Banking system unfair to common man, says Deepak Parekh

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THE ECONOMIC TIMES Fri, Oct 11, 2019 | 05:23 PM IST Daily Newsletter

Brutally unfair that banking system can't protect common man's savings, says Deepak Parekh "We have loan waivers & corporate loan write-offs but nothing to protect common man's savings," Parekh said.

Infy Q2 profit meets estimates, firm raises revenue guidance The second-largest IT exporter also declared an interim dividend of Rs 8 per share....

New rates likely in GST's biggest review since launch The task has been assigned to a 12-member committee of state and central government officials....

Car sales plummet again; 11th month in a row Domestic sales dropped by 23.69% in Sept to 2,23,317 units, down from 2,92,660 units in the year-ago period.

The era of social-media superstars YouTube, TikTok, Instagram, Sharechat, et al. transform lives of many. Can Tricog build scale by saving lives? A U-turn on thermal power-plant emissions

More From our Partners On Jana Diwas 2019, Jana Small Finance Bank draws on financial inclusion

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The 20 richest people in the automotive industry Some in this list are prominent, like Elon Musk. Others are not so much so, like Pallonji Mistry....read more SBI to charge processing fees for home loans »  Two missiles hit Iran tanker off Saudi coast: Media »

More From our Partners Evolving dynamics of MSME lending industry – A perspective from MSME Pulse by Vipul Mahajan Gain insights on where are new-to-credit MSMEs are coming from and who is lending to them

TCS hit an unexpected patch of softness; we will need to remain agile... Rajesh Gopinath, TCS CEO & MD

Market Watch 11 Oct | 05:23PM| SENSEX NIFTY USD/INR GOLD 38127.08 ↑246.68 11305.05 ↑70.50 71.01 ↓-0.07 37884.00 ↓-275.00

MARKET NEWS

Jhunjhunwala offloaded 49 lakh shares in Titan in Q2; stock flat The company saw 15 per cent year-on-year retail growth between August and September....

Ashok Kapur family says ready to dilute stake Rana Kapoor group's holding came down to 0.80% after the invocation of a pledged shares. ...

Gainers Losers 11 Oct, 2019, 05:23PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Bandhan Bank 583.40 15.08 1167048 608.3 535.15 Rail Vikas Nigam 25.75 12.20 3920819 25.95 23.2 GRUH Finance 302.85 11.04 655585 327.3 287.9 Indiabulls Housing Finance Ltd 209.95 7.67 6866911 215.0 176.6 ADANIGREEN 78.80 6.92 1029737 79.45 74.15

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Iran women freely attend a football match for the first time in decades Empire State Building shows off new $165 million observatory Walmart may get a $10 billion Diwali gift Coming together of NASA and SpaceX for first manned mission More Slideshows

FROM THE NEWSPAPER

Decoding the 6p math behind Jio's charges Jio has attracted a record subscriber base in the shortest span of time due to its pricing & discounts....

Is this the real reason Rahul Gandhi quit? After Congress lost 2014 Lok Sabha elections, Sonia Gandhi had instituted the Antony Committee for an official post-m...

Amazon, Flipkart not playing Diwali fare? Small retailers have alleged that Amazon & Flipkart violated FDI norms during their festive sales....

Pak links may nix shipyard's $2.3 bn India deal While Turkish yard's 'win' was announced in June, no formal contract signed yet....

Amid slowdown, MG Motor to raise capacity by 50% MG's capacity addition by 50 per cent comes even as the broader industry is struggling to clamber out of a protracted...

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Mukesh Ambani continues to rule Forbes India rich list, followed by Adani; no woman in top 10 Nobel Peace Prize awarded to Ethiopian Prime Minister Abiy Ahmed Ali Google Maps announces new update to assist the visually-impaired, will now offer detailed voice guidance 'There'll never be a legend like him ever again': Love and b'day wishes pour in as Bollywood's 'Shahenshah' turns 77 Read more from Panache

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5 qualities that make a multibagger: Tips from the Big Bull

THE ECONOMIC TIMES Fri, Oct 11, 2019 | 08:08 AM IST ET Investment Opportunities

5 qualities that make a multibagger: Tips from the Big Bull Jhunjhunwala projected India's GDP growth to touch 9 per cent by 2022-2023. Largecap stocks may have just started a rally that will last years The rate cut lifted investor sentiment and triggered short covering in the oversold stocks. View: Not sure how rate cuts are going to help stimulate demand 25 bps rate cut was a little bit lower than expectations. More rate cuts likely in Dec. As D-Street biggies get bigger, value emerging across market Analysts said value buying opportunities are visible across segments.

