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Friday, July 28, 2017

Jul 28, 2017 - 2,50,000% returns! These stocks made crorepatis out of small investors

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Although many strategic leaders tout their keen intuition, hard work, and years of industry experience, much of this intuition is simply a deeper understanding of data that was historically difficult to gather and expensive to process. Not any longer. Artificial intelligence is rapidly closing this gap, and will soon be able to help human beings push past our processing capabilities and biases. These developments will change many jobs, for example, those of consultants, lawyers, and accountants, whose roles will evolve from analysis to judgement. Arguably, tomorrow's elite consultants already sit on your wrist (Siri), on your kitchen counter (Alexa), or in your living room (Google Home). More here

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2,50,000% returns! These stocks made crorepatis out of small investors

This consumer electronics company is an air-cooler manufacturer, and makes a variety of them.

Advt: Lending solutions for all your long-term business needs

No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More)
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Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification.

Indian equity market, economy don't appear overheated, says CLSA

Economic parameters are also not showing signs of overheating.

Sugar rush for Shree Renuka as Wilmar pumps in additonal funds to reduce debt

Upon conversion, Wilmar Sugar will own approximately 38 per cent stake in the company.

India’s richest banker Uday Kotak wins big from Narendra Modi’s cash ban

After Narendra Modi’s ‘black money’ crackdown, Uday Kotak’s personal fortune has surged 43% to $10.1 billion

This banker's personal fortunes nearly doubled to $10 billion thanks to Modi's cash ban

Average assets under management jumped about 61% in a year at the groups investment manager.

Claris-Baxter deal may be good news for investors

Analysts said the company is likely to a sizeable one-time dividend or share buyback at higher levels.

Instagram, Facebook posts will soon help sniff out tax evaders in India

From August, the govt will begin amassing information not just from banks but also from Instagram and Facebook posts, as it looks to match residents’ spending patterns with income declarations

Alternative investment funds find many takers among HNIs

Assets under management by India-focused AIFs have swelled 90% over the past year.

There's one good reason India shouldn't cut rates

The economy has reached a crucial point, where owners and operators of companies are finally coming face-to-face with the consequences of a decade of bad choices.

HCL Technologies repays investors’ faith with stable margins

While margins have steadily declined for market leader TCS in the past year, HCL Technologies has more or less maintained margins even compared to a year ago

Is the worst over for ICICI Bank on asset quality?

Fresh slippages, ICICI Bank’s main bugbear for the last six quarters, dropped to Rs4,975 crore in the June quarter from Rs11,289 crore in the March quarter

What to do if your bank does not listen to your complaint

As a customer, if you have any complaint against your bank and are not satisfied with the bank’s response, there are various options available

Data insights can improve life insurance persistency

Advanced analytics can identify customer life-stages and thereby their insurance needs.

Startup accelerators need to focus on nurturing India's next big startups

Startup accelerators mushrooming all over the country are steering hundreds of young businesses. They need to focus on scouting for and nurturing Indias next big startups.

Shikha Sharma reappointed as MD CEO of Axis Bank for a period of 3 years

Recently it was reported that Sharma was headed to the Tata Group to head its financial services business which was later vehemently denied by the bank.

SAIF Partners raises new $350 million fund

SAIF Partners will invest 15-20% of the new fund in public companies

Aditya Birla Fashion downsizes retail chain, shuts 54 loss making Madura stores

Shital Mehta, chief executive officer, Pantaloon Fashion Retail, said on Thursday the company has shut 54 Madura stores and one Pantaloons store in Q1FY18.

Indians to spend $550 billion digitally

The Asian Age
The Asian AgeMumbai: Indian consumers spending through digital channels is likely to increase tenfold by 2025 to $500-$550 billion from $45-$50 billion a year at present accounting for almost 35 per cent of the total retail sales. While India's initial digital ...sp;»

Axis Bank acquires FreeCharge for Rs. 385 cr

First acquisition of a digital payments company by an Indian bank

Amazon says Prime Day saw big boost for Indian sellers shipping to overseas buyers

Indian sellers shipping their ware to international customers saw their sale-day volumes nearly double, the ecommerce giant reports

Telecom firms take merger route to counter Reliance Jio onslaught

The telecom tribunal will hear on August 18 the petition of Bharti Airtel and Idea Cellular challenging the decision of TRAI to allow free offers of Reliance Jio to continue beyond the stipulated 90 days. The two offers in reference are `Jio Welcome Offer' and the `Happy New Year offer'.

