Dolat Capital’s research report on Cholamandalam Investment and Finance In our visit note dated 24th Dec 2018, we were confident of a strong performance, even in the crisis. It reported an even better performance. Disbursements grew 13% YoY with vehicles growing 11% YoY, and LAP 18% YoY. A 34% YoY growth in vehicles and a 14% growth in LAP aided a 32% YoY growth in AUM. The negative carry on upfront lines drawn (` 5000 mn) let NIMs down, but we are not perturbed. We have factored a 20% growth in AUM, dragged by weaker demand sentiment in its largest contributing…
Author: Loknath Das
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While market challenges proved as a dampener on disbursals (used de-grew 18% YoY) and core AUMs reported mere 12% YoY, SHTF maintained decent earnings performance with PAT growing 17% YoY at Rs 6.4bn (PLe: Rs 6.1bn). Beat on numbers were largely driven by NII putting up healthy 15% YoY growth translating into healthy 17%+ YoY growth in PPoP indicating core metrics remaining strong for SHTF. While NIMs at 7.4% were maintained, funding costs pressures have been rightly compensated by rebound in asset quality w.r.t. absolute GNPAs declining (1.4% YoY) and credit costs reducing YoY and QoQ (22bps). While Management stands…
With the budget for the financial year 2019-2020 round the corner, leading tech companies are hopeful of a strong focus on emerging technologies such as analytics, hybrid cloud, IoT, mobility, smart city initiatives, while creating business opportunities across the spectrum. While last year was a turbulent year with GST implementation, they still believe that there is a lot to achieve in the field. We got in touch with industry stalwarts to see their expectations from the budget for this year. “Technology is disrupting every sector, be it retail, cement, e-commerce or media. Big Data is the oil that is fuelling advanced analytics…
His fans are delighted that he is back. Liverpool star player Mo Salah sparked conspiracy theories when he deleted his social media accounts. Few of his fans began wondering if he had issues with the Egyptian FA, while his loyal fans concluded that he was focusing on ensuring the Liverpool wins the Premier League. Looks like it was all part of an advertising campaign. DHL Express Egypt posted on Instagram, Twitter and Facebook this week saying, “We’ve reached Mo Salah and we can connect you to him”. DHL Express Egypt@DHLExpressEgypt Time to get in touch, for real. This film features…
Social media giants have been told by the Health Secretary to purge their sites of self-harm and suicide material, or face legislation. Matt Hancock, Secretary of State for Health and Social Care, has this weekend written to social media bosses warning them that action is “urgently” needed to ensure they do not breach the policies of internet providers. In the letter, Mr Hancock expresses his growing concern over harmful content online, and states it is “appalling” how easy it is to access content that “leads to self harm and promotes suicide”. The letter, sent to corporate leaders at Facebook, Instagram, Twitter, Snapchat, Pinterest,…
MURRAY — Attract diverse teachers to Kentucky: That’s what Kentucky Education Commissioner Wayne Lewis hopes a new loan forgiveness program will do. It’s called the Kentucky Academy and Equity and Teaching. The program will allow certain students to apply for state money that they will not have to pay back if they teach in Kentucky. Bailey Ramage is an education student at Murray State University. She plans on working in early education after she graduates, but she worries about paying back her student loans. “Taking out loans is hard, and having to pay them back while starting out to be…
The Competition and Markets Authority (CMA) has secured formal commitments from 16 celebrities to ensure they will now say clearly if they have been paid or received any gifts or loans of products which they endorse. The influential celebrities, with large online followings, who have acted in response to the CMA’s concerns, include singers Ellie Goulding and Rita Ora, models Alexa Chung and Rosie Huntington-Whiteley, former Coronation Street and Our Girl actress Michelle Keegan and TV reality stars Millie Mackintosh and Megan McKenna. Online endorsements from celebrities and influencers can help brands boost sales, as millions of fans follow their…
Harry Brewis, who goes by Hbomberguy, playing Donkey Kong 64. His Twitch stream raised money for Mermaids and was endorsed by Chelsea Manning and Cher. Photograph: Twitch One of the defining features of politics in the 21st century has been the way online cultural phenomena can cross over into the “real” world. Unfortunately, perhaps because the internet seems to bring out the worst in people, those phenomena have largely been, well, awful. The defining example is Gamergate: the 2014 campaign of online misogynist harassment that acted as a breeding ground for many of the figures who would go on to…
Mahendra Singh Dhoni is i known to finish a game that too in style. The man on Friday won his first Man of the Series in ODIs since 2011 after helping India achieve their first-ever bilateral series win against Australia at the Melbourne Cricket Ground. With many people showering praises for the 37-year-old wicketkeeper, India’s former batsman Sanjay Manjrekar also had a few words for Dhoni. He said that Dhoni is being able to achieve success because his mind is still at its prime even though he has lost a bit of physical ability and confidence. The World Cup-winning skipper hit an unbeaten 87…
Mounted police patrol in Bulawayo on January 16, 2019, as shops and offices remain closed for business in the central business district following violent protests in the country triggered by a sharp, sudden rise in fuel prices. HARARE – Zimbabwe’s public workers have rejected a second offer to raise their salaries and demanded to be paid in dollars, days after at least three people died in violent anti-government protests. Hundreds of Zimbabweans were detained on public order charges on Friday, as the United Nations urged an end to a security crackdown and an internet blackout. Zimbabweans, who have seen their…