Advertorial Fake call alert: This new app lets cybercriminals generate international phone numbers to con people The process of tracking such numbers is simple, but time-consuming. Advertorial RBI likely to cut rates; is it time to change your debt mutual fund strategy? While some fund managers are waiting for the advisory, others believe that the room for more rate cuts has opened for RBI.

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 5.49 8.50 20.70 15.40 Axis Bluechip Fund-Growth 5.35 7.84 19.16 13.93 Mirae Asset Large Cap Fund Direct- Growth 1.25 -1.77 9.79 10.97 Mirae Asset Large Cap Fund Regular- Growth 1.16 -2.30 8.58 10.01 Motilal Oswal Focused 25 Fund Direct-Growth 5.82 5.41 15.43 9.68 FeaturedDSP Midcap Direct Plan-Growth ★★★★★ 3.39 -2.29 9.80 6.11 Start SIP

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RJ, Ambani, Dhoni & much of D-St awaiting these big-bang IPOs Some of these firms have strong balance sheets and credible financials to support this frenzy. Iraq may be the next flash point for crude oil market Southern Iraq is home to most of Iraq's oil industry and the protests have reached Basra. Slowdown-hit auto firms headed for another disappointing quarter M&M reported a 21 per cent decline in total sales at 43,343 units in September. 17% returns! PMSes make good money for the ultra-rich in Sept PMS run by Mumbai-based Basant Maheshwari delivered 15.67 per cent in September.

Advertorial With $5.5 mn, PV Sindhu is only Indian on Forbes highest-paid female athletes list Sindhu features on the same list which is topped by Serena Williams. Advertorial Penalty you will pay for missing ITR filing deadline and who won't have to pay If you file your return after midnight of Aug 31, then you are liable to pay a late fee of upto Rs 10,000.

Paathshala: What it means to invest in a commercial paper CPs can be issued in denominations of Rs 5 lakh or multiples thereof. Slideshow: What top brokerages expect from Q2 earnings The earning preview for the September quarter, which begins Thursday, remains bleak with most companies having already paid their advance tax and thus unable to reap the benefits of the corporate tax reduction announced last month. "We are not assuming any benefits from the corporate tax reduction in 2QFY20 as many companies would have paid advance tax," brokerage firm Motilal Oswal said in its result preview. Here's a look what top brokerages are saying:

NFO (FMPs) Fund Name Category Type Open Close Min Inv   SBI FMP (FMP) - Series 20 (1109 Days) Reg-G Debt: FMP Closed-end 09 Oct 2019 14 Oct 2019 5,000 SBI FMP (FMP) - Series 20 (1109 Days) Reg-D Debt: FMP Closed-end 09 Oct 2019 14 Oct 2019 5,000 SBI FMP (FMP) - Series 20 (1109 Days) Direct-G Debt: FMP Closed-end 09 Oct 2019 14 Oct 2019 5,000 SBI FMP (FMP) - Series 20 (1109 Days) Direct-D Debt: FMP Closed-end 09 Oct 2019 14 Oct 2019 5,000 More >>

Real Estate News

HDIL homebuyers complain to Economic Offences Wing Look to file FIR against promoters, directors, co for criminal breach of contract, cheating.

A well-known residential and commercial area in Gurgaon The DLF areas are well-connected to key job hubs, retail infrastructure and prominent schools.

NBCC ready to hand over two Amrapali projects to SC receiver The flat owners are expected to start the registry from next month, almost six years after they moved in to the flats.

In a first, realtor moves UP-RERA against home buyers Supertech has alleged that the home buyers were neither taking delivery of their flats nor paying the dues.

HDIL homebuyers seek PM intervention to get possession They believe chances of the company delivering already delayed homes are rather bleak.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 Motilal Oswal Large and Midcap Fund Reg-D Equity: Large & MidCap Open-ended 27 Sep 2019 11 Oct 2019 500 More >>

Views and Recommendations

Buy GMR Infra, target price Rs 21: Kunal Bothra 10 October, 2019, 11:24 AM IST Kunal Bothra recommended to keep a stop loss at Rs 15. Buy Buy Bata India, target price Rs 1,815: Kunal Bothra 10 October, 2019, 11:24 AM IST Kunal Bothra recommended to keep a stop loss at Rs 1,715. Buy Buy MindTree, target price Rs 770: Kunal Bothra 10 October, 2019, 11:24 AM IST Kunal Bothra recommended to keep a stop loss at Rs 700. Buy Buy Asian Paints, target price Rs 1,810: Jayesh Bhanushali 10 October, 2019, 08:55 AM IST Jayesh Bhanushali recommended to keep a stop loss at Rs 1,745. Buy

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