Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Motilal Oswal’s research report on Shriram City Union Finance Shriram City Union Finance’s (SCUF) PAT increased 2% YoY to INR2.6b in 3QFY19 – a 10% beat – largely driven by provision write-back of INR161m. On a PPoP basis, there was a...
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Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Britain’s departure from the European Union’s customs union would ramp up costs for small and medium-sized car part suppliers to such an extent that supply chains could seize up, a senior European executive at Honda said on Tuesday. Ian Howells,...
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Union Cabinet Scraps Decades-Old Foreign Investment Regulator

Union Cabinet Scraps Decades-Old Foreign Investment Regulator

The cabinet today put its stamp on dissolution of the Foreign Investment Promotion Board (FIPB), bringing the curtains down on the two-decade old organisation empowered to recommend clearance for foreign direct investments up to Rs. 5,000 crores. While present...
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S&P Downgrades Union Bank On Weak Asset Quality

S&P Downgrades Union Bank On Weak Asset Quality

S&P lowered its long-term issuer credit rating on Union Bank of India to ‘BB+’ from ‘BBB-‘. Mumbai: International ratings agency Standard & Poor’s (S&P) on Friday lowered its long-term issuer credit rating on Union Ba...
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Microsoft to quit telephone manufacturing, Says Union representative

Microsoft to quit telephone manufacturing, Says Union representative

Microsoft introduced Wednesday it’d allow cross up to 1,850 personnel and a Finnish union known as it the give up of the company’s smartphone manufacturing business, bought from Finnish telecom device maker Nokia. “Microsoft Corp. on Wednesda...
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Lava KKT Ultra+ Union With Support for 22 Indian Languages Launched at Rs. 1,500

Lava KKT Ultra+ Union With Support for 22 Indian Languages Launched at Rs. 1,500

Domestic mobile brand Lava at an event in New Delhi on Tuesday launched a feature phone with support for 22 vernacular languages. Called the Lava KKT Ultra+ Union, the feature phone has been priced at Rs. 1,500. The company claims...
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