Pocketpedia - 191 Edition 11 AUG, 2014

PocketPedia 3.
0
Edition #250 Powered by iStations The Information Team, Symbiosis Institute of Management
Studies
30 JAN,2015
Markets & Economy
HDFC Q3 net up 12% at

Rs 1,425 crore on
higher loan growth
Facebook revenue beats forecasts; expenses soar

When Mark Zuckerberg warned investors three months ago that
Facebook's expenses were going to rise sharply, he really meant it. The company reported
on Wednesday that revenue increased 49 per cent in the fourth quarter (OctoberDecember) compared to the previous year, exceeding Wall Street's expectations. But
expenses rose even faster, up 87 per cent from the same quarter a year ago, driven in part
by a huge increase in stock payouts to employees. "We're very pleased with the growth of
our business," said Zuckerberg, Facebook's chief executive, in a conference call with
investors to discuss the results. Source : Business Standard
India's top mortgage lender, Housing

Development Finance
Corporation (HDFC) posted a
12% rise in net profit for the
third quarter to Rs 1,425.49
crore on the back of higher loan
growth. As of December 31,
Fed upbeat on US economy, cites strong job gains
2014, the loan book stood at Rs
The Federal Reserve on Wednesday said the economy was expanding "at a solid pace" with strong
2,19,951 crore as against Rs
job gains in a signal that the central bank remains on track with its plans to raise interest rates this
1,92,284 crore as at December
year. The Fed repeated it would be "patient" in deciding when to raise benchmark borrowing costs
31, 2013 recording a growth of
from zero, though it also acknowledged a decline in certain inflation measures. After a two-day
14%.Between October 2014
meeting of the Federal Open Market Committee, policymakers struck an upbeat tone on the US
and December 2014 we have
economy's prospects and held to their view that energy-led weakness in inflation would dissipate..
sold loans aggregating to Rs
Source : The Economic Times
1,234 crore. If you look at the
High rollovers into Feb series but markets remain cautious
individual loan book, the growth
Traders were mounting both bearish and bullish bets in Nifty futures at the expiry of the January
has been faster, said Keiki
series derivatives segment, indicating uncertainty about a further rise in the indices. On Thursday,
Mistry, vice chairman and CEO
the January series ended with rollovers at 76 per cent, more than the three-month average of 68
of HDFC. Loans sold in the
per cent. Open interest (OI, meaning unsquared positions) in these was at an 18-month high,
preceding twelve months
analysts said. The benchmark indices have climbed eight per cent so far this year, on the back of
amounted to Rs 8,566 crore.
an interest rate cut by the Reserve Bank of India a fortnight earlier.
The growth in the individual
Source: Business Standard
loan book, after adding back
loans sold was 23% (16% net
of loans sold). The growth in
Govt the
may
raise Rs
22.3k
non-individual
loan
portfolio
cr at CIL floor price of Rs
IMF says India to grow faster than China in 2016
358
India
is projected to outpace China by growing 6.5% against the 6.3% growth expected for its
The government on Thursday set the
northern
neighbour in fiscal year 2016-17third year of the Narendra Modi governmentthus
floor price the base price at which it
becoming
the fastest growing major economy in the world. This projection by the International
intends to sell its 10 per cent stake
Monetary
Fund
(IMF) in its latest World Economic Outlook Update released on Tuesday comes
in Coal India at Rs 358 a share, a
days
after
similar
projections by the World Bank that said India will grow at 7% in 2017-18, a tad
4.5 per cent discount to the last closing
higher
than
Chinas
6.9% growth. . IMF projected in October that Chinas growth in 2015 and 2016
price. The share sale, if fully
will
be
slower
than
its
estimates by 20 and 30 basis points, respectively. IMF, however, lowered
subscribed, will help the government
Indias
growth
projection
for 2015-16 to 6.3% from 6.4% estimated in October last year.
mop up Rs 22,385 crore, making it the
Source
:
Livemint
largest-ever equity offering in the Indian
Jan Dhan Yojana opens 11.5 cr accounts ahead of deadline
market. It will also help the government
Ahead of the deadline of 26th January of government's flagship scheme Pradhanmantri Jan Dhan
achieve over half of
Yojana (PMJDY)the government achieved the target of opening 11.5 crore bank accounts.The
