sullivan told …

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