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15 October, 2018 12:02 PM ITC Q2 PAT seen up 17.2% YoY to Rs. 3,093.7 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 3,093.7 crore up 17.2% year-on-year (up 6.1% quarter-on-quarter). Net Sales are expected to increase by 9.1 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 11,152.1 crore, according to ICICI 27

15 October, 2018 10:50 AM One-third of Tata Capital's business will originate from Tata group firms, says Rajiv Sabharwal

In an exclusive conversation with CNBC-TV18, CEO Sabharwal said that consolidation in the financial services business would happen at the holding company level, ruling out consolidation among the housing, NBFC, leasing and other subsidiaries. Rajiv Sabharwal, the managing director and CEO of Tata Capital, believes that a third of company's business will originate 32

12 October, 2018 4:39 AM Life insurers' new premium income down 16% at Rs 17,491 crore in September

Life insurers' premium income from new business fell by 16.28 per cent to Rs 17,490.68 crore in September, data from Insurance Regulatory and Development Authority of India (Irdai) showed Thursday. The insurance companies had earned Rs 20,892.07 as premium from new policies in the same month a year ago. Of the all 24 life insurance companies, state-owned 47

11 October, 2018 9:32 AM Deals on iPhone, PS4, Xbox, Sony TV, and More

Amazon and Flipkart aren't the only ones running online festive season sales. Paytm Mall is also offering discounts and offers on a large selection of products. While Paytm Mall doesn't offer large flat discounts, it does offer a decent cashback on products which is credited to your Paytm wallet. You can use this cashback to pay for any service that accepts 60

8 October, 2018 2:23 PM Markets wipe off early losses, end higher on value-buying

New Delhi: Markets wiped off early losses to end the positive zone on Monday amidst short-covering by investors. The BSE Sensex jumped 97.39 points or 0.28 percent at 34,474.38. Similarly the broader Nifty also reclaimed the 10,300-mark by recovering 31.60 points, or 0.31 percent, to 10,348.05. Intra-day, the Nifty slipped below 10,200 and Sensex breached 64

8 October, 2018 1:37 PM These Banks Offer Up To 7.25% Interest On Savings Account Deposits

Small finance banks offer higher interest rates than their larger peers. Small finance banks such as ESAF Small Finance Bank, Equitas Small finance Bank and Suryoday Bank offer higher interest rates on savings, fixed deposit (FD), and recurring deposit (RD) accounts, compared to major banks such as State Bank of India. For example, the key lenders of the country 42

6 October, 2018 2:59 PM Zero Balance Savings Account: SBI Vs HDFC Bank Vs ICICI Bank

Customers also get a number of facilities such as debit and ATM cards and internet banking with basic savings bank deposit (BSBD) account. If you want to open a bank account without maintaining a minimum balance, a basic savings bank deposit (BSBD) account is your answer. A BSBD account is a type of zero balance savings account and does not require customers 45

6 October, 2018 4:49 AM This week in MFs: Top 20 fund houses manage 95% of industry AUM in September quarter

SEBI emphasised on the need of having more competition to ensure uniform growth among industry players The latest AMFI quarterly data reveals that top 20 fund houses account for 95 percent of industry AUM. These mutual fund houses manage over Rs 23.06 lakh crore as on July-Sep quarter of the total quarterly AUM of Rs 24.28 lakh crore of 41-mutual funds 65

5 October, 2018 8:01 PM All you want to know about Sandeep Bakhshi, the new CEO of ICICI Bank

Bakhshi has been with the ICICI Group for 32 years. New Delhi: ICICI Bank has elevated its Chief Operating Officer Sandeep Bakhshi as managing director and CEO in place of Chanda Kochhar who quit after a nine-year stint as the head of the bank. Bakhshi has been appointed for a period of five years till October 3, 2023. He was appointed as the Wholetime 47

4 October, 2018 2:27 PM MFs July-Sept average AUM up 14% on quarter; ICICI Pru MF remains on top

The average assets under management of the 41-player mutual fund industry rose 14 percent to Rs 24.29 lakh crore in July-September, according to the data on the Association of Mutual Funds in India. In comparison, the total AUM of the industry in April-June stood at Rs 23.4 lakh crore. Mutual fund managers attributed the rise in quarterly AUM to strong 60