the disinvestment target of Rs 43,425
original target was to reach out to 7.5 crore households during the scheme period but the target has
crore for the current financial year.
been overshot and was recognized by Guiness book of world records. Notwithstanding the
Market players say the pricing and
achievements in the scheme the minister was quick to recognize the contributions of the public
quality of the offering will see the issue
sector
banks to high
the scheme.Public
bank employees
biggest high
contributorafter
to the scheme.
sale
through. spurts 523 points to
Sensex
record
Govt sector
borrowing
towerestay
fiscal
Source
Economic Timesconsolidation: RBI official
Source
: Livemintmetal stocks steal
of 28,785;
the :show
The Centres gross borrowings from the market are expected to remain
Indian equity shares rose nearly 2 per cent to a record high,
high even after fiscal consolidation, as it will continue to see a dearth of
gaining for a fourth straight session, as blue-chips gained on
funds as long as the economy expands, G Padmanabhan, executive
hopes about the domestic economy, while strong cues from
director of the Reserve Bank
of India (RBI),
has of
said.
Addressing an
across the region also helped. As many as 199 stocks tracked the
Symbiosis
Institute
Management
annual event of the Primary
Dealers Association of India, he said gross
strong momentum in the broader market today and touched their
Studies
bond supply would remain high even after fiscal consolidation. The
year-high levels as the BSE benchmark Sensex surged 522.66
government, he added, was likely to continue running fiscal deficits in the
points to hit an all-time high of 28,829.29. Among the blue-chip
foreseeable future, owing to accumulated debt stock that had to be rolled
stocks that touched their 52-week high mark included Axis Bank,
over, as well as the countrys growing gross domestic product (GDP).
HDFC, HDFC Bank, ICICI Bank and Tata Motors.
Source : Business Standard
Source: Livemint
Finance
Operations
Renault launches global digital strategy
in India
Renault today launched its new global digital strategy in India, to
be replicated across its international operations, underlining the
country's importance in the French auto major's overall growth
plans. The new digital identity offers a seamless experience to
customers accessing website through the mobile, tablet and
desktop. The new platform is the first Renault-Nissan Alliance
digital initiative, the company said in a statement.
Source: Livemint
Sanofi to set up insulin facility in
Telangana
French vaccine manufacturer Sanofi, though its Indian entity
Shantha Biotechnics, will set up an insulin production facility in
Telangana, involving an investment of Rs 460 crore. Sanofi
proposes to manufacture Insuman, one of its leading human
insulin product for diabetes treatment, at the facility coming in
Medak district of Telangana, the second such plant after one at
Frankfurt in Germany.
Source : Economic Times
Microsoft launches Outlook for rival iOS,

Android
Microsoft on Thursday launched an Outlook app for rival handsets
running on Apple's iOS and Google's Android, ramping up its software
services efforts. The move will allow users of iPhones, iPads and
Android-powered smartphones and tablets to more easily access the
email service popular with many businesses. "The new Outlook app
brings together the core tools you need to get things done -- your email,
calendar, contacts and files -- helping you get more done even on the
smallest screen," Microsoft said on its Outlook blog.
Source : Economic Times
Mahindra completes 51% stake acquisition in
Peugeot Motocycles
Mahindra Two Wheelers today completed the 28 million euro acquisition
of 51 per cent stake in Peugeot Motocycles (PMTC), a part of the euro
54 billion France-based PSA Group. Under the terms of the agreement,
Mahindra Two Wheelers Ltd (MTWL) has infused euro 15 million into
PMTC to finance projects implemented through the strategic partnership
and has also bought shares held by PSA which would allow MTWL to
take a 51 per cent stake in PMTC. Source: Livemint
Source: Livemint
Human Resources

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PocketPedia 3.

Markets & Economy

HDFC Q3 net up 12% at

Facebook revenue beats forecasts; expenses soar

India's top mortgage lender, Housing

Microsoft launches Outlook for rival iOS,

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