Vehicle retail sales nosedive in December in spite of discounts
The number of registrations at RTOs came down by 15% in December as compared to a year ago.
You’ll never find an entry point if you wait for India to trade at a discount: Bill Maldonado
Logically, money will go out of developed marke...
IT rejigs its bills as deals dry up
Financial engineering has been an industry practice for long, but its nature is now changing.
Karvy sets deadline of February 15 to pay clients’ dues
Karvy Stock Broking has set a February 15 deadline to pay all its dues to clients, which includes stocks and funds worth several crores of rupees. With a new man at the helm, it is also going in for a restructuring of its financial services business and there are rumours that this may include sale of assets.
SAT stays Sebi order in Axis-Karvy stock broking case
Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.
Centrum maintains add on HCL Technologies, target price Rs 650
Steady margin expansion along with improvement in payouts are positives for the stock.
Karvy case fallout: Brokers may lose power of attorney privilege
Brokers taking collateral may only get to create a pledge on shares with customer consent.
Phone? Discount days may not be far off
Xiaomi, Realme and Samsung, which play both in the online and offline space, haven’t been able to clear inventory of old models in the October-December quarter while they continue launching new devices, industry watchers said. They added that Vivo and Oppo, who play mainly in the offline segment, also face similar issues but to a lesser extent.
Centrum Broking gives buy on Infosys, target price Rs 850
Shares of Infosys closed at Rs 775, up 0.25%.
How global investors traded Reliance Capital bonds at 70% discount amid revival hope
The discount narrowed to 70% in the latest transactions from 80% in trades in November.
CCI orders probe against Amazon, Flipkart over discount practices
India's competition watchdog has ordered its investigative wing to probe Amazon and Flipkart over their discounting practices, exclusive brand launches on the platforms and the preferential treatment they have allegedly offered to certain mobile phones sellers.
Cyient Q3 revenue drops on one-time client discount; firm cuts jobs
The company’s revenue dropped to $155.2 million, from $165 1 million a year ago.
Offline traders warn of Xiaomi, Samsung boycott over online discounting
Retailers have been relentlessly campaigning against exclusive deals, cashback offers, etc, by the two.
Discounts on BS-IV vehicles come down
Over the past three months, including the festive season, auto companies had given huge discounts — as high as Rs 1 lakh — to customers depending on the model. This was to reduce their BS-IV inventories leading up to the transition to BS-VI from April 2020.
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