GST compliance delays billing cycle for telecom companies

Airtel postpaid customers in Delhi and Kolkata told ET that they had been informed by the companys customer care wing that the reason behind the delayed billing was GST-related.

Jio slams COAI for letter to TRAI on interconnect charges

Reliance Jio has written to the Indian telecom regulator slamming industry body Cellular Operators' Association of India's (COAI) views on interconnection usage charges when two of its members differed on the matter.

Competition Commission of India raps telecom regulator for stepping into its turf

In a letter to Trai chairman RS Sharma on July 21, CCI said the telecom regulator's move to create an analytical framework on predatory pricing, which..

Airtel India CEO Gopal Vittal hints at shifting to 4G from 3G

Airtel India CEO Gopal Vittal has indicated that the telecom operator may be shutting down its 3G networks and refarm the spectrum for 4G. The strategy of Airtel India is to tap customers with high speed data services offered by 4G network. Device makers have started focusing on 4G smartphones. Airtel claims that its nationwide …

India to overtake US as second-largest 4G phone base: Counterpoint report

Xiaomi Redmi 4A is an entry-level smartphone priced at Rs 5,999. The handset will be available exclusively from Amazon India at 12 noon today.

Market Now: BSE Telecom index slips; Bharti Airtel among top losers

The telecom index had hit its all-time high of 1488.27 on Tuesday, 25 July.

Jio Phone Shakes Up Cheap-End of India's Billion Strong Market

Aggressive tariff led by unlimited voice and data bundle plans resulted in steep decline.

Mobile video ads surges in India: InMobi

There has been a surge in mobile video advertising in India.

Consumers prefer specialised products over basic items: Kantar

Besides, demand for personal grooming products, including face cream, serums, hair gel, among others have seen uptrend, it said.

India's policies hit beverage cos: Coke CEO

NEW DELHI: Coca-Cola's global CEO James Quincey said India's beverage industry has been impacted in the first half of the year, as new policies have resulted in near-term uncertainties for retailers and consumers.

India to host a Mega International Food Beverage Trade show – 'Indus Food' in January, 2018

New Delhi: With the Indian F&B industry on a massive growth trajectory and revival of Global trade in food and beverage witnessing a fair amount of growth, the Trade Promotion Council of India (TPCI) with the support of the Ministry of Commerce and Industry, Department of Commerce, Govt. of India, today, announced the inception of …

FDI in food processing jumps 43% in FY17 to $727 million

While the food processing industry received $727 million in 2016-17 fiscal year in FDI, it attracted $183 million in just last two months.

ITC Q1 net profit rises 7.4% YoY to Rs 2560 crore

Hotel segment revenue rose by 6%

Kellogg India reduces price on select products

Breakfast cereal maker Kellogg's Indian arm said on Thursday that it will reduce prices by up to 5 per cent from next month on certain products.

New tax policies in India resulted in uncertainty: Coca-Cola

"We think GST is good for the country, but it did obviously make some impact in the second quarter," Coca-Colas chief executive James Quincey said.

GST: Despite inspection by govt teams retailers continues to charge tax on MRP

Despite inspection by teams of the Department of Consumer Affairs following an report, many consumers still complain of being forced to pay GST on MRP.

From diet chivda to muesli: Stay healthy with different types of diet food

Diet food contains fewer calories, and serves as a healthier alternative to conventional snacks such as potato chips, burgers and other fast food. Some diet foods are full of antioxidants, essential nutrients. Diet chivda is a mixed snack popular across India and served with hot beverages.

Nestlé is behind in consumer goods bake-off

NESTLE-RESULTS/BREAKINGVIEWS:BREAKINGVIEWS-Nestlé is behind in consumer goods bake-